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Popular Bar And Restaurant In Santa Catalina For Sale

Palma, Mallorca, Spain
Asking Price:
€99,000 Furniture / Fixtures included
Turnover:
€250K - €500K
Net Profit:
€100K - €250K

REDUCED FOR QUICK SALE

This fantastic restaurant is superbly located in the very trendy neighbourhood of Palma, Santa Catalina which is popular among tourists and local residents all year round.

The restaurant currently has a modern concept, focusing on wide-ranging international food and a great variety of drinks and cocktails, which makes it stand out among all other restaurants in the area. Indeed, due to its fantastic location, this restaurant would be suitable for any type of cuisine.

The interior accommodates around 70–90 guests and has a well-equipped cocktail bar. The spacious restaurant has a great bar area which can accommodate up to 30/40 people easily and a dining area in the back which can easily seat 50 people

The restaurant has a perfect brand new kitchen, suitable for providing a wide range of high-quality cuisine from around the world.

The business operates all year round, closing just for a short break for regular venue maintenance and/or minor reforms.

The restaurant has a fantastic rating on Google and outstanding reviews on the major travel platforms, and the current owners are willing to sell traspaso only, as well as the whole business with its unique concept, positioning, and fully trained personnel.

It’s a rare opportunity that a restaurant of this size and a highly reasonable rent of €2,450 per month comes to the market.

Property Information

Real Estate:

Lease

Lease Terms:

10 years

Leasehold Rent:

€30,000 per annum

Location:

Palma de Mallorca

Premises Details:

Approx 100 sqm plus additional terrace

Business Operation

Trading hours:

6 nights per week

Employees:
6
Years established:
3 years

Other Information

Support & training:

Full Handover Available