MergerPlace

Seafront Profitable Bar/Restaurant

Benalmadena, Malaga, Costa del, Spain


  • Asking Price: $114,000
  • Gross Income: $155,000
  • Cash Flow: $40,000
  • Real Estate: Not Disclosed
  • Inventory: $3,500
  • FF&E: Not Disclosed
  • Listing ID: #201046
  • Established: 40
  • Employees: 3

Business Description

Location Location Location!!!
Seafront bar/restaurant in busiest boardwalk
Profitable & high ROI
Fully licensed and 100% of sales declared!
Established (two decades)
Business Broker Spain is excited to present such a rare opportunity of a fabulous sea front bar/restaurant located in Benalmadena. Located in a prime location and with potential to increase trade as the owners do not work it full time and travel several times a year.
When the owners first bought this bar it was on leasehold format, yet now they own the freehold as well as an apartment in town and can boast about having travelled all over the world, thanks to this little bar which is an easy manage, desirable lifestyle business with financial upside.
Owners will remain as landlords and make sure the transition goes smoothly (introduction to community, suppliers, regulars as well as guidance on how to successfully manage the business and if you are not a great cook, that too!), while the owners prefer selling only the business as a leasehold they will entertain selling the freehold at a premium.
The bar has a total of about 120m2 (50m2 inside & 70m2 outside) with two staff (besides the two owners) and nets a healthy income and an even better net owner’s benefit which would recoup the total investment rather quickly, and that is if they continue to run the bar as is (relaxed manner).
About Benalmádena Costa
Benalmádena is a town in Andalusia in southern Spain, 12 kilometers west of Málaga, on the Costa del Sol between Torremolinos and Fuengirola. It caters for a large number of tourists, and is also home to the 33 meter tall Buddhist Benalmádena Stupa.
Benalmádena is the eighth most populous municipality in the province and the third largest metropolitan area, behind Málaga and Torremolinos. The population is concentrated in three main centers: Benalmadena Pueblo, Arroyo de la Miel and Benalmádena Costa, although the high urban growth and demographic tends to unify the three cores
Viewing Arrangements
Interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Spain
Metropolitan Area: Benalmadena, Malaga, Costa del

Company Information

Year Established: 40
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $114,000
Gross Revenue: $155,000
Cash Flow: $40,000
Inventory: $3,500
Seller Financing Available: No

Property Information

Facilities:

120m2, 70 outside and 50 inside. 2 baths pool table terrace seating: 58

Growth & expansion opportunities:

Extended hours (limited now), expanded menu (just doing simple tapas and bar food), owner's presence (current owners take several months off a year and only work 3 days a week)

Competition:

Located at Beach Boardwalk

Reason for selling:

20 years owning and managing the business.

Support & Training:

Yes, owners will remain as LL

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Alejandro Scholtz

Business Broker Spain