Highly Profitable Wax Sports Entertainment Bar Playa Blanca For Sale

Business description

We are proud to offer this amazing opportunity to own probably the best and most established sports and entertainment bar and lounge in the resort of Playa Blanca.

Established 6 years ago this bar has gone from strength to strenght setting the bench mark for most of the other bars in the resort. Although the main bar area is only just over 30 square meters in size this bar often caters for in excess of 100 people with its capacity topping out at 140 guests at any one time.

This bar is not only a huge hit with the locals but has also been a massive hit with the tourists, especially as the bar boasts an impressive 10 televisions and 9 different satellite systems which means that this bar can show virtually every single live event all at the same time, or if there is just one main event it means that those frequenting the bar can see the action from every single angle. Not only is sport a major factor in the bar, but also great nights also from Karaoke - with its very own karaoke system, to themed party nights where the current owners go all out to wow the clientelle. This bar also has its very own website, where all events are posted and the latest events can be seen by following this link. www.waxbars.com

This bar also boasts impressive figures which means that any new owner based upon the current figures should get their money back well within 3 years, and with current opeing hours starting at 12pm there is also scope for any new owners to improve takings further by opening longe hours

Property information

Real Estate:

Real Property Included

Leasehold rent:

€15,000 per annum

Location:

Located in the Papagao commercial centre in the heart of Playa Blanca

Business Operation

Reasons for selling:

Other plans

Trading hours:

12pm - 2am

Employees:

4

Years established:

6

Other information

Support & training:

The current owners are offering to help the new owners for the first couple of weeks.

Furniture / Fixtures value:

€50,000 (included in the asking price)

Inventory / Stock value:

€2,500 (included in the asking price)

Leasehold asking price:

€225,000 (Furniture / Fixtures and Inventory / Stock included)