Highly Profitable Seafront Bar Restaurant Costa In Teguise Lanzarote For Sale

Business description

OPEN TO SERIOUS OFFERS!!!!

NOT TO BE MISSED!!!!!! THIS HIGHLY PROFITABLE BAR IS AVAILABLE FOR A BARGAIN 110.000 Euros.

Based on current figures the new owners should receive a return on their investment well within 2 years!!!!!

The owners of this bar are interested in selling their well run frontline Irish pub and are looking for serious investors that are here or have planned visits to the island. This is probably one of the best bars in the area with its spectacular sea views and friendly atmosphere its certainly popular amongst tourists and locals alike.

Full trading accounts with good demonstratable profits will be shared with much more information to serious interested parties. If you are considering a bar here in Lanzarote then this one is a must!!!!!!.

With fantastic Sea views and a high footfall this bar has continued to do well even through the harder times of the recession, in fact over the last 2 years to the year ended December 2011the owners have seen a steady increase in turnover, and because of this they are considering increasing the asking price. although for now they would accept the asking price stated above. Coming fully equipped and with unique decor for a bar here in Lanzarote this is certainly an opportunity not to be missed!!!!

Property information

Real Estate:

Lease

Lease terms:

5 years

Leasehold rent:

€24,000 per annum

Location:

Located on the seafront in the heart of the resort fo Costa Teguise, this bar restaurant benefits from the high footfall from near by hotels and apartment complexes, whilst at the same time having a large repeat trade and popular following.

Business Operation

Reasons for selling:

Retirement

Trading hours:

6am - 2am

Employees:

2

Years established:

15

Other information

Furniture / Fixtures value:

€85,000 (included in the asking price)

Inventory / Stock value:

€5,000 (included in the asking price)