Business Summary

Restaurant & Entertainment Venue Same Owner 14 Years

THE FIRST YEARS RENT IS FREE, AFTER THAT IT WILL BE €1650 PER MONTH.

The current owner of this very busy bar in Alcudia has been on the Island since 1994 and this property has never before been on the market, which shows just how busy and profitable it is.

Situated slap bang in the middle of surrounding hotels it is one of, if not the busiest Restaurant with a Music License in this resort, frequented by holidaymakers year on year, it caters for the early morning breakfasts and daylong food in the rear eating area from 11am – 3pm, from the fully equipped and operational kitchen.

There are no meals served during the evening opening hours which are normally 9pm – 2am as the bar area is specifically built for entertainment, with seating room for 250 with overall space for 400 hundred people (sitting and standing). The bar has a resident DJ with a full music system that complies with the local legislation, with full double glazing sound proofed area and there are also facilities for family and sports entertainment in the vast sitting and bar areas of these premises.

The premises has recently been fully re-wired to latest specification encased wiring etc which feeds all the equipment, lighting etc, including the 8 TV’s 1 large screen, DJ Station and Music System.

The current owner has other interests in the resort and he will be staying in the resort and has stated that he would be happy to work alongside new owners to ensure a smooth handover and carry out introductions to all the suppliers he has built up a very good trading history with.

A full 10 year renewable lease is available and in addition there is a 2 bed apartment that can be leased separately or used for staff accommodation by the new owners. Current working the months of April till Nov this restaurant has consistently returned good profits for the current owner and there is no reason it would not for any new owners, in fact this is a genuine opportunity for someone to take over and run in exactly the same way as the current owner, or alternatively, someone with a different outlook or vision could take this on and over time add their own personality to this already successful business.

Serious enquires only please, proof of funding will be required at an early stage from any prospective purchasers.

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