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Cafe And Bar With Terrace In Palma For Sale

Palma, Mallorca, Spain
Asking Price:
€250,000
Sales Revenue:
€250K - €500K
Cash Flow:
€100K - €250K

Very Central Palma Cafe And Bar With Terrace

With Cafe/Bars they say Location is one of the most important parts in having a successful business and this Coffee Shop has just that. Located a mere 50m from one of the busiest squares in Central Palma, this cafe/bar does continual trade from the moment it opens at 8 AM till it closes at 11 PM.

Although small it generates a huge amount of income from its small bar to people sitting on the 19 sqm outdoor terrace which seats approx 40 people.

The current owners have run the bar for well over 10 years serving tourists, residents and workers alike with a range of drinks and snacks/tapas throughout the day.

The Rent is extremely low for the area at just currently €1100 pm with increases capped for the next 15 years. Usual rents for locals in this area are usually €4000+

The cafe/bar has 5 employees who manage the day to day operation on behalf of the current owners. The turnover is €350+ and this has been steady for the last 10 years with a full set of accounts to demonstrate this!

The business is a true turnkey operation! Generating profits in excess of €100k+ p.a.

Contacts us now for this rare opportunity for a business in this location but quick as it will not be on the market long

Please note due to confidentiality reasons we have used stock images for this listing

Green point Commercial Property S.C. is a fully licensed commercial property broker based on Mallorca and covers opportunities across the whole of Spain. Our experienced staff, are here, not just advise on buying a business but can help you with all aspects of purchase and relocation. With a network of Lawyers, Solicitors, Immigration Specialists and Accountants, we can make the process of purchasing a business go through smoothly and efficiently as possible.

Feel free to get in contact for a confidential discussion about this great opportunity and some of the many others that we have available.

Property Information

Real Estate:

Lease

Leasehold Rent:

€14,000 per annum

Location:

Central Palma

Business Operation

Employees:
5
Years established:
20

Other Information

Furniture / Fixtures value:
€20,000

Contact Green Point Commercial Property

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