Business description:
TRENDY BAR IN SANTA CATALINA - PALMA
A cool bar is available for leasehold sale in the small streets of Santa Catalina the heart of Palma's nightlife. Santa Catalina is the region of town that hosts an eclectic mix of locals from all over the world and the tourists that happen by the chic, yet bohemian heart of the City. The bar is small and discreet with a cosy room off the main bar area to chill out. The background music together with the full range of drinks makes this a popular stop on the Santa Catalina circuit. The bar has been in the hands of the current owners for almost three years and he is moving on.
The bar is furnished and equipped to a high standard and everything in it has been installed since the initial refurbishment three years ago. The lease price includes everything. The financial books are up to date and show a good living is made from this establishment. All licences and permissions are in order and this is a `turn key' operation. Complete the paperwork, pay the money and the bar is ready for you to operate.
The licence allows opening until 2 am on weekdays and 3 am on weekends and fiestas. Currently the bar opens from 7 p.m. to 2 am weekdays and 7 pm to 3 a.m. on Saturday nights, it is closed on Sunday. These hours are the owner's choice and there is room for a new owner to open earlier and include Sunday's in their opening hours if they wish.
The price is €88,000 for the lease (Trespaso) plus rental of €750 per month plus IVA.
The lease currently has 7 years remaining but an agreement has been reached with the landlord which allows the incoming owner to start his career in this bar with a full ten year lease.
The bar is an ALL YEAR business. The main trade is with the interesting locals and Mallorcan visitors to their capital City. This business does not depend on tourists although they are a welcome face at the bar.
Contact Sun Search Acquisitions for further information and an immediate appointment to view.
00 34 971 63 35 45
www.sunsearchacquisitions.com
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