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SELECTION: For sale, South West, Paguera, Music Bars/Discos

Paguera - Nightclubs

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Sales Price:
Currency convertor € 3,200,000
Rental Price:
Currency convertor € 0
Transaction:
For Sale/For Rent
Business Type:
Music Bars/Discos
Term:
N/A
Tenure:
Freehold
Area:
South West
Reference No.:
b2595a
View:
NA
Location:
Paguera
Front line:
NA
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Reference No.: b2595a
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures according to your needs.

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Property Description

Club 1: The location is perfect being right on the main street to the centre of a top resort. Impressive entrance way with overhead canopy and foyer leading to the large 526m2 interior. Three drinks bars plus a separate cocktail area. Private office, DJ booth, big storage area, top sound, TV's, etc. Modern décor, full equipment, ready to take over tonight. Large floor area but quite cosy. Opens (through owner choice) for just seven months a year, but extremely busy during this period with both visiting tourists and residents alike. Club 2: Designed to attract a slightly older clientele more likely to be attired in 'Armani' than Manchester United or Bayern Munich football kit. Again, the location is good being on the main boulevard to the centre of town. There is little or no competition outside of the hotels excepting for a discotheque catering in the main to a younger audience (see Club 1) and just a few smaller clubs. Impressive entrance way leading into the club which boasts a total floor area of 520m2. First impressions are of refined quality and class, quite large, but with a warm and welcoming ambience. The décor is amazing with ceramic flooring and the use of natural stone and timber to the walls and customer areas. Beautiful furnishings and creative lighting, all professionally designed and in 'as new' condition. Three separate bars, large dance floor, lots of open space, DJ booth, lovely garden closed in by picture windows. Private office, changing rooms for the entertainers, elegant client bathrooms, storeroom, etc. 
As with Club 1, the business has an extremely rare 'Discoteca / Sala de Fiestas' licence that basically allows anything from a full blown discotheque to live music, cabaret, shows, table dance, etc until 6am in the morning / 365 days a year.
COMMENT: A serious opportunity to buy together the freeholds of two long established, profitable 'turnkey' clubs. Bank valuations on the 'bricks & mortar' alone should be close to the asking price, the goodwill asked for the businesses very reasonable (if not a giveaway). Takings / profits are believed to be high but will only be discussed when meeting direct with the sellers by seriously interested, qualified clients with proven funds available. Dare we say that ownership of both clubs together results in a near virtual monopoly on the resort!

Arguably two of the best known 'Night Club / Discotheques' on the island, to be sold as a 'package' by brothers who now wish to retire after 15 years.

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