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Business for sale in Spain - Ac262-licensed bar in a prestigious port town of mallorca-mallorca, spain

Asking Price: 250,000 £ Real Estate: Lease
Sales Revenue: 1 £
Net Profit: 1 £
Year Established: 2000
Employees: 1PT
# of family members employed: Not Disclosed
Location criteria:
Spain/Balearic Islands/Mallorca

Business types:

Accommodation & Food services

Business categories:

Bars & Taverns ; Other Accommodation & Food Services

Business description

this popular and busy contemporary bar was founded by the vendors after they travelled to the area on holiday.  this busy port town in mallorca is a popular destination for the rich and famous and the bar has become the venue of choice due to the substantial investment and innovative input from the vendors.  since its opening the bar has become a well known and respected  destination venue with a reputation for the quality of its cocktail and drinks selection and stylish environment.

the bar has a loyal following of both locals and regular visitors to the island.

the bar could  also enjoy revenues from catering for parties and other special events.

this successful business offers customers an opportunity to spend time enjoying a discreet drink in a relaxed and stylish atmosphere, from a comprehensive menu of the highest quality beers and wines and impressive cocktail list. the bar has a late night music as well as dancing and karaoke.

this business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of the current volume of custom and expanding the food offer through the bistro.  the bar also limits the current trading hours so an extension to this would also benefit the sales and profit.

the business is further supported by exemplary relations with key suppliers who have helped to ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service, this has lead to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.

customer service

the vendors consider simply that happy customers come back and on that basis have maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the reach of its reputation.

key strengths
 

the business is well established with a strong, growing customer base managed by a comprehensive and sophisticated blend of management expertise and service commitment. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done since opening.  the bar has earned an outstanding reputation for its quality service, reliability, sophisticated and stylish atmosphere, value for money and experienced staff.
the quality of the location cannot be overstated since it is a key differentiator in the marketplace and a considerable asset, it is also responsible for the high visibility and the attending passing custom bringing unique first time visits on a regular basis.

Additional information

Additional information: Not Disclosed
Support & training: The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Reasons for selling: Needs a fresh injection of energy and enthusiaism from a new owner.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Not Disclosed
Location: The welcoming, comfortable and contemporary Bar currently occupies a prominent ground floor, street level unit just off a main road with visible signage and available town centre parking, which allows for an open and inviting entry to this stylish and successful Bar. There is also the added benefit of a substantial 3 bedroom owners flat above the bar which boasts a balcony, sun roof terrace and hydrobath.

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