The bar is situated in one of the busiest streets in Fuengirola,
opposite a large hotel which is noted for its large groups of
golfers who frequently visit the bar in droves!
The street has undergone a great deal of investment recently on
various high class restaurants and is becoming known to locals
and visitors as a higher quality area for eating than fish
alley.
The total bar size is 89 square metres with main bar area
seating of 30-40 and terrace with a further 18-20 covers. The
terrace also has a unique feature insofar as it is one of the
very few bars in Fuengirola which benefits from the sun ALL day.
(Most bars lose the sun for at least part of the day due to
local architecture) An umbrella provides some shade for those
clients who wish it, but the current owner chose not to build
any permanent awning fixture as this would be a waste of such a
natural bonus.
At the rear of the building, there is a separate room which
currently houses a pool table and dart board which generates a
good income and also creates a nice area for groups or children.
Another alternative for this room is as an internet café style
room and this could easily house 4 terminals. The room is
already fitted with bench seating which houses the spare beer
barrels and there is also a large storage cupboard for all other
spare stock. Altogether a very useful room with plenty of
potential.
The main bar area is a comfortable warm environment and is
decked out like a ‘beach bar’ and with its ‘Free WiFi’ facility
has now generated a whole new range of customers. With three
televisions in the bar, there is always a wide choice of sports
to show to bring in a full house in addition to other events run
by the owner. Regular quiz nights, food nights, poker events and
many many more, the Bambu is always a popular place to be. There
is also a fruit machine in the bar which is a major part of the
monthly takings. This can often earn 60-70% of the rent.
The current owner has created a varied and interesting menu
based upon quality, fresh, home cooked food. This has always
been exceptional value, high quality, tasty and original cooking
and has grown immensely in popularity during his tenure and the
increase in sales in this area is a sound foundation for any
potential buyer especially when one views the kitchen which is
unique for a bar of this size. Typically, one would expect a 2sq
m kitchen for a small bar serving food, but this one is fully
equipped and a massive 15+ sq m. The potential for the growth in
food is only limited by the imagination of the buyer!
A great deal of investment has been put in over the last few
years to make this a fantastic bar to visit or work in. Air
conditioning, new modern signage and whole new bar area to name
but a few.
There are a lot of bars for sale in Fuengirola. This one has
been built up to a level which makes it so much easier to take
over and is already a popular bar with families and groups of
people.
Ladies and gents toilets are well located within the bar.
Leasehold and freehold are available.
The official freehold valuation of this bar is 322,000 Euros.
The mortgage of 140,000 Euros, over 10 years, can be transferred
to new owners.
An early viewing is recommended.
Licence: Cafe Bar
Type: Leasehold
& Freehold
Length of lease: 10
year renewable
Rent: Will be set
at 1,200 Euro per month
Terrace Tax: 400€ PA
Community charge: 0
Leasehold substantially reduced for an urgent sale!
Freehold reduced by 24,000 Euros |
|
