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Finance And Services:

Sold. High End Cocktail Bar Bistro With Music In A Prestigious Port Town Of Mallorca

LISTING DETAILS
Firms For Sale ID:
34922
Vendor reference:
AC357
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
€197,644  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Number of employees:
7
Employees / staffing:
The business employs 7 full time and part time staff to assist the Vendors with the day to day operations.

OTHER DETAILS
Reason for selling:
The Vendors started the Bar as a retirement business after selling their previous company and feel they have laid the foundations for a first class establishment which now needs a fresh injection of energy and enthusiasm from a new owner.
Support and training:
The current owner will provide all relevant contacts to allow continuity.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Lease is renewable. Accomodation included.
Living accommodation:
There is also the added benefit of a substantial 3 bedroom owners flat adjacent to the bar which boasts a balcony, sun roof terrace and hydrobath.
 
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BUSINESS DESCRIPTION
High End Cocktail Bar Bistro with Music in a Prestigious Port Town of Mallorca
Established in prime Port location
Ref. AC357
Location : Mallorca, Spain
Asking Price : GBP 175,000
This popular and busy contemporary Bar was founded by the Vendors after they travelled to the area on holiday. This busy Port Town in Mallorca is a popular destination for the rich and famous and the Bar has become the venue of choice due to the substantial investment and innovative input from the Vendors. Since its opening the Bar has become a well known and respected destination venue with a reputation for the quality of its cocktail and drinks selection and stylish environment.
The Bar has a loyal following of both locals and regular visitors to the island. The Bar could also enjoy revenues from catering for parties and other special events.
This successful business offers customers an opportunity to spend time enjoying a discreet drink in a relaxed and stylish atmosphere, from a comprehensive menu of the highest quality beers and wines and impressive cocktail list. The bar has late night music as well as dancing.
This business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of the current volume of custom and expanding the food offer through the bistro. The Bar also limits the current trading hours so an extension to this would also benefit the sales and profit.
The business is further supported by exemplary relations with key suppliers who have helped to ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service, this has lead to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.
Seasonal business operating March October

Expansion Potential
The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of any growth as it occurs.

Market / Competition / Non-Competition Agreements
The Vendors have invested significantly and successfully in the establishment of a well known brand and used advertising only sparingly, as a high proportion of the business s revenue has been due to its prominent position, excellent reputation for quality and service and strong word of mouth recommendation. There are excellent opportunities to increase this activity and market the business more aggressively to significantly increase turnover.