Live Music Bars in Los Boliches, Spain

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Price:  €125,000  (Convert to £)   
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   •  Reference: CLB75099
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   •  Country: Spain
   •  Region: Costa del Sol
   •  Town: Los Boliches
   •  Commercial Type: Live Music Bar
   •  Monthly Rent : €2,180  
   •  Other Costs : €2,500
   •  Area (m2): 200
   •  Reason for Sale :   - 
   •  Hold Type : Leasehold
   •  Location: Beachfront
 

Live Music Bar Description

THIS MUSIC BAR HAS A LOT OF POTENTIAL AND IS BEING SOLD VERY CHEAPLY. This Music Spanish Bar was being advertised at €155,000, the current owner is Greek and he wishes to move back to Greece. He has elected to reduce the price by €30,000 in the hope of getting a quick sale. This is a very busy Live Music/Karaoke/DJ bar located on the Sea Front of Los Boliches, and is very popular with both locals and tourists. The Owners have established the business with the locals and of course the tourists who keep coming back to this pleasant and friendly Music Spanish Bar. The sound proofed bar gets a lot of passing trade due to the busy location, and price includes all fixtures and fittings, including DJ booth, 1 x karaoke machine, 3 x TV´s (with cable, sky dish available), 3 x glass door fridges and a brand new dish washer. Mirror ball and disco lights are also included! The kitchen is fully equipped, which includes 1 x big 4 door fridge, 1 x oven, 1 x plancher and 1 x burner. The kitchen is more than adequate to run a comprehensive menu. The size of the bar is 50sq m2 with seating for 30, the terrace is 100sq m2 with 40 seats. The bar also boasts a 2nd floor, where the upstairs area is 50sq m2 in size. A food licence would have to be applied for, as drinks are only served at present. The owner currently has live singers, DJ´s and Karaoke. The opening hours are currently 7pm to 2/3am. The Spanish Bar could be opened during the day for the purpose of utilising the Terrace for Drinks and Food. The average turnover at present is around €30,000 per month. This could be doubled from takings on food/drink during the daytime hours. The rent on the bar is currently €2180 per month, and comes with a 10 year renewable lease and the terrace tax is €2,500 per annum. Both of these are extremely cheap taking into consideration the size and location of the premises

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