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- Live Music Jazz bar for Sale

Sale Price:
€ 240,000
Rent Price:
€ 1,200
Referenz Nummer:
Commercial / Investment
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For the purposes of this calculation we have automatically entered 60% of the purchase price as the loan amount at an interest rate of 3.5% payable over 15 years, but please feel free to change any of the figures as you wish.

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Referenz Nummer: 3402
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Opening 8.30pm till late and FULLY LICENSED the only Live music establishment in the area and with the council now refusing any new applications this alone is worth some real money!
Small, but busy ‘Evening Bar’ in the heart of Palma City’s fashionable old quarter known as ‘La Lonja’ on ‘Apuntadors’,. the Cathedral, Borne, Paseo Maritimo, fishing port and yacht marinas are all within a few hundred metres.
Corner location to the centre of the “soho” style district in Palma, the best night spot in town! Near to a bustle of bars, restaurants, cafes and boutique hotels. Upon cobbled streets, among attractive terraced buildings offering a truly romantic appeal. The business is housed in one of the most dramatic of 16th century senorial buildings, with stone facing, clay tiles, beautiful high framed windows. Chic high class area.
Interior able to accommodate 50/ 60 + clients on low “pouf” seating plus some high stalls and standing room all benefitting a fabulous view of the stage area. totally refit in 2007, brand new bar, flooring, etc. No ‘happy hour’ half price beer drinkers here, this a cool chic well frequented venue known internationally.
Especially popular with the ‘yachties’ and local community including the British, Dutch, French, German, Scandinavians (just about everybody!), as well as the thousands of visitors who flock into this area for late entertainment, especially Friday & Saturday nights with the Spanish.
Decorated as one would imagine of a modern jazz bar, with dark slate tiled floors, a mixture of low level lighting, strobes and reflective mirror and chrome surfaces.
Bar area well equipped and designed (surprisingly spacious, taking up a nook to the rear of the bar) coolers, chillers, till system, music system, Hot & cold air-conditioning, etc. all included. Quality client WC´s also the rear.
The business thrives on its reputation of lead acts, quality drinks and of course nowhere else can you get this entertainment, this is no ordinary bar. Price is in reflection of the license and maximized earnings expected to continue on consistently 3 people needed to operate.
The business is owned by a consortium of investors, who develop venues, acts for performance arts. The bar was set up as a platform to demonstrate the acts and shows. Time has come to move on from this aspect of the brand expansion thus the business is now for sale. Name to be discussed as part of sale.
Other Details:
A truly iconic and well known “Jazz / Music bar” a little bit different to the norm. Featuring some of the best live acts available on the island, jazz, hip, blues etc.. playing every night in the season and 5 nights a week in winter, established as a bar for more than 40 years. The Bar has a loyal following of both locals and regular visitors to the island.