Description:
We are proud to offer as sole agents This is a very rare opportunity to own your very own high quality Bar and restaurant which is located in probably one of the best locations in the whole of Lanzarote. Located on the stunning marina front of Puerto Calero this bar and restaurant has become very highly established and has an excellent reputation.
In the last year the owners have spent in excess of 70.000 Euros refurbishing this property, bringing in high quality fixtures and equipment to meet the demands of their customers and to bring this amazing restaurant in line with the surrounding areas. This business has probably one of the biggest and fully equipped kitchens on the island, allowing the owners to provide meals from a simple full English Breakfast to the full spectacular al – la carte menu in the evening.
Puerto Calero has the islands main marina which boasts some amazing and expensive yaghts and luxury cruisers and is a popular tourist destination for most of the visitors to the island, which generates additional tourists by boasting some of the islands only branded shops including Tommy Helfinger, Boss and other well known branded shops.
This area is considered a gold mine with property and business prices constantly increasing even throughout the recession as trade in this area has continued to grow. This business has very impressive accounts which can be viewed by interested parties whilst visiting the premises, which must be arranged through ourselves. This area is an attraction in its self, and therefore has a huge amount of footfall, hence the reason very few businesses become available in this area.
Asking Price:
EUR €230,000.00
Our Ref:
BFL350
Terms of Sale:
Assets Only
Revenue (Income):
Undisclosed
Net Profit (Cash Flow):
Undisclosed
Time Established:
2
No. of Employees:
5
Competition/Market:
A few similar high class bars and restaurants are in this area.
Trading Hours:
9am - 12am
Reason for Sale:
Family reasons
Owner Financing:
No
Value of Fixtures/Fittings:
EUR €120,000.00
Value of Stock/Inventory:
EUR €2,500.00
Website:
Property Type:
Leasehold
Lease Terms:
5 years renewable
Leasehold Rent:
4000
Location:
This bar restaurant is located in the highly desirable marina area of Puerto Calero. Surrounded by a number of big names stores such as Tommy Helfinger this really is millionair's row, with views from the restaurant looking directly into the marina its self this is one amazing opportunity
Premises Details:
The bar has recently been modernised, with all new furniture, new lighting and new decor. The restaurant opens out on to the large terrace effectively doubling the size of the premises with spectacular views out onto the marina. The Kitchen is probably one of the biggest kitchens on the island with full working equipment, and walk in fridges and freezers.
Size (Sq meters or feet):
125 sq meters