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SELECTION: For sale, Magaluf, Bar/Cafe

Large Well-known Bar/Restaurant in Magaluf Mallorca for rent

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Sales Price:
Currency convertor € 15,000
Rental Price:
Currency convertor € 1,500
Transaction:
For Sale/For Rent
Business Type:
Bar/Cafe
Term:
5 years renewable
Tenure:
All Tenure
Area:
Reference No.:
b4068bs
View:
NA
Location:
Magaluf
Front line:
NA
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Reference No.: b4068bs
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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

Surrounded by other bars, restaurants and both residential and holiday accommodation, the premises are divided into two parts, each of around 90m2 with a connecting passageway to the rear. One part has a large bar running down one side with room for around 30 customers.  The other part houses a large kitchen and utility/storeroom, along with an area that has been used as a take-away. Along both sections, there is a large terrace which can easily seat 60+ customers.
To the rear, you will find male, female and staff washrooms, along with additional storage areas.
Traditionally, the business was open all day for breakfasts, lunches, snacks and dinners, with the take-away side operating until 4.00am.  To this end, the new owner would need around 7/8 staff to run the business successfully in this way.  The clientele were an international mixture of tourists and ex-pats, with the majority being British.

 
COMMENT:  Being a large business, this would be ideal for a family with experience in the hospitality industry, who wish to take advantage of starting to trade in an area that is enjoying a huge amount of investment and reinvention.  It is also available as a Freehold sale and full details will be provided to the interested parties.
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 a large bar/restaurant in the heart of this busy resort, well situated on a recently pedestrianised street and well-known for many years, being particularly popular with young holiday makers

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