No Competition True Expats Bar In Tias Lanzarote For Sale

Business description

This bar is the only true English locals bar in Tias. Established in Feruary 2009 the owners have built up the reputation of this bar, and now benefits from a healthy repeat locals trade as well as a good regular tourist trade from holiday makers not only staying in Tias, but tourists also visiting the town from nearby Puerto Del Carmen and other resorts. Being the only English bar in the town this Bar is the main focal point for most of the ex pats living in the area, providing everything from a full Sky Sports to party and Karaoke nights, and is one of the few bars that would almost certainly provide a steady income throughout the year.

Located in the centre of Tias, this bar is close to all the amenities of a small town, and benefits from nearby residential property as well as the new apartment complex currently under renovation for the new golf course not even 5 minutes down the road. Its location is also central in terms of getting round the island, Puerto Del Carmen is a little over 5 minutes Drive, The Airport also 5 minutes away, Costa Teguise is a 20 minute drive, and Playa Blanca only 25 minutes away.

Property information

Real Estate:

Lease

Lease terms:

10 years

Leasehold rent:

€14,000 per annum

Location:

Located in the centre of Tias, this bar is close to all the amenities of a small town, and benefits from nearby residential property as well as the new apartment complex currently under renovation for the new golf course not even 5 minutes down the road. Its location is also central in terms of getting round the island, Puerto Del Carmen is a little over 5 minutes Drive, The Airport also 5 minutes away, Costa Teguise is a 20 minute drive, and Playa Blanca only 25 minutes away.

Premises details:

This bar is on the first floor, located in the very Heart of Tias Town Centre

Size in square feet:

180

Business Operation

Competition / Market:

Limited competition,as this is the only true English bar in the Town.

Reasons for selling:

Other Business Commitments

Trading hours:

10am-2am current
license from 6am - 2am

Employees:

1

Years established:

2

Other information

Furniture / Fixtures value:

€50,000 (included in the asking price)

Inventory / Stock value:

€1,500 (included in the asking price)