Total of 18656 firms and businesses for sale today Saturday 27th April 2024
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Commercial Property For Sale. Fantastic Sports Bar - Lanzarote - Freehold

LISTING DETAILS
Firms For Sale ID:
13792
Vendor reference:
LBS 22
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
€350,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
14
Trading hours:
6AM - 2AM

OTHER DETAILS
Reason for selling:
Personal
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This fantatic sports bar is being offered for freehold sale. Established for over 12 years this bar is widely recognised in the resort by locals and many tourists that come back year after year to Costa Teguise on holiday. The owners work in the bar and this is most obviously shown with the fantastically designed compact kitchen and the practical and space saving ideas that the owners have done to maximise the space.
The bar just doesn’t stop with food and football and also has many entertainments evenings, a pool table, a playstation and even (keeping up with the trends) a Nintendo Wii. Income wise the bar not only receives money from the pool table, but has a payphone on the bar, an internet PC, a bar top games/quiz machine and kids balls machines – all of which generate a nice side income and provide the families with a distraction for the younger visitors.
Get in contact with us today to receive more information about this business and our unique services.

Expansion Potential
The business has been created as two SL (Spanish Registered) businesses, the sale includes both SLs. The first SL owns the building and the second SL owns the bar operation this allows any new owners to sell the traspaso (estimate €150,000) and receive a regular rental income (estimate €2000 per month) if they were looking for an investment business rather than to operate the business themselves.