(Ref No:875)

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Music Bar - Torremolinos
Price:
€115,000
Rent:
€1.150,00 pcm.
Business
Leasehold
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Located right in the middle of the best holiday area, surrounded by tourist hotels and apartments and close to the beach, this fully licensed Music Bar has been trading successfully with the same owner for 15 years.
The bar is 160m2 inside with a long drinks bar and plenty of seating in the main area, which will comfortably accommodate up to 90 customers and is fully air-conditioned. There is a stage at the back complete with quality sound system and two Karaoke machines, and six television screens to show music DVD's or Sky programmes. Customer toilets and a good size store room - which could easily convert to a kitchen - complete the provision. Outside the terrace is big enough for 5 tables, giving the bar good street presence to attract customers. The bar has a full Opening Licence permitting live music and under the present owner has opened only through the Summer months, closing from November to March each year, so there may be an opportunity to increase the business particularly over Christmas and the New Year.
The Music Bar is held on a 90-year lease at a very reasonable rent of €1150 per month. The asking price reflects the overall condition of the bar, which would benefit greatly from redecoration and some new furniture, etc. - this need not involve huge cost and would pay dividends for a new owner. In good order this Music Bar would command a much higher price and there is tremendous demand through the summer months for all kinds of live music entertainment - this has the potential top become one of the top music venues on the coast.
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