Karaoke Music Bar In Playa Blanca For Sale

Business description

Lanzarote Business Sales is proud to be offering the only dedicated karaoke and fun pub in the resort of Playa Blanca. Established for over 11 years this bar benefits from a huge local (reps and residents trade) as well as the tourist trade on top. Situated in the well established commercial centre Punta Limones just to the West of the main town next to the harbour.

This bar is enviably run by a single owner and can demonstrate a high profit level with full accounts available to serious buyers. The bar opens six days a week from 9pm to 2:30am and so the owner benefits from only working a 32.5 hour trading week. The bar operates a bar service policy and so only the owner and a DJ work in the business meaning that there is a high profit level from the low running costs.

Fully equipped and having completed its full licence paperwork this bar comes with smoke extraction, sound proofing, closed in terrace area, air-conditioning and double porch doors (essential for a full music licence). Being a dedicated karaoke bar there is a full PA system, radio microphones and more specialist equipment that is included.

Property information

Real Estate:

Lease

Lease terms:

A new renewable five year lease is included with the sale of this bar.

Location:

In the central square of a well established commercial centre in Playa Blanca, Lanzarote.

Other information

Competition / Market:

There are NO other karaoke dedicated bars in the resort as this bar has been doing karaoke now for over 11 years.

Support & training:

The existing owner is prepared to show the new owner(s) the running of the bar in any way they need.

Reasons for selling:

Having run the bar for a number of years single handedly and having generated a decent level of profit the owner has decided that they would like to take things a little easier.

Trading hours:

8:30pm - 2:30am

Financing available:

None

Furniture / Fixtures value:

€15,000 (included in the asking price)

Inventory / Stock value:

€1,500 (included in the asking price)