Sea Front Cafe Bar & Restaurant For Sale

Business description

The cafe is an extremely successful and thriving business which has a strong local trade, as well as an excellent tourist trade, both of which are all year round. The bar can easily be run by 2 people all year round, though an additional person is beneficial during the summer season ( April to October) as this is a very busy cafe / bar in a much sought after front line position.The bar and kitchen come fully fitted and is being offered complete with all equipment included in the price, including: Top quality industrial gas cooker with oven and plancha (griddle), microwave ovens, toasters, sandwich toasters, freezers and fridges, chiller cabinets, coffee machine and all crockery and utensils etc.Stock at time of sale will also be included. Everything there for you to walk straight in and start trading!! The property is a magnificent 250 year old front line building with lots of original features such as beamed ceilings and natural stone wall, as can be seen from the pictures. Outside are 3 tables seating 12 people and inside the cafe has 3 areas, all leading into each other. First, a beautiful conservatory with 5 tables and seating for 18. With it's beautiful views of the bay, it also benefits from the fact that it is cool in the summer and warm in the winter. unlike a lot of the bars and restarants in the area, where the terrace outside is only is only of use on hot and dry days as any sign of wind or rain and they offer no protection, our conservatory provides a comfortable environment in the winter, with stunning views enabling trading all year round. Second, inside, a beautiful intimate eating area with seating for 21, although there is ample space to seat more if required. With it's natural stone wall and "Bistro" style decor, it is a favourite with both locals and tourists alike. And 3rd, there is also a bar area with 6 bar stools where clients can enjoy drinks or cocktails before or after a meal, or just enjoy a drink.And beyond that,a fully fitted kitchen .The cafe, and Altea in general, benefits from a large number of day trippers also, as it is a short bus or train ride (approx 9 Km) from both Benidorm and Calpe. Altea really is very cosmopolitan and as such, one of the great benefits is that due to the large number of nationalities, you find a vast number of people, including the Spanish, speak English also, which obviously makes things a lot easier. Being a town, it is also very residential which assures a good all year round trade, and not just summer season. In fact, large numbers of British, Dutch and Norwegian customers live here in the winter months, only going "home" for the hot spells in July and August.The cafe / bar is offered with a current 7 and a half year lease, with the option to renew. Please note that when you renew, you do not have another lump sum payment to make, you are merely extending the lease period and only continue with the monthly rental. The lease comes with the added benefit that should you wish, at any time during the lease period, you can sell on the lease. (Also, bear in mind that should you sell on the lease at anytime, the sale price will reflect current market prices at the time so you are not tied to selling on the lease for the price you originally paid and could therefore sell on and make a profit on your original outlay.) In order for you to realise the fabulous earning potential of the cafe, you obviously need to have an idea of costs and outgoings associated with running the business. To this end, when you take into account that the daily figure we need to reach as our"break even" point, which covers all our costs and outgoings on the cafe, is UNDER 95 Euros per DAY!!!!! , you can see just how lucrative it can be. Obviously during the summer season the daily takings figure is substantially higher than the winters.

EARLY VIEWING HIGHLY ADVISABLE
Absolutely Magnificent Front line Location.
all year trade
250 year old building
Thriving Business!!!!
A real chance to escape to a new and rewarding lifestyle.
The bar is being offered with a current 7and a half year lease* with the option to renew.Main Items

Seats Outside - 12/16

Terrace - yes

Seats Inside - 20 + 18 in Conservatory

Wash Rooms - 2

Bar Items

Drinks Cooler - yes

Coffee Machines - yes

Sound System - cd player

Air Conditioning - yes

Kitchen Items

Freezers - yes

Pots and Pans - yes

Extraction - yes

Equipment - yes

Storage Area - yes

Dish washer - yes

Property information

Real Estate:

Lease

Lease terms:

Price: 79,950 € Leasehold A ONE OFF PAYMENT

Deposit: 3,400 €

Current Monthly Rent: 1,454 € Plus 16% (I.V.A.) V.A.T.

Length of Lease: 7.5 years

Location:

SEA FRONT FRONT LINE-MAIN ROAD

Other information

Support & training:

YES

Reasons for selling:

AS ABOVE

Trading hours:

SELECT YOUR OWN

Financing available:

NO