This is an excellent opportunity to rent, Traspaso or buy the Freehold of a very well-known bar with a much sought-after café concierto licence in the ever-green resort of Magaluf – and the even better news is that it has been renovated throughout and is ready for the new owner to turn the key and start trading!
This bar is well located, just off one of the busiest streets in the resort and benefits from signs on the main strip (the Punta Ballena) and the back street leading up from Palmanova. This area is the heart of the nightlife in Magaluf. It is approached by the terrace of around 20m2. Inside, you will find a further 40m2 set out with bench seating (to maximise the number of seated customers). The bar itself runs along one side of the premises and, to the rear, there are male and female washrooms and storage space.
The décor is traditional, and the owner has recently laid new flooring throughout the premises. The licence allows for the bar to be open until 4.00am for those live music and Karaoke nights that are so popular in this area.
The clientele has been mostly an international mix of tourists during the summer season; however, there is scope for catering for the large population of ex-pats who are resident in this area all year round. Of particular note, there is also the possibility of accommodation (always very hard to find in this area) over the bar consisting of a 1-bedroom apartment, which could be used by the owners or staff. COMMENT: It is rare to find such a well-known business at such a reasonable price in this area where the prices are increasing, thanks to the huge investment in the resort and we recommend immediate viewing, as this bar will not stay on the market for long.