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Bar in Fuengirola €750,000


Current Price: €750,000
New Price:
Rate data provided daily by European Central Bank
Beds
3
M2
190
Terrace Seating
30
Exterior Size(m2)
16

Asking Price €750,000 Freehold

This is a very rare opportunity as there is not many bars for sale that are freehold, it is one of the longest established sports bar in the popular Los Boliches area of Fuengirola. This is an exceptional opportunity to purchase a freehold successful bar business in one of the world's most popular holiday destinations.

This thriving well known bar has been in business for more than 20 years, and to this present day has only had three owners since 1950. The bar is situated between two very large hotels and it's open 365 days & nights of the year and attracts a truly international regular clientèle, being especially popular with the British.

 Apart from the steady local residence trade, the bar also attracts regular repeat tourist. The freehold bar also comes with its very own separate spacious apartment, (situated above the bar with its own entrance). The bar is very close to Los Boliches railway station, shops and the 7 Kilometre beach.

 The bar is currently trading and the owner will continue to operate it until the sale is completed. This means that the new owner can start earning immediately with an existing clientèle.

 The Bar sale represents an exiting investment opportunity for the new owner who can decide to either operate the bar a going concern or place it on the market as a leasehold bar. This bar could realistically expect to fetch more than 100,000€ for a ten year lease and an additional monthly rental of 1600€ (which would increase annually in line with inflation). Assuming an annual inflation rate of 3% this would bring in well over the amount in rent over the ten years, the apartment would also obtain a leasehold and rental.

 Freehold bars for sale are relatively rare, especially those which have a long and successful history. Therefore, opportunities like this do not come along very often.

 The bar is being sold fully equipped. The equipment includes two pizza hot plates, tapás refrigeration display. There are fridges and freezers as well as an ice maker. The bar is also connected to Eurocable TV, and has its own satellite dish system, with sports events from all over the world. The sale includes all of the TVs and Karaoke and sound system.

 The bar is a very generous 96 square meters inside with seating, and has a small seating area out front. It has two W.Cs (in accordance to the disabled building regulation). The bar is fully air conditioned (four units) and has a vented fan (from rear to front) for ventilation.

 The bar comes complete with its own website and domain

 The apartment is also 96 square meters and has two double bedrooms both en suite, there is a generous lounge with a fire place, fully fitted kitchen. There is a patio outside with a full BBQ.Above the apartment is a roof top terrace and a small office, accessible from the main bedroom(could obtain planning permission for extra bedrooms). Air conditioning in the lounge, main bedroom, and secondary bedroom.

 

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 Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.

 

 

 


BB6630F
Fuengirola, Malaga
Spain
Sale Type: For Sale
Ref #: BB6630F
Category: Bar, Sports Bar
Beds
3
M2
190
Type of Purchase
Freehold
Interior Seating
63
Exterior Size(m2)
16
Terrace Seating
30
Years Established
30 Years
BB6630F
Fuengirola, Malaga
Spain
Sale Type: For Sale
Ref #: BB6630F
Category: Bar, Sports Bar

Please complete the form below to find more information about this property. In doing so you give specific consent to us viewing your information. We are committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with our Privacy Policy

Non-Circumvention and Non-Disclosure Agreement

Between the following Parties:

Business Broker Spain SL (CIF: B54646153) and trading as Business Broker Spain and with registered Head Office: 10 Calle Arquitecto Urteaga 03730 Javea, (Alicante). Spain (hereafter ‘the agent’);

1.The Discloser intends to disclose information (the Confidential Information) to the Recipient for the purpose of purchasing any business introduced to you through by Business Broker Spain.

2.The Recipient undertakes not to use the Confidential Information for any purpose except the Purpose, without first obtaining the written agreement of the Discloser.

3.The Recipient undertakes to keep the Confidential Information secure and not to disclose it to any third party except to professional advisers who need to know the same for the Purpose, who know they owe a duty of confidence to the Discloser and who are bound by obligations equivalent to those in clause 2 above and this clause 3.

4.The undertakings in clauses 2 and 3 above apply to all of the information disclosed by the Discloser to the Recipient, regardless of the way or form in which it is disclosed or recorded but they do not apply to:

a )Any information which is or in future comes into the public domain (unless as a result of the breach of this Agreement); or

b) Any information which is already known to the Recipient and which was not subject to any obligation of confidence before it was disclosed to the Recipient by the Discloser.

5.Nothing in this Agreement will prevent the Recipient from making any disclosure of the Confidential Information required by law or by any competent authority.

6.The Recipient will, on request from the Discloser, return all copies and records of the Confidential Information to the Discloser and will not retain any copies or records of the Confidential Information.

7.Neither this Agreement nor the supply of any information grants the Recipient any licence, interest or right in respect of any intellectual property rights of the Discloser except the right to copy the Confidential Information solely for the Purpose.

8.The undertakings in clauses 2 and 3 will continue in force for 2 years from the date of this Agreement.

9.This Agreement is governed by, and is to be construed in accordance with, Spanish law. The Spanish Courts will have non-exclusive jurisdiction to deal with any dispute which has arisen or may arise out of, or in connection with, this Agreement.

 
BB6630F
Fuengirola, Malaga
Spain
Sale Type: For Sale
Ref #: BB6630F
Category: Bar, Sports Bar

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