Property Management In Lanzarote Pool Bar For Sale

Business description

ESTUPENDO offer this first class pool bar for sale as "Sole agents".
An absolutelty fantastic opportunity to run your own pool bar in the sun with fantastic sea views.The bar has been very sensibly priced and pool bars like this are very rare especially with a low rent and overheads.The bar has plenty of seating areas and a seperate area with pool table plus Gazebo.The bar has satellite tv for all sporting events and the kitchen has all new equipment to cater from snacks to main meals.The bar has the added potential of bringing in an extra income from the complex via commissions for property management for taking holiday bookings and car rentals etc.The bar is in a great location in the old town area of Puerto Del Carmen and at this price will not be available for long.The bar also benefits from passing trade and with a first class reputation and continued repeat customers on the complex.

The price includes a five year lease and all fixtures and fittings.This is a rare opportunity to escape the recession and enjoy a new life in the sun with your own easily managable business and the current owners have a genuine reason for selling.

Property information

Real Estate:

Lease

Lease terms:

Five year rolling lease with water/electricity costing on €35 per month for both!

Leasehold rent:

€600 per month/ 7,200 per year per annum

Location:

Located in Puerto Del Carmen on a complex with approx 60 apartments

Premises details:

The pool bar is well equipped and has a large terrace area

Business Operation

Expansion potential:

The property management side could be expanded if required

Competition / Market:

The bar has no competition

Reasons for selling:

The owners own a property and live in Playa Blanca and now want a larger business in Playa Blanca.

Trading hours:

From 10.30am untill 6pm on quiet days and 10pm if Football is being shown.You are allowed to open longer hours if wanted

Employees:

2 (easily ran by a couple)

Years established:

4 years

Other information

Support & training:

Full handover is agreed

Furniture / Fixtures value:

€44,950