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SELECTION: For sale, Palma, Palma City, Bar/Cafe

Lovely bar in heart of city for sale in Mallorca

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Sales Price:
Currency convertor € 40,000
Rental Price:
Currency convertor € 650
Transaction:
For Sale/For Rent
Business Type:
Bar/Cafe
Term:
5 years negotiable
Tenure:
Leasehold
Area:
Palma
Reference No.:
b3950
View:
NA
Location:
Palma City
Front line:
NA
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Reference No.: b3950
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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

With around 40m2 of interior space (and a further 18m2 upstairs), this bar is currently run as an evening cocktail bar. The premises, with its original Templar arches, have been lovingly reformed to produce a warm, intimate vibe.  Your eye will be particularly drawn to the handmade seating booths, made from solid wood.
On entering the business, you will find the well-equipped bar running down one side. On further inspection, the main ‘body’ of the bar is capable of seating at least 40 customers, with more space at the bar itself. To the rear, you will find the male and female washrooms.
At present, the bar opens all year, from 9.00pm to 2.00am, from Wednesday to Saturday; however, this is the choice of the owner (due to other business commitments) and a new owner could open all day, every day if wished.
Being in such a central position, the clientele are a mixed bag of international residents, as well as the exploring tourists.
COMMENT: There is nothing to do to this business other than turn the key and continue trading, so is ideal for the single person with some part-time help or a couple with the energy to take this bar to the next level and we strongly recommend viewing.

Our multi-lingual staff would be delighted to show you the premises and guide you through the buying process, free of charge to you as a potential buyer.

What an opportunity to buy a going concern in the heart of the city! And to add to the great location, the business is beautifully presented with plenty of scope to increase the revenue.

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