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Established Bar And Restaurant With Accomadation For Sale

Santa Ponsa, Mallorca
Asking Price:
€120,000 Furniture / Fixtures included
Sales Revenue:
€100K - €250K
Cash Flow:
€50K - €100K

This is one of the most respected Irish Bars in Santa Ponsa known for selling authentic home cooked food during the day and a nice warm atmosphere.

The Business itself has been established for 15 years and is family owned. The owners have been bar/restaurant owners on the island for over 30 years and have built this business up to be one of the most highly rated bars for food and drinks in the resort, they are regularly mentioned across all social media for there home cooked food.

This bar serves a lot of food! In peak season they regularly do 100 breakfasts and 100 covers in the evening with the kitchen closing around 8.30pm of course this could be extended for further earning potential. The kitchen was only refitted earlier this year to help keep up with demand. The Bar and terrace have seating for over 80 people

On Sundays they are usually fully booked and can serve up to 100 Roast dinners between 12pm-6pm

A lot of the business comes from repeat business form regular tourists and well as residents and as they are known to make one of the best Breakfasts in the resort

Its currently open Apr-Oct but could easily open 12 months a year due to the high number of residents and winter tourists now visiting the resort.

The Bar itself is fully air-conditioned which has installed just a couple of years ago. It has a very high end sound system worth over €3K and the whole bar was just rewired with HDMI cables for all the TV's for sports coverage.

There is a Keg room is downstairs and large amounts of storage downstairs.
As well as being very secure premises with security camera's and shutters

Also with the business comes a very large air conditioned 2 bed flat downstairs fitted to a very high standard, perfect for a family with a private terrace and parking. It would be hard to find an apartment for the price of the rental of the whole business!

Its very rare to find a business like this on the island that comes up for sale which since its so profitable but the owners are coming close to retirement age and are wanting to head back home to Island

They will happily help with a month or more should you need it to handover this excellent business. This would suit a family ideally with some catering experience due to the high volume of food they produce or a couple and a good chef.

This a a turnkey business with all great regular clientele and everything fitted to a very high standard

Property information

Real Estate:

Lease

Lease Terms:

5 years left but easily extendable

Leasehold Rent:

971/month per annum

Living Accommodation:

Large and excellent fitted 2 bed apartment

Location:

Santa Ponsa

Premises Details:

Excellently fitted to high standard with large 2 bed apartment

Business Operation

Expansion Potential:

Could expand the food or perhaps enlarge the barb by taking on the unit next door

Competition / Market:

It is the competition

Reasons for selling:

`The owner are retiring and moving back to Ireland

Trading hours:

9am-12pm every day

Employees:
3
Years established:
15

Other Information

Support & training:

The owners will happily spend a month handing over the bar, introducing the new owners to suppliers etc

Furniture / Fixtures value:
€40,000 - included in the asking price
Inventory / Stock value:
€10,000

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