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*Reduced!* Popular Restaurant In Torremolinos For Sale

Torremolinos, Malaga, Spain
Asking Price:
€37,950
Sales Revenue:
Available on request
Cash Flow:
Available on request

Lease Price: Now 37,950€ originally 47,950€
Monthly Rent: 1,500€ + iva

This recently redecorated, large and popular restaurant is located within seconds of the beach, holiday lets, residential properties and 3 hotels… directly opposite is the largest of the three! The 5 year renewable lease is being sold directly from the freeholder who has requested Bars Abroad to find a suitable tenant.

The air conditioned interior measures approximately 120m2 and have 10 tables that can seat 40+ customers including on high stools at the bar. Recently redecorated to offer a traditional yet bright and modern Spanish theme. There is a large main serving bar area with plenty of rear shelving for the display of spirits, wines etc. The kitchen area is equipped to cater for most styles of cuisine including plancha, 3 gas burner hob, oven, pizza oven plus much more. Importantly there are also disabled friendly toilets which have also been recently reformed.

The terrace area measures approximately 35m2 and has a retractable roof. There are a further 10 tables which can seat another 34 customers. Please note the freehold is also available for 399,950€.

This popular restaurant comes fully furnished and equipped and is one of our turnkey opportunities in Torremolinos. We invite you to browse through the photos however, to get a better understanding we advise all serious buyers to contact us to arrange a formal inspection of this popular and established restaurant.

*** Bars Abroad are commercial estate agents on the Costa del Sol. We have lived, worked and owned bars for over 20 years combined. More importantly we only recently sold our bar to concentrate on helping others like yourselves by passing on our wealth of knowledge and expertise within the commercial market here in Spain.

Our service to you is honest, trustworthy and unique. No other Commercial agent can claim to have recently owned a bar and therefore be fully aware of all the legalities, the mistakes and potential pitfalls to avoid and the true costs and expectations of running a bar. We know who the best suppliers are and we have an inclusive list of reliable tradesmen all of which are passed on to our clients as part of our service.

Our English speaking legal team are here to offer you a professional service making sure you are legal and licensed in accordance with Spanish law regarding the purchase of your business and that all licenses are in place prior to opening.

All of this is supported by our unrivalled after sales service. We know the moment you receive your keys for your business, this is when you really need help. More often than not, this is when most agents help goes missing as they have received their commission and you are no longer making them money!
Bars Abroad 110% oppose this as we know you really need our help Remember we have recently been that new owner! We will stay with you and guide you for as long as you need us no charge. In fact throughout all of our time working for you, you will never pay us a cent as it is the seller who pays our commission.

If you are serious about buying a business here in Spain, please contact us today to find out how we can give you the best start possible with your new life in the sun! ***

Property Information

Real Estate:

Lease

Lease Terms:

This business is offered on a 5+5 year renewable lease contract.

Leasehold Rent:

€1,500 per annum

Living Accommodation:

Bars Abroad will always help their clients to find suitable living accommodation. We are in contact with many rental companies in the area as well as established real estate businesses who sell properties within our clients areas and budgets.

Location:

located within seconds of the beach, holiday lets, residential properties and 3 hotels… directly opposite is the largest of the three!

Premises Details:

- 5 year Lease.
- Great location.
- Direct from owner.
- 120m2 interior.
- 10 tables seating 40+ customers.
- Air conditioning
- Disabled friendly toilet.
- 35m2 terrace.
- 10 tables seating 34 customers.
- Retractable roof.
- Furnished and equipped.

Size in square feet:
The interior is approximately 120 m2 and the terrace area is 35 m2.

Business Operation

Competition / Market:

Because of the busy location, this business has a variety of competition from bars, cafes, restaurants, and other businesses and provides the new owners with a trading business that has plenty of potential.

Reasons for selling:

The owners of this business have decided to sell to concentrate on other business interests.

Trading hours:

This business is licensed as a restaurant, which allows the operational hours to be from 7am to 2am Sunday to Thursday and 7 am to 3 am Friday, Saturday and bank holidays.

Employees:
This business is ideal for a couple or business partnership.
Years established:
2 years

Other Information

Support & training:

We offer a full support package that is not only free of charge it is the envy of our competitors! We will arrange meetings with local suppliers and be present at those meetings to get you the best deals and offers that is possible. In short we will be there with you and for you long after you open the doors for the very first time. We know more than anyone how important it is to have that support and we are there for our clients 110%... and will continue to be, there is no time limit!

Contact Bars Abroad

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