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European Restaurant And Late Night Music-sports Bar For Sale

Mijas -Costa, Malaga, Spain
Asking Price:
€40,000 Inventory / Stock included
Sales Revenue:
€250K - €500K
Cash Flow:
Not applicable

Two totally separate businesses, but in the same fantastic location in Mijas Coasta bordering Marbella . Next door to each other the leases are offered direct from the same freehold owner.
Each business has its own 10 meter frontage on the main boulevard of the large urbanisation Sitio de Calahonda.
With separate licences the businesses can be puchased individually with the lease of the restaurant being 40000€ and the Music - Sports bar 30000€ or jointly for 65000 €.
The leases offered are lifetime leases,a type of lease rarely offer as it does not involve any further lease payments after a duration of time and is transferable.
The English freehold owner has over 40 years of successfull business experience on the Costa del Sol , owning these freehold premises since 1986 and will advice on all aspects of running these businesses should the new owners require it.

THE RESTAURANT Opened in April 2014 as a European restaurant under the business management of the freehold owner. Even then with the possibly misleading name of “The English Garden Restaurant”, this business was an immediate success. Initially and only by word of mouth recommendation ( business cards were not ready nor was the website up and running), due to the location the restaurant was busy every night of the week with the clientele being mainly residents and second home owners of all nationalities.

Four years of high standards in both menus and service throughout the year (closed November/early December for 6 weeks) placed the restaurant in the top 3 of Mijas Costa. Even Tripadvisor, where many restaurants self opinionate for high rankings, had the The English Garden Restaurant at No.5.
The restaurant opened six evenings a week throughout the year and Sunday Lunch during the winter months of December to May.
The year round fulltime staff being the Chef, a sous chef and an assistant in the kitchen with a front of house/waiter and a second waiter on the floor.An addditional part time waiter was used when the restaurant was fully booked in advance.

Due to the Government legislation to fight the Coronavirus, the restaurant, as with all others in Spain, was closed on the 12th March 2020. The restaurant has remained closed and a lifetime transferable lease is now offered by the freehold owner to new owners with proven experience in the hospitality industry.

The restaurant has a floor area of 145 m2 ,3 phase electric and air conditioning ,is ready to reopen, it only requires the new owners personal touches, their restaurant theme and their expertise.

The freehold owner is looking for lease owners with the experience to achieve the success that a well run restaurant in this location will bring. To help the new tenants re-establish this well known Restaurant with their own menus and personality I am making this unique offer to the right people:

A lifetime lease is now only 40.000 € ( independently valued considerably higher ).
The only additional payment is a refundable guarantee of 7.500 € and 2,500 € for the first months rent in advance.

Every assistance and advice possible will be given to the new owners.
A Google search of “The English Garden Restaurant Calahonda“ will bring up historic information of interest to potential tenants.

A totally separate business that adjoins the restaurant is also offered for lease by the owner. This Music /Cocktail/Sports Bar was also closed due to the government order .
A Google search of “The Loft Bar Calahonda“ will again bring up historic information of interest.
A life time lease for this seperate but adjoining business is now only 30.000 € ( indipendently valued considerably higher ) .The only additional payment is a returnable guarantee of 7.500 € and 2,500 € for the first months rent in advance.

The Music/Cocktail /Sports Bar Licensed area is145 m2.
In addition their is a basement area of 200 m2 which is at present only used for storage but could ,after obtaining the correct licence, be used for commercial purposes.

Totally refurbished, stocked and ready to open tomorrow.
It is totally soundproofed to comply with its "Bar with Music" license.
It is fully air conditioned/heated and has 3 phase electricity.

The businesses may be purchased separately at the prices indicated or both together for a lease price of 65.000 € plus a returnable guarantee of 15.000 € and monthly rent of 5000 € with one months rent in advance .

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Life Time Transferable

Living Accommodation:

Niether The Bar nor the Restaurant have living accommodation but there is a good choice of rental accommodation close at hand with two bedrooms and community gardens and pool from as little as 500 € per month for a long let.

Location:

Both the businesses are double fronted and lead directly onto the Main boulevard, Urbanisation Sitio de Calahonda. This urbanisation is one of the largest on the Coast and is heavily populated the year round . The residencial population is mainly Spanish, British and Scandinavian whilst the tourists are mainly from Europe, Scandanavia and the British Isles.

The restaurant is double fronted on the main walkway down to the beach which is approximately 650 metres away.

Premises Details:

Fully licensed in accordance with all 2021 rules and regulations. The Restaurant has 145 square meters all at ground level. It consists of storage room, toilets (including disabled), fully fitted commercial kitchen, 3 dining areas and a bar. Its double frontage has sliding glass doors. It has 3 phase electricity and is air conditioned.
The Bar has 145 sq,mtrs. at ground level and another 200 sq. mtrs. of basement.

Size in square feet:
Total Properties 5274 sq.ft.
Planning Consent:

Both businesses have individual opening Licences that cover all up to date legislation.

Business Operation

Expansion Potential:

The restaurant has enjoyed sufficient income in only opening 6 evenings a week year round and Sunday Lunch in the months December to May.

However a lunch time clientele could be built up with little additional staff and even a breakfast trade as only 1 other food outlet in the area is open before midday.

The Bar has mainly been open as a late night venue ( special licence allows opening till 3am during the week and 4am atbweekends ) but has a vast potential for business during the daytime hours

Competition / Market:

As a restaurant with a European/Mediterranean menu it has little competition but benefits from clientele initially drawn by the surrounding Indian, Chinese, Italian and Spanish restaurants and bars. A recent study carried out by the freehold owner indicates that the original concept that was immediately very successfull (fine dining) could be altered to include smaller portions (Tapas) on the menu but still keep the quality and variety.
The Bar with its special licence and soundproofing has no compitition.

Reasons for selling:

The purchase of the lease is direct from the freehold owner.

Trading hours:

The Restaurant license allows opening from 8am till 2 am.
Past trading has only been 6:00 pm till 1:00 am Tuesday to Sunday with a 1:30pm to 4:30pm service on Sundays from December to May.
The Bar 12 Lunchtime to 3am or 4am

Employees:
0
Years established:
Restaurant 6 . Bar 10.

Other Information

Support & training:

The freehold owner is looking for a new tenant/ tenants who would create the same level of success previously experienced and to this end would offer all the help, advice and assistance necessary.

Financing available:

To be arranged by purchaser.

Business closed / Asset sale:
Yes

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