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One Of The Best Known Bars In Mallorca For Sale

Can Pastilla, Mallorca, Spain
Asking Price:
€125,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€270,000
Cash Flow:
€75,000

***** The final reduction for quick sale, reasonable offers in the region will be entertained ******

A unique front line bar opposite the marina in Can Pastilla, it has been in operation for many years, currently for 23 years with the same owner who now wishes to retire.

Always been run as a night time bar from 19.30 to 03.00 am in the summer and from 18.00 to 02.00 through the winter months. The popular coastal cycle path from Arenal to Palma passes right by the bar so there is the potential to open during the day especially with 2 beaches and a car park only minutes away. There are approximately 12 hotels and numerous holiday apartments nearby.

The bar is popular with all nationalities and different age groups. It is situated very close to the airport which is handy for the airport staff to visit after their late shifts. Popular in the summer with the tourists and in the winter local islanders drive to enjoy the warm and cozy atmosphere that the bar offers, especially at weekends to meet up with friends. It has its own unique style influenced by several different cultures with an Asian and Moroccan feel. Split into 5 zones including the front terrace and a secluded garden at the rear with cabanas and bench seating. It totals 160 sm with a capacity for 80 - 100 people, it also offers a small but interesting food menu prepared behind the bar, popular cocktails and also offers table games.

Dependent on if you wish to run the bar yourself it can be run with minimum staffing, currently it has 4 female international bartenders/waitresses working various hours and 1 cleaner who also accepts the deliveries.

The bar benefits from a low rent.

The bar also has a well maintained website with embedded video

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

Property Information

Real Estate:

Lease

Lease Terms:

Currently indefinite, negotiable with owner.

Leasehold Rent:

€10,800 per annum

Location:

Main street opposite beach and marina.

Premises Details:

Perfect location near beach and marina, surrounded by hotels, busy all year.

Business Operation

Competition / Market:

Nothing similar in the area.

Reasons for selling:

Retirement.

Trading hours:

Summer 19.30 - 03.00 & Winter 18.00 - 2.00 flexible.

Employees:
Currently 5
Years established:
Many.

Other Information

Support & training:

Will do a handover if required.

Furniture / Fixtures value:
€5,000 - included in the asking price
Inventory / Stock value:
€5,000 - included in the asking price
Website:
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