Asking Price €750,000 Freehold
This is a very rare opportunity as there is not many bars for sale that are freehold, it is one of the longest established sports bar in the popular Los Boliches area of Fuengirola. This is an exceptional opportunity to purchase a freehold successful bar business in one of the world's most popular holiday destinations.
This thriving well known bar has been in business for more than 20 years, and to this present day has only had three owners since 1950. The bar is situated between two very large hotels and it's open 365 days & nights of the year and attracts a truly international regular clientèle, being especially popular with the British.
Apart from the steady local residence trade, the bar also attracts regular repeat tourist. The freehold bar also comes with its very own separate spacious apartment, (situated above the bar with its own entrance). The bar is very close to Los Boliches railway station, shops and the 7 Kilometre beach.
The bar is currently trading and the owner will continue to operate it until the sale is completed. This means that the new owner can start earning immediately with an existing clientèle.
The Bar sale represents an exiting investment opportunity for the new owner who can decide to either operate the bar a going concern or place it on the market as a leasehold bar. This bar could realistically expect to fetch more than 100,000€ for a ten year lease and an additional monthly rental of 1600€ (which would increase annually in line with inflation). Assuming an annual inflation rate of 3% this would bring in well over the amount in rent over the ten years, the apartment would also obtain a leasehold and rental.
Freehold bars for sale are relatively rare, especially those which have a long and successful history. Therefore, opportunities like this do not come along very often.
The bar is being sold fully equipped. The equipment includes two pizza hot plates, tapás refrigeration display. There are fridges and freezers as well as an ice maker. The bar is also connected to Eurocable TV, and has its own satellite dish system, with sports events from all over the world. The sale includes all of the TVs and Karaoke and sound system.
The bar is a very generous 96 square meters inside with seating, and has a small seating area out front. It has two W.Cs (in accordance to the disabled building regulation). The bar is fully air conditioned (four units) and has a vented fan (from rear to front) for ventilation.
The bar comes complete with its own website and domain
The apartment is also 96 square meters and has two double bedrooms both en suite, there is a generous lounge with a fire place, fully fitted kitchen. There is a patio outside with a full BBQ.Above the apartment is a roof top terrace and a small office, accessible from the main bedroom(could obtain planning permission for extra bedrooms). Air conditioning in the lounge, main bedroom, and secondary bedroom.
Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.
Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.