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Licensed Bar In A Prestigious Port Town
Location Spain
Asking Price Range $250K - $500K
Gross Revenues $393617
Net Profit / Cash Flow $131205
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reason for Sale The Vendors started the Bar as a retirement business after selling their previous company and feel they have laid the foundations for a first class establishment which now needs a fresh injection of energy and enthusiaism from a new owner.
Description Licensed Bar for sale in a Prestigious Port Town of Mallorca Established in prime Port location
Ref.AC262
Location Mallorca, Spain
Asking Price œ 199,950
This popular and busy contemporary Bar was founded by the Vendors after they travelled to the area on holiday. This busy Port Town in Mallorca is a popular destination for the rich and famous and the Bar has become the venue of choice due to the substantial investment and innovative input from the Vendors. Since its opening the Bar has become a well known and respected destination venue with a reputation for the quality of its cocktail and drinks selection and stylish environment.
The Bar has a loyal following of both locals and regular visitors to the island. The Bar could also enjoy revenues from catering for parties and other special events.
This successful business offers customers an opportunity to spend time enjoying a discreet drink in a relaxed and stylish atmosphere, from a comprehensive menu of the highest quality beers and wines and impressive cocktail list. The bar has a late night music as well as dancing and karaoke.
This business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of the current volume of custom and expanding the food offer through the bistro. The Bar also limits the current trading hours so an extension to this would also benefit the sales and profit.
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