Well Presented Cafe Bar Lounge In Corralejo Fuertaventura For Sale

Business description

Located less than 5 minutes walk from the Fred Olsen Ferry terminal this bar is certainly in a position that should benefit from tourists staying in the resort, and those visiting from the nearby island of Lanzarote. This is also one of the very few English bars in the area of the resort, meaning that competition is minimal.

Surrounded by hotels, apartments and residential areas this bar certainly is a bar that should be considered, especially given the fact that no expense has been spared by the owners in fitting out not only the bar but also the kitchen.

Opening at 4pm during the week and at 12pm weekends there is also the potential for the owners to increase the opening hours thus increasing the trade, and with the fully fitted kitchen being at the owners disposal it means that new owners could increase turnover by providing full cooked breakfasts as well as a substantial evening menu.

Property information

Real Estate:

Lease

Lease terms:

5 years renewable

Leasehold rent:

€18,000 per annum

Location:

Less than 5 minutes walk from the ferry terninal, with great sea views form the terrace

Business Operation

Expansion potential:

increase opening hours

Competition / Market:

very little competition in the area

Reasons for selling:

Other business commitments

Trading hours:

4pm - 2am

Employees:

2

Years established:

1

Other information

Furniture / Fixtures value:

€15,000 (included in the asking price)

Inventory / Stock value:

€2,000 (included in the asking price)