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Profitable Bar In Moraira For Sale

Moraira, Valencia, Spain
Asking Price:
€1,200,000
Turnover:
€625,000
Net Profit:
€170,000

1,200,000E Freehold

Set on 3 Floors with Large Front Terrace
High Turnover & High G.P
Licence in Place
Trades All Year

A tremendous opportunity to acquire a fantastic bar with freehold. Has excellent management team in place for turnkey investment opportunity. Has high growth potential.

Currently the bar opens from
12.00pm until 1.30 am with an extra hour when fiestas are on.

Live music licence and bar licence in place.

About Moraira

Moraira is a coastal town located in the Marina Alta, in the province of Alicante, Valencian Community, Spain, by the Mediterranean Sea. It has an area of 32 km² and a population density of 560.45 persons/km². The town is located 80 km from the city of Alicante and lies at the foot of the Natural Park of Penyal d'Ifac.
The economy of Moraira is based mainly on tourism and fishing.

Property Information

Real Estate:

Real Property Included

Location:

Prime high street location, two minutes walk from the beach.

Premises Details:

Located over three floors

Size in square feet:
400

Business Operation

Expansion Potential:

Property currently leases two extra units which could be purchased also.

Competition / Market:

three other pubs in local area, this is the largest

Reasons for selling:

Moving out of the area

Trading hours:

12.00 pm - 12.00 am every day including weekends and holidays.

Employees:
10
Years established:
15

Other Information

Support & training:

Handover period

Financing available:

Ability to re-finance property

Furniture / Fixtures value:
€50,000
Inventory / Stock value:
€25,000