Bargain Prime Location Sandwich Bar In Playa Blanca For Sale

Business description

For Sale Due to ill health

This fantastic coffee shop and sandwich shop is located in the heart of the resort of Playa Blanca, only one minutes walk from the Fred Olsen ferry terminal in Playa Blanca's busy port.

Located on the main road leading to the ferry terminal this shop benefits from extremely high footfall and being located in one of the two commercial centres in Playa blanca means that this business has also become a regular meeting place for tourists and locals alike.

Due to its location this business is extremely busy throughout the peak seasons and steady out of season, meaning that as the accounts will show on an escorted viewing that this business is extremely profitable. Being fully equipped with the latest catering equipment means that the new owners should have many years of service from the equipment without the need to change.

Currently only open till 4 pm in the afternoon this business would suit any couple or family that wanted to re locate to the island and live a fairly comfortable lifestyle whilst still having plenty of time to enjoy the life that they would like to enjoy. For those not satisfied with current levels of trade,this business also has many opportunities to increase levels of trade by opening longer hours, and providing different services. Currently the nearest food outlet, and the only other business in the area that does such things closes at 10pm at the latest, meaning there are alot of people who hit the bars later on looking for that all important late night snakck or kebab,
Certainly an oportunity not to be missed, and this one won't be round for long!!!

Property information

Real Estate:

Lease

Lease terms:

5 years renewable

Leasehold rent:

€12,000 per annum

Location:

This cafe bar/ sandwich shop is located just 150 Meters from the main ferry teminal in Playa Blana for the ferry to and from the near by island of Fuertaventra, and is in view of a majority of bars and restaurants in teh resort of Playa Blanca, benefitting from very high footfall.

Size in square feet:

60

Business Operation

Expansion potential:

Certainly potential to expand hours and size of menu.

Reasons for selling:

Family commitments

Trading hours:

9am - 3pm

Employees:

1

Years established:

1

Other information

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The current owners are prepared to accept an an initial payment of 20.000 Euros with the balance of the agreed amount to be paid within the next 12 months, with strict terms that all bills and rent is paid on time.

Furniture / Fixtures value:

€25,000 (included in the asking price)

Inventory / Stock value:

€1,000 (included in the asking price)