Description:
This bar is the only true English locals bar in Tias. Established in February 2009 the owners have built up the reputation of this bar, and now benefits from a healthy repeat locals trade as well as a good regular tourist trade from holiday makers not only staying in Tias, but tourists also visiting the town from nearby Puerto Del Carmen and other resorts.
Located in the centre of Tias, this bar is close to all the amenities of a small town, and benefits from nearby residential property as well as the new apartment complex currently under renovation for the new golf course not even 5 minutes down the road. Its location is also central in terms of getting round the island, Puerto Del Carmen is a little over 5 minutes Drive, The Airport also 5 minutes away, Costa Teguise is a 20 minute drive, and Playa Blanca only 25 minutes away.
Tias is a town filled with ex pats, with almost 40% of the population of the town coming from the UK. as this is the only true English bar in the town, it provides everything from good home cooked menus, to all the sports which can be shown on any of the 4 televisions. The bar also has its very own Karaoke equipment which provides entertainment for many of the party nights.
Asking Price:
EUR €75,000.00
Our Ref:
BFL316
Terms of Sale:
Assets Only
Revenue (Income):
EUR €128,000.00
Net Profit (Cash Flow):
EUR €40,000.00
Time Established:
3
No. of Employees:
2
Competition/Market:
NONE WHAT SO EVER
Trading Hours:
10am - 12am
Reason for Sale:
Family Reasons
Owner Financing:
No
Value of Fixtures/Fittings:
EUR €40,000.00
Value of Stock/Inventory:
EUR €2,000.00
Website:
Property Type:
Leasehold
Lease Terms:
5 years renewable
Leasehold Rent:
1000 pm
Location:
In the centre of Tias which is the main town outside the resort of Puerto Del Carmen, and this is where a majority of the islands Ex Pats live
Premises Details:
This bar comes very well equipped with all the latest equipment and entertainment systems to cater for most peoples needs. All new equipment means that the customers can be served with the minimum of ease. Seating a total of 24 inside and an additional 16 outside under the covered terrace there is certainly plenty of space too cater for most events.
Size (Sq meters or feet):
60sq meters