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Successful Restaurant Lease In Tourist Area For Sale

Playa Blanca, Lanzarote
Asking Price:
€145,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
Available on request
Net Profit:
Available on request

Lease for sale.

The business is situated in a busy tourist area. 80% of the customers are British/Irish.
It has a large fully equipped working kitchen. Currently there are 18 tables (56 Pers). Outside has room for 6 more tables.
At the moment it is a Spanish/Mediterranean Restaurant.
Easily changeable to a large bar with enough room for live music.
There is a monitored alarm system.
Gas safety shut off system with alarm.
Extinction & extractor fume hood.
Technically in excellent condition with monthly professional maintenance and cleaning.
Touch POS system.
Disabled bathroom.
Air conditioned.
Fully licensed.
Has had repeat clients over four years.
For sale with 10 years contract.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Lease

Lease Terms:

10 years

Leasehold Rent:

€1,800 per annum

Location:

Located in an all year round busy tourist area.

Premises Details:

Along a row of bars & restaurants and mini supermarkets.

Size in square feet:
150

Business Operation

Expansion Potential:

There is enough room to expand the seating capacity onto the terrace.

Competition / Market:

There are other restaurants but with a different nationality of menu.

Reasons for selling:

Relocation

Trading hours:

5 hours a day

Employees:
4
Years established:
5

Other Information

Support & training:

We would support & offer training in the beginning if requested.

Furniture / Fixtures value:
€130,000 - included in the asking price
Inventory / Stock value:
€10,000 - included in the asking price
Website:
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Related Documents:

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