Business description:
 PRICE REDUCTIONA beach side Café / Bar is for leasehold sale on the main Palma beach of Playa de Palma. It is situated opposite the beach and very near the Aquarium. The beach stretches for four kms from Palma to Arenal and is a busy promenade. This beach is busy all year round with visitors and locals alike. It is similar to Santa Monica beach in Los Angeles where people use the sea front for cycling; skating, running and all manner of keep fit pursuits. The beach itself is always busy with swimmers, sunbathers and families enjoying the beautiful resort.
The Café / Bar was renovated last year and is newly decorated for this season. It is fitted with Wifi, internet access, satellite TV system with a large pull down screen and a music system. There is a small kitchen which is used to prepare the snack menu that the bar currently serves.
This Café/Bar is a sound business and an excellent starter bar. The situation on the edge of Palma city centre means that there is business in the winter months. The current owners are returning to the UK and have been running the bar for one year. The books for the year are intact as are the licences. The price has been based on the location, high standard of refurbishment and the potential of the business which is not fully realised.
Leasehold (trespaso) price €57,200 plus monthly rental of €637 plus IVA.
Five year lease renewable.
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