Highly Profitable Sports and Entertainment Bar, Playa Blanca, Lanzarote 225.000 Euros - Business For Sale

Business Description

We are proud to offer this amazing opportunity to own probably the best and most established sports and entertainment bar and lounge in the resort of Playa Blanca.

Established 6 years ago this bar has gone from strength to strength setting the bench mark for most of the other bars in the resort. Although the main bar area is only just over 30 square meters in size this bar often caters for in excess of 100 people with its capacity topping out at 140 guests at any one time.

This bar is not only a huge hit with the locals but has also been a massive hit with the tourists, especially as the bar boasts an impressive 10 televisions and 9 different satellite systems which means that this bar can show virtually every single live event all at the same time, or if there is just one main event it means that those frequenting the bar can see the action from every single angle. Not only is sport a major factor in the bar, but also great nights also from Karaoke - with its very own karaoke system, to themed party nights where the current owners go all out to wow the clientell. This bar also has its very own website, where all events are posted and the latest events can be seen by following this link. www.waxbars.com

This bar boasts impressive figures which means that any new owner based upon the current figures should get their money back well within 3 years, and with current opening hours starting at 12pm there is also scope for any new owners to improve takings further by opening longer hours. Currently the bar operates with the two owners three days a week with the remaining 4 days being covered by the full and part time staff employed, meaning not only do the current owners make a good living but they also get the time to enjoy the lifestyle, and if new owners wanted to make even more profits then they could consider working more hours themselves.

Detailed Information

Expansion Potential: Potential to expand into serving food as this is a wet bar only. Freehold also available

Competition & Market Info: Few bars near by, but this is certainly the most established.

Reasons for Sale: Other interests

Website: http://www.businessfinderlanzarote.com

Real Estate Information

Property Type: Leasehold

Lease Terms: 5 years renewable

Leasehold Rent: 1300

Location: Located in the resorts busiest commercial centre, just 50 meters from the beach

Premises Details: the bar boasts an impressive 10 televisions and 9 different satellite systems which means that this bar can show virtually every single live event all at the same time, or if there is just one main event it means that those frequenting the bar can see the action from every single angle. Not only is sport a major factor in the bar, but also great nights also from Karaoke - with its very own karaoke system, to themed party nights where the current owners go all out to wow the clientell

Size (Sq m or ft): 32 Sq Meters