Bar For Sale in Fuengirola, Malaga
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Description
This quite unique and special little drinks snack bar is offered direct from the freeholders who have owned the bar since 1987. Along with the bar there is a good sized storeroom close by included in the price and very valuable for easy reach top up stock. At this price it would be a sound investment for an owner operator or for an investor who could sell the lease at circa 46.000 euros and receive a monthly rental of about 750 euros plus automatic transfer fees.
The bar itself has a long history of solid trading as a British snack bar, easily run and benefiting greatly from its close proximity to the Fuengirola market ground which creates a massive boost to income twice a week from the hoards of tourists and locals visiting the Tuesday market and huge Saturday car boot sale. The bar is also positioned at the entrance to an upmarket 400 home urbanisation where a lovely courtyard terrace area has seating for 24 plus customers and is a natural extension to the compact interior space and a major draw for the local residents to meet with friends and neighbours. The sellers say that the bar has served as almost a social club for the local residents who have to pass the bar on their way out and for that night time tipple before going home.
The bar carries the latest bar license and is a turn key operation, offered fully equipped. Average yearly turnover during the freeholders occupation was circa 70.000 euros per annum for 11 month periods with a high gross profit and excellent net, offering a good living to a professional owner or tenant with a nice clientele. Sensible working hours in a very pleasant area.
The freeholder is also offering a private repayment plan of 99.000 euros as initial payment followed by 925 euros per month over 5 years or 675 euros over 7 years.
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