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SELECTION: For sale, Magaluf, Bar/Cafe

Bargain Bar in popular resort in Mallorca

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Sales Price:
Currency convertor € 20,000
Rental Price:
Currency convertor € 900
Transaction:
For Sale/For Rent
Business Type:
Bar/Cafe
Term:
5 years renewable
Tenure:
Leasehold
Area:
Reference No.:
b4031bs
View:
NA
Location:
Magaluf
Front line:
NA
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Reference No.: b4031bs
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Property Description

This bar is well located, just off one of the busiest streets in the resort and is approached by the terrace of around 20m2.  Inside, you will find a further 40m2 set out with bench seating (to maximise the number of seated customers).  The bar itself runs along one side of the premises and, to the rear, there are male and female washrooms and storage space.
The décor is traditional, and the owner has recently laid new flooring throughout the premises.  The licence allows for the bar to be open until 4.00am for those live music and Karaoke nights that are so popular in this area.
The clientele has been mostly an international mix of tourists during the summer season; however, there is scope for catering for the large population of ex-pats who are resident in this area all year round.  COMMENT:  It is rare to find such a well-known business at such a reasonable price in this area where the prices are increasing, thanks to the huge investment in the resort and we recommend immediate viewing, as this bar will not stay on the market for long. Please note that there is an option to rent the business and we invite interested parties to contact us for details.

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

This is an excellent opportunity to buy a very well-known bar with a much sought-after café concierto licence in the ever-green resort of Magaluf – and the even better news is that it has been renovated throughout and is ready for the new owner to turn the key and start trading!

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