Fish & Chip Shop With Bar - In The Sun
Location:
Spain
->
La Manga
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
How about a 60% yielding/profitble life style change in sunny Spain?
Newly equipped, no need for further new spending. 10 years lease on Fish & Chip shop, 20 years on Bar. These are renewable at no cost. Located next to each other in a friendly multi ethnic/lingual village, visited by many tourists. Owner financing available on negotiation. No loans / charges against business & it's assets, it's owned outright. Net Cash flow figure is N.P after all expenses inc tax. Nearest airport is Murcia (MJV). Owner has created successful formula for this business and willing to mentor buyer. He has sold such business's before to buyers with very little financial capacity/deposit/experience and turned them into successful business owners who years on are still in touch and grateful to him! Based on the Costa Calida coast of Spain. Seller is transparent and offers serious buyers (who offer a letter of intent with proof of funds) the opportunity to work as an employee for 1 month to do their due diligence before purchase. Sale Price $488,000. $ amounts are based on Euro exchange rates of 1.4359.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$450,000
Cash Flow:
$272,166
Cash Flow Type: Sellers Discretionary Cash
Inventory: $118,879
Seller Financing: Yes
About The Business
Year Established: 2001
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller is transparent and offers serious buyers (who offer a letter of intent with proof of funds) the opportunity to work as an employee for 1 month (prior to purchase) to do their due diligence before purchase. Support & training Included in price for 1 month after purchase. Consulting fee there after.
Reason For Selling: Owner wants to take long term time off / holiday.
Photos
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Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 70090243
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