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Ref: B186
116,000 €
Description of Property
This café/bar is located in a very popular area of the lovely resort town of Benalmadena. It holds a good position which entices customers onto the terrace where the warm welcome and great British pub feel keeps them coming back throughout their stay and again on subsequent holidays year after year. The local trade is also high, with the residential areas nearby bringing in regulars which makes this café/bar one of the best value for money bars in the vicinity. The current owner has established this business based on three essential areas, a warm and friendly service, good food and pleasant surroundings, this has stood the test of time with provable figures showing a year on year increase in turnover and a profit around 48%, after paying for stock, cleaning materials and the wages of 3 staff, leaving a very nice profit each year which is well into 6 figures. From this the rent will need deducting along with other fixed costs such as rubbish collection etc, totaling just under 4000€ per annum. Even deducting the yearly rent the net profit still easily exceeds the 100000€ mark. The terrace is a good size and can seat around 40 while the interior is split into separate bar and lounge rooms, both decorated to give a warm homely British pub feel. The kitchen is well equipped and of a good size and has a large store area to the side. To conclude, this is a very well run establishment, professionally approached to maximise the turnover into net profit and has a successful formula which targets its customer base and has stood the test of time. For the asking price this place has to be a serious consideration for anyone looking to buy a complete café/bar business.
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