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Newly Refurbished Cocktail Bar In Magaluf For Sale

Magaluf, Mallorca, Spain
Asking Price:
€75,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

At Green Point Commercial, we are happy to bring this newly refurbished Cocktail Bar on the famous Punta Balena to the market

Magaluf has been a party destination for years for people of all ages.

Over the last few years, the resort has been going through a lot of gentrification, with a lot of the hotels now reformed and having 4 & 5 stars throughout the resort.

This has brought s a more discerning clientele and this bar is perfectly positioned to take advantage of the new market

The bar itself is 3 'locals' which have been merged into 1 high-end cocktail bar. Situated on 2 floors, at street level, the bar is 120 sq. m. and has been reformed to a very high standard, which is also compliant with all the required new building regulations.

The Windows are fully soundproofed, the seating has been custom-made to a high standard, and the bar area is modern and clean. The new toilets are downstairs, as well as 2 large storage areas

The internal capacity is around 80 and there is also a great terrace which can hold up to 50 people.

The bar itself comes with a 'Cafe Concierto' license which allows you to stay open until 4am every night and play live music or have a DJ until closing time

For those looking for a profitable and late-night business, do not hesitate to contact us for more details

Green Point Commercial Property S.C. is a fully licensed commercial property broker based in Mallorca and covers opportunities across the whole of Spain.

Our experienced staff is here, not just to advise on buying a business but to help you with all aspects of purchase and relocation. With a network of lawyers, solicitors, immigration specialists, and accountants, we can make the process go through as smoothly and efficiently as possible.

For UK buyers, we can arrange for a business visa, which takes 3–4 months but will allow you to move to Spain post-Brexit with no issues.

Feel free to get in contact for a confidential discussion about this great opportunity and discuss your specific requirements for your next business acquisition.

Property Information

Real Estate:

Lease

Location:

Magaluf

Business Operation

Years established:
1