Huge Irish bar in Playa del Inglés For Sale

Business description

One of the best known Irish bars in Playa del Ingles in an excellent location opposite the Irish Centre.
LEASEHOLD: Rent: 5,000 euros/month (including community charge.)

Occupying an area of approx. 300m² this huge bar has been running very successfully for many years.
The fully air conditioned main bar area is approx 245m², Seats 96 & has a dance floor, raised platform and DJ box which is fully equipped with a top quality sound system and controls for the professional disco & effects lights

There are 2 well equipped bar service areas – one along each side wall – equipment includes 7 pumps, chest freezer, 3 chest fridges,

The huge windows across the front are fitted with extra toughened glass and are fitted with internal toldos which provide an excellent blackout for watching TV. The bar has 5 large plasma TVs and a projector. The satellite system allows for reception of every satellite that is available and includes the latest 2.7m dish to ensure perfect reception.

To the rear are 2 full size pool tables. These are owned.

Toilets: fully tiled. The gents (6.9m²) has a lobby with stainless steel urinal with TV above – so you don’t miss goal! and 2 cubicles. The ladies (7.9m²) has a lobby with electric hand drier and 3 cubicles. There is also a toilet for disabled customers (6.1m²).

There are 2 large storage areas. One (64.6m²) houses one of the huge air conditioning plants & the other (52m²) houses the other air conditioning plant and is used as the drinks store. There is also a room (8.3m²) with a double stainless steel sink, worktop & water heater which could be used as a small kitchen. There is permission to re-open one of the doors at the rear giving access to the pool area.

The building has been soundproofed well in excess of legal requirements.

The owner currently has a deal with one of the tour operators to use the bar for welcome meetings.

Early viewing is strongly recommended and whoever buys this bar will have bought a bargain!

Property information

Real Estate:

Lease

Lease terms:

This is a Spanish lease rental deal ("traspaso" or “venta industria”) in which you are buying the business (fixtures and fittings, stock, trading name & "goodwill") from the out going tenant and entering into a rental agreement with the owner for the use of the premises.
Standard terms are 5 years (renewable) Deposit: 10,000€

Leasehold rent:

€60,000 per annum

Location:

In a newly pedestrianised area close to the well known Irish Centre. This area is still being developed and there are plans to have market stalls and street entertainers to attract as many people as possible to the area.

Other information

Expansion potential:

There is permission to create a door at the rear of bar, giving direct access to the pool area & sun terrace. There is also a lot of space currently just used for storage which could be put to better use.

Competition / Market:

Although there are other bars in the area, this is the biggest and the only one to have all the English TV channels, which makes it very popular.

Reasons for selling:

Tenant wants to spend more time on his other bar