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RESTAURANT & BAR FOR SALE PRIME SEAFRONT LOCATION, COSTA CALIDA, LA MANGA, SPAIN £54,950

West Midlands £54,950.00
Property type
House
Number of beds
3
Posted
1049 days ago

Description

BEACHFRONT BAR & RESTAURANT
on the MAR MENOR, MURCIA, SPAIN

Details
Type of Tenure
Leasehold
Build
300m2
Pool:
No - Mar Menor sea!
Price
£54.950
Type of Purchase:
Leasehold
Lease Term:
7 Years renewable (from April 1 2012)
Monthly Rent:
€1,500 per month payable annualy (rent paid until April 2012)
Interior Size:
300m2
Terrace Size:
100m2
Interior Seating:
90 (enclosed terrace) 50 (interior dining/ A la Carte)
Terrace (outside) Seating:
upto 50
Years Established:
Since 2009 (with current owners and in current condition after extensive renovations)
Air Conditioning:
No (Not required on beachfront)
Views:
Prime Beachfront - Panoramic costal views - this is actually on the beach - the sea is only 10metres from the front of the establishment.
Parking:
Ample street parking to rear of premisis.

Further details available on request, although viewing is highly recommended to fully appreciate the business. This is a profitable business with provable accounts and increasing year on year turnover. Declared turnover for 2011 was in excess of 110k€ - Full details of turnover and profit are available on request. It has a full, up-to-date opening licence (very important - there are many businesses trading illegally in Spain without a correct one or even one at all!) food hygine licence and all papers for outside seating etc. Rent has also been paid in full until April 2012. Owners wish to return to UK due to ill health of a parent and wish to be closer to family in general.

This would be an ideal investment for a motivated couple or individual looking for a low hassle turn-key operation. Although the owners are English, this is not a typical 'Brit bar' and caters for many Spanish customers and other tourists, especially in the summer months. The restaurant and terrace are idea for big (and lucrative) events, such as weddings, birthdays and communions (popular in Spain) and reservations have already been confirmed for 2012.

The business trades year-round, closing for 5/6 weeks mid December to mid/late January for holidays (reopened this year on 22 January). Trading rises through the year to peak in July and August when inland Spain shuts down and everyone heads to the beach! The best trading months are between March (Easter) until end October. November to February the business currently opens for lunch only (dinner on Fri & Sat evenings) however there is a steady trade as the weather remains pleasent.

The restaurant was opened in April 2009 after a full restoration from a once tired cafe into one of the best appointed and most popular in the area and has developed a reputation for great quality food and excellent service, with great reviews (currently topping the 'tripadvisor' list for restaurants in the region - see link below)

http://www.tripadvisor.co.uk/Restaurant_Review-g187517-d1675320-Reviews-Viva_Bar_and_Restaurant-Cartagena.html

Close to the local airport, many major golf resorts including the prestigous La Manga Club and the historical cities of Cartagena and Murcia. The Murcia region will boast a new international airport opening next summer and the one of the worlds' largest theme parks less than 1 hours drive away (Paramount Park) due to be started in 2013.

The restaurant has no direct competiton and is the only beachfront establishment for more than 3miles.

See the restaurant website at: www.vivalosnietos.com & www.vivalosnietos.es

See the following links for details of the local area - http://www.lamangaclub.com/ (La Manga Club golf resort) http://www.simplynetworking.es/ (Guide to the Murcia reg

Ad ID: 95891545