Late Night Music Bar In Puerto Rico For Sale

Business description

Recently refurbished music bar with 6:30am license in Puerto Rico.
Size: 150m² + Terrace: 100m² (approx) Rent: 3,500€/month Community charge: 466€/month

The bar is in one of the best locations in the Puerto Rico shopping centre on the first floor, clearly visible as you walk in from the beach side entrance.

Refurbished in 2010, and already a success, this modern, surfer themed bar / night club is already attracting a good crowd in Puerto Rico. The bar has bright, colorful decor enhanced by lots of big TV screens, 2 of which are dedicated to Wii and Play station consoles.
As well as a big dance floor, there are cozy seating areas and a terrace for during the day and early evening before the bar really comes into it's own. There are 2 separate bars to make sure everyone gets served quickly.

This is a very impressive looking bar, well designed to attract a young crowd, in one of the busiest parts of Puerto Rico. Well worth viewing.

Property information

Real Estate:

Lease

Lease terms:

This is a Spanish lease rental deal ("traspaso" or “venta industria”) in which you are buying the business (fixtures and fittings, stock, trading name & "goodwill") from the out going tenant and entering into a rental agreement with the owner for the use of the premises.
Standard terms are 5 years (renewable) Deposit: normally 2 months rent.
The rent fixed until June 2011, then goes up to 4,000€/month

Leasehold rent:

€42,000 per annum

Location:

Close to main entrance of shopping centre (beach end)

Premises details:

Huge bar comprising 6 units, 2 bars + ladies & gents toilets.

Business Operation

Competition / Market:

Lots! - it`s a popular shopping centre, but only 2 other bars of similar size.

Trading hours:

licensed until 6:30am