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Asking Price$380,925
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Licensed Bar in a Prestigious Port Town of Mallorca
Established in prime Port location
Location Mallorca, Spain
Asking Price £ 250,000
This popular and busy contemporary Bar was founded by the Vendors after they travelled to the area on holiday. This busy Port Town in Mallorca is a popular destination for the rich and famous and the Bar has become the venue of choice due to the substantial investment and innovative input from the Vendors. Since its opening the Bar has become a well known and respected destination venue with a reputation for the quality of its cocktail and drinks selection and stylish environment.
The Bar has a loyal following of both locals and regular visitors to the island. The Bar could also enjoy revenues from catering for parties and other special events.
This successful business offers customers an opportunity to spend time enjoying a discreet drink in a relaxed and stylish atmosphere, from a comprehensive menu of the highest quality beers and wines and impressive cocktail list. The bar has a late night music as well as dancing and karaoke.
This business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of the current volume of custom and expanding the food offer through the bistro. The Bar also limits the current trading hours so an extension to this would also benefit the sales and profit.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service, this has lead to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.
Facilities:The welcoming, comfortable and contemporary Bar currently occupies a prominent ground floor, street level unit just off a main road with visible signage and available town centre parking, which allows for an open and inviting entry to this stylish and successful Bar. There is also the added benefit of a substantial 3 bedroom owners flat above the bar which boasts a balcony, sun roof terrace and hydrobath.
Competition:The Vendors have invested significantly and successfully in the establishment of a well known brand and used advertising only sparingly, as a high proportion of the business`s revenue has been due to its prominent position, excellent reputation for quality and service and strong word of mouth recommendation. There are excellent opportunities to increase this activity and market the business more aggressively to significantly increase turnover.
Growth Potential:The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of any growth as it occurs.
Training/Support:The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.
Sale Reason:now needs a fresh injection of energy and enthusiaism from a new owner
Ad #72451
Seller Reference #AC262
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Contact This Seller
Turner Butler
0044 1895256000
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