Bar In Torremolinos

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Listing ID: 700357269

Listing Title: Bar In Torremolinos

Quick Link: http://www.globalbx.com/listing.asp?bId=357269

Industry: Bars and Nightclubs

Industry Segment: Bars and Pubs

Country: Spain

State / Province:

Area

City: Torremolinos

Asking Price Range: < $250K

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2003

Number of Employees: 50 - 99

Business Description:
Excellent opportunity to purchase a very well established and profitable bar located within a few minutesī walk from the beach and benefits from a huge local trade. Two major Sol hotels are within very close proximity. The bar was established by the current owner in 2003 and has decided to retire. The bar offers a highly vibrant atmosphere and offers a very reasonable interior of 46m2 with seating for up to 24 people. There is an additional seating on the terrace which is 22m2. The current owner is trading from 12pm to 2am and the new owners are free to extend these trading hours to maximise of turnover potential. The compact kitchen serves traditional British pub food as well as Sunday roast. This is a successful operating business that is ready to be handed over to the new owner and will generate good returns from day 1. The current owner is selling due to retirement. This is a leasehold sale and the rent is very low for the area and helps to provide even greater return on investment for the new owners. This is definitely an opportunity that you cannot afford to miss. Operating since 2003 by current owner Lively bar with street terrace Very good foot fall



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