Popular Sports Entertainment Bar In Costa Teguise Lanzarote For Sale

Business description

This is a fantastic opportunity to invest in a popular and well established sports and entertainment bar in Costa Teguise.

This popular bar is not only popular with tourist but also locals who go there every week to have relaxing social drink or go down to watch either the sporting events or the nightly music and entertainment. This bar has a full music licence which enables the bar to legally provide live music and shows on a nightly basis with the full backing of the local authorities, which these days is a rarity.

Not only does this bar have a huge lounge with seating for 65 people, it also has its own seperate sports lounge consisting of two pool tables where the owner receives 50% of the overall takings, a modern darts board and televisions to show the live sports events.

The main bar area consists of seating for 65 people witha large L shaped bar, a fully finctional kitchen providing everything from bar snacks to a full Sunday lunch, 4 televisions, one of which is a huge 96" projection screen, 3 different satellite systems ensuring that all events can be covered, and a full Karaoke and sound system, all this is topped off by a fully functioning air conditioning system which keeps the clients cool during the hot sunny days.

The owners are looking to sell due to the birth of their daughter, but would also consider a 50% partnership for offers in the region of 65.000 Euros.

Property information

Location:

In the heart of the resort of Costa Teguise, Lanzarote close to nearby hotel and apartment complexes

Size in square feet:

400

Business Operation

Reasons for selling:

Birth of their Daughter

Trading hours:

9am - 2am

Employees:

3

Years established:

5

Other information

Furniture / Fixtures value:

€40,000 (included in the asking price)

Inventory / Stock value:

€2,000 (included in the asking price)