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Karaoke bar with full music licence for sale

Montemar, Torremolinos

Leasehold

Ref No. MM10


54m2 Karaoke/Music bar for sale, located in the busiest street in Montemar, Torremolinos.

The sunny terrace has room for 16 people and a full weather canopy which ensures its use, all year round. There is a television that can be viewed from any seat on the terrace.

Inside, the bar has been fully soundproofed including double doors and double glazed windows. The bar is very spacious and would seat up to 35 on mixture of fitted seats along one wall and 10 small stools and ten bar stools. In the corner there is a raised stage area which includes a DVD player and a laptop which includes over 55,000 Karaoke songs. As well as 2 television screens there is also fully installed air conditioning and ceiling fans.

The serving bar has a marble top with a cushioned surround and behind is well equipped with a 2 door bottle cooler, an ice freezer, 2 sinks and a brand new cash register. The back working surface is marble.

There is a separate kitchen to the side of the bar which is mainly used for storage but includes 2 sinks and a tall fridge freezer.

Ladies and gents toilets are very easily accessed within the bar.

This business has an annual turnover of approx. 120,000 Euros with a net profit of 50,000 Euros. The bar is licenced to trade from 12 noon to 2.30am and is currently open from 9.30pm to 2.30am and boasts an all year round trade, especially busy in the winter with many long stay and local customers.

 

Licence: Music bar - Full music licence

Type: Leasehold

Length of lease: 10 years

Rent: Currently set at 1,000 euros per month

Terrace Tax: None

Community charge: None

Other outgoings: 450 euros per year

Reduced by £22,000 for a quick sale

Reduced leasehold Price: £68,000 (approx.) - 98,000 Euros
Interested? Simply contact us for more details and/or to arrange a viewing - Please quote reference MM10



 

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