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Established Family Bar In Magaluf For Sale

Magaluf, Mallorca
Freehold Price:
€450,000
Lease Asking Price:
€100,000
Sales Revenue:
€250K - €500K
Cash Flow:
€100K - €250K

This large bar has been run by the same family for over 15 years now in Magaluf providing tourists and locals drinks and good quality home cooked food which has been bringing people back to the bar for years.
The bar is 150sqm inside with a large terrace. It's fitted and decorated to a very high standard with everything you could possibly need to have a Succesful bar. The owners are now close to retirement and think its time to let someone else enjoy this great bar.
Highly rated on Trip Advisor this has been run by the family with an addition of a few members of staff, Open from 9am-4am every day with food available from 10am-10pm. The license is the much sought after Cafe Concierto which allows for live music as well as Karaoke
The bar itself has lots of seating as well as numerous TV's all connected via new HDMI cables for people to catch up on a variety of sporting events. There is space for a pool table inside as well.
The bar itself turnover approx 350,000 per year in the 7 months it's open but you could easily open all year around especially as Magaluf is currently going through a gentrification process and now has hotels open all year round
The owners will be happy to do a handover for a month, introducing them to various suppliers and showing them the ropes
Available as Freehold or for Lease

Property information

Real Estate:

Available as lease or with real property included

Leasehold Rent:

€32,000 per annum

Location:

Magaluf

Business Operation

Years established:
15

Other Information

Leasehold asking price:
€100,000

Contact Information

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