Location:
Andalucia (includes Costa del Sol), Costa del Sol, Fuengirola
Business Type:
Entertainment & Leisure businesses
Asking Price - Price on Application
• Established Amusement Arcade/Salon de Juegos
• Within Large Cafe Bar (120 Covers)
• Fully Licensed at Local and Regional Government
• S.L (Limited Company) Sale
• Full Permission for 7 Additional Arcades Throughout the Local Area
VIRTUAL TOUR AVAILABLE ON REQUEST
Opening Hours -
6 Days: 9.00am - Close (2.00am)
Sunday: Closed
(Licensed for 7 days 6am - 2am)
Ground Floor -
Full width terrace to front offering 80+ covers with retractable canopies and side covers. 2 sets of double entrance doors to either side of centre with 2 serving hatches through to rear of bar area. Inside seating for approx 30 in cafe area and at front of bar which is positioned centrally along front wall and finishes at either end just short of entrance doors. To far right is fully commercial kitchen area with access to rear and servery front. Separate ladies & gents disabled friendly toilets at left. Internal swing doors to separate gaming room from cafe area with total of 14 fruit machines offering upto €1800 jackpots. Seating for an additional 20 within this area. Self contained & secure change kiosk in addition to wall mounted change machine. There is a separate store-room in adjacent building used for keeping furniture and equipment but is NOT included in rent, this arrangement can be available to new owners and currently costs €200/pm.
This is a very outstanding and very rare opportunity as businesses such as this seldom come to the open market. Established over 5 years now and it the heart of Fuengirola which remains one of the Costa del Sols´ busiest year round resorts. Very densely populated, the town fills to bursting point curing the busy summer’s months.
A business of two halves, the most important is the spacious gaming area. Licensed for 40 machines and with jackpots upto €1800, standards are similar to the UK with regulated payouts of around 73-79%. Always busy and with all machines owned rather than rented or split, this is an extremely lucrative aspect of this business. At least equally important is that the licences held allow new owners to open upto 7 more arcades within the local administrative regions. This reach is the best indication of the extent to which this business can be developed by those seeking an unrivalled investment opportunity.
As important as this all is, the cafe bar should not be overlooked either... The large front terrace accommodates 80 comfortably and the immaculately presented interior offers an additional 50 covers. A fully fitted commercial kitchen currently offers a range of snacks and main meals and is served by an equally well appointed drinks bar. An additional attraction is that all activity, equipment & machines are controlled and owned by the S.L Company (similar to a LTD company) and the company name is also included in the sale.
Our clients have other business and family commitments which force this reluctant sale. The rent is very reasonable given the location this business enjoys with high footfall attributed to the large supermarket opposite. The numerous retail outlets and offices nearby and the high proportion of permanent residents in the immediate area. Very good turnover with high GP and nett profit, the further potential offered makes this a very well priced investment opportunity.
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