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- Hugely Popular Bar + Accommodation in Magaluf For Sale

Sale Price:
€ 3,500,000
Referencia:
3491a
Tipo de Propiedad:
Commercial / Investment
Transacción:
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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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Referencia: 3491a
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Detalles:
This substantial business has many elements to it.  The main bar area is over 240m2, air-conditioned througthout, with traditional wooden bar and furniture, comprising upholstered 'alcove' seating and woooden tables and chairs.  While food is served throughout the bar, there is an area to one side of the premises, which is laid out in tables and chairs and has more of the 'dining room' feel about it and this area could be converted to a more intimate dining area or even a carry-out/takeaway business.  On the other side of the bar area, there is a DJ booth (the business has a much sought-after music licence, allowing music to be played up to 4am), along with two pool tables, an air hockey machine, dart board, games machines and multiple televisions.
To the rear of the bar, there is a large kitchen with a full range of equipment, including extractor, grills, oven, microwaves, fridge/freezers, fryers etc.  Behind this, there is a utility room with washing machine, double sink, stainless steel double fridge/freezers; a washroom and a storeroom.  A door leads out to a further outside storage area, for keg storage and ice-making machine.
Outside, there is a substantial covered terrace running the entire length of the bar and another terrace to the front - altogether around 200m2 of customer area.
Across from the bar is a further 120m2 of stockroom (which also could be modified to create another business) and, to the rear, is private parking space for at least 4 cars.  It is worth noting that there is also a public carpark to the rear of the business.
If this wasn't enough, above the business are eight double rooms, all with ensuite bathrooms, which would be used to house employees or let out to holiday makers, seasonal workers etc.
This business requires at least seven members of staff to work efficiently, as it is open from early on every day of the year.  The present owners have been running this business for the last 30 years and now wish to retire.
COMMENT:  This is a substantial business with enormous potential for development/amendment; however, 'if it ain't broke, why fix it?' comes to mind!  What is needs is someone with vision and boundless energy to take over the reins and the proposed investment into this resort will only serve to make this bar even more successful.
 
Other Details:
 This business is a complete three-in-one package offering everything required of a music bar/restaurant/nightclub in the centre of Partyland AND it's close to the beach.