Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Licensed Bar In A Prestigious Port Town Of Mallorca Established In Prime Port Location

LISTING DETAILS
Firms For Sale ID:
29715
Vendor reference:
AC262
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
€245,000  
Turnover / revenue:
€300,000
Net profit / cashflow:
€100,000

OTHER DETAILS
Reason for selling:
The Vendors started the Bar as a retirement business after selling their previous company and feel they have laid the foundations for a first class establishment which now needs a fresh injection of energy and enthusiaism from a new owner.
Support and training:
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
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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BUSINESS DESCRIPTION
Licensed Bar in a Prestigious Port Town of Mallorca Established in prime Port location
Ref.AC262
Location Mallorca, Spain
Asking Price £ 199,950
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.

Market / Competition / Non-Competition Agreements
The Vendors have invested significantly and successfully in the establishment of a well known brand and used advertising only sparingly, as a high proportion of the business's revenue has been due to its prominent position, excellent reputation for quality and service and strong word of mouth recommendation. There are excellent opportunities to increase this activity and market the business more aggressively to significantly increase turnover.