|
Bar / Restaurant
Location Spain
Asking Price Range < $250K
Gross Revenues $120000
Net Profit / Cash Flow $1000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 1 - 3
Inventory 2500
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Health.
Description A walk in business, ready to bring in income from day one. Working Bar / Restaurant for sale! Profitable operation. Low rent. High daily income. Closed Sundays. Opens early Afternoon to midnight. Regular English speaking Clientele. 35,500 Euros. S.A.V = 2,800.
This bar is offered for sale as a going concern. As soon as ownership is exchanged, you are in business and ready to start a new life in a beautiful part of the Costa Del Sol.
The reason for sale is a health issue; the business is still growing in terms of revenue and customer base.
The current owners have spent 2 years building the business to a highly profitable and easy to run business. The client base has grown steadily over the two years of operation, and the initiative of a Friday meat Raffle has helped to promote a stream of new business. This initiative has room for addition and expansion to bring in even more business income.
While currently run by a husband and wife team, with all business profits being paid directly to the owners, the business could be fully managed by staff at a reasonable monthly cost.
The premises are on a 5 year rolling lease, all fittings (kitchen, WC) are of the highest European Standard.
Presently, the business does not trade on Sundays, but the growing full time and holiday English speaking market has created a great opportunity to open Sundays, and add the ever popular traditional Sunday lunches to the menu.
Outside the restaurant there are 4 tables, with the possibility of the entire external area being refurbished solely for pedestrian's in the near future, there will also be room for additional external seating.
The owners have added extensive new catering and serving facilities recently, and have agreed to leave these for the new owners at no additional cost, meaning the business really is a turn key solution to starting your own profitable and enjoyable business in Spain.
All paperwork is in place, and ready to transfer to the new owner.
Click Here To Contact Seller
|
|
