Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Successful And Established Bar/ Restaurant In Menorca For Sale

Son Parc, Menorca
Freehold Price:
€1,200,000 Furniture / Fixtures included
Lease Asking Price:
€100K - €250K Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This is an opportunity to purchase one of the most popular and successful bar/restaurants on the beautiful Balearic island of Menorca. It is offered to the market by the owners who are looking to retire.

Situated on the north of the island beside Menorca’s only golf course, the bar is popular with both residents and tourists alike. Throughout the year it presents live music events and frequently hosts celebrations e.g. birthdays, anniversaries, charity nights and post golf tournament evenings.

ACCOMMODATION AND LAYOUT

Purpose-built and opened in 2003, the bar has been run for 16 years by the original owners. It is built on two levels and boasts, on the ground floor, a large terrace to the front of the building with views towards the signature water hole of the golf course. This terrace can comfortably accommodate 50 people for drinking/dining, but also easily accommodates 100 plus people during music and sporting events. A smaller terrace to the rear provides an intimate and quieter area for smaller groups. The fully air-conditioned internal bar area has an island bar and can easily be transformed from comfortably accommodating upwards of 120 people for music and sporting events to seating 70/80 people for dining inside. The bar has a disabled toilet and is wheelchair friendly. The ground floor also boasts a well-equipped large commercial kitchen with more than ample storage space for stock. From the kitchen there is a spiral staircase and a dumb waiter leading to the upper floor.

The upper level is accessed from three separate staircases, one external, one internal from the kitchen and one from the bar area. The upper area has both ladies’ and gents’ toilets and a large storage/stock room. There are a further two large rooms which can be used for private functions, meetings, art exhibitions, etc. or could easily be used to extend the living accommodation if required. Having a separate access (with an optional external staircase), there is a one bedroomed apartment which is ideal for any prospective owner or for a live-in manager or staff.

The property has been maintained and equipped to a very high standard and boasts four large TV screens (including a giant projector screen inside) for live sports, one pool table and dartboard inside and an additional pool table and air hockey table outside.

The island bar itself is fully equipped with chiller cabinets, ice machine, glass washer, coffee machine, pizza oven, snack oven, fully equipped and stocked gantry, sound system with mixer board for inside and outside speakers, fully computerised till and stock system and security monitor. The property has an alarm system and security cameras throughout.

BUSINESS

Since the bar opened in 2003, it has steadily evolved from, initially, a family tourist bar to its current form which is a well established and popular venue which serves as a social centre for Son Parc. In addition to a well-stocked bar, the bar offers food throughout the day to cater for the varying needs of its customers, whether it be tapas, light snacks (pizzas, etc.), regular dining events e.g. American Diner menu on Monday and Wednesday nights, Fish & Chips menu on Friday nights, specialist events such as BBQ on the terrace, paella nights, Sunday carvery buffets, curry buffets and even gourmet dining evenings provided by a high quality chef who enjoys a superb reputation across the island and who is currently contracted to the bar.

During the summer months, the bar is extremely popular for its quiz nights, pool and dart competitions, open mic nights and live music nights with professional artists. Throughout the year the bar is deemed as the best location to host a variety of official meetings for the local resident’s association, residential complex meetings, etc. Since 2014, throughout the year, it is the twice a week venue for aerobics classes.

As part of its connection with the local community, the bar hosts regular charity and fundraising events and in particular has established a close relationship with several leading charities, and has raised tens of thousands of euros for local, national and international charities.

At present, the bar is opened from 1st April for five nights a week, from 1st May until 31st October every day from midday until late and 2/3 nights a week from 1st November until 31st March.

POTENTIAL

The bar is extremely successful, however, undoubtedly there are opportunities for further growth. For example, whilst the food contribution to the business is good, it can be grown by, say, opening mornings for breakfasts, developing the upper rooms for more private dining or offering a la carte experiences. In addition, Son Parc is undergoing a period of considerable growth, with infrastructure currently underway for two new 5 star hotels (construction for both the hotels and villas due to start Spring 2020) and 55 new villas and a further 3 hotels and 400 villas proposed in the near future.

Property Information

Real Estate:

Available as lease or with real property included

Location:

Situated on the north of the island beside Menorca’s only golf course, the bar is popular with both residents and tourists alike. Throughout the year it presents live music events and frequently hosts celebrations e.g. birthdays, anniversaries, charity nights and post golf tournament evenings.

Premises Details:

Purpose-built and opened in 2003, the bar has been run for 16 years by the original owners. It is built on two levels and boasts, on the ground floor, a large terrace to the front of the building with views towards the signature water hole of the golf course. This terrace can comfortably accommodate 50 people for drinking/dining, but also easily accommodates 100 plus people during music and sporting events. A smaller terrace to the rear provides an intimate and quieter area for smaller groups. The fully air-conditioned internal bar area has an island bar and can easily be transformed from comfortably accommodating upwards of 120 people for music and sporting events to seating 70/80 people for dining inside. The bar has a disabled toilet and is wheelchair friendly. The ground floor also boasts a well-equipped large commercial kitchen with more than ample storage space for stock. From the kitchen there is a spiral staircase and a dumb waiter leading to the upper floor.

The upper level is accessed from three separate staircases, one external, one internal from the kitchen and one from the bar area. The upper area has both ladies’ and gents’ toilets and a large storage/stock room. There are a further two large rooms which can be used for private functions, meetings, art exhibitions, etc. or could easily be used to extend the living accommodation if required. Having a separate access (with an optional external staircase), there is a one bedroomed apartment which is ideal for any prospective owner or for a live-in manager or staff.

The property has been maintained and equipped to a very high standard and boasts four large TV screens (including a giant projector screen inside) for live sports, one pool table and dartboard inside and an additional pool table and air hockey table outside.

The island bar itself is fully equipped with chiller cabinets, ice machine, glass washer, coffee machine, pizza oven, snack oven, fully equipped and stocked gantry, sound system with mixer board for inside and outside speakers, fully computerised till and stock system and security monitor. The property has an alarm system and security cameras throughout.

Size in square feet:
2,160 sq. meters plus 250 sq. metre terrace

Business Operation

Expansion Potential:

The bar is extremely successful, however, undoubtedly there are opportunities for further growth. For example, whilst the food contribution to the business is good, it can be grown by, say, opening mornings for breakfasts, developing the upper rooms for more private dining or offering a la carte experiences. In addition, Son Parc is undergoing a period of considerable growth, with infrastructure currently underway for two new 5 star hotels (construction for both the hotels and villas due to start Spring 2020) and 55 new villas and a further 3 hotels and 400 villas proposed in the near future.

Reasons for selling:

Retirement

Trading hours:

1st April - 30th April, 7 nights 6.30pm until late
1st May - 31st October every day from midday until late
1st November - 31st March 3 nights per week from 6.30pm, with additional party nights

Employees:
The two owners and three staff
Years established:
16

Other Information

Support & training:

The current owners are happy to work with the new owners if desired to ensure a smooth takeover.

Furniture / Fixtures value:
€120,000 - included in the asking price
Leasehold asking price:
€100K - €250K - Furniture / Fixtures included

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here