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Listing ID: 1735410

Opportunity Or Investment Of 2 Well Known Bars Plus 2 Apartments And Options To Buy Separate For Sale

Playa Honda, Arrecife, Canary Islands, Spain

€ 1,300

(Furniture / Fixtures included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

The first Bar we are selling is named Terraza Concorde and comes together with its two apartments on the top floor of the building. This bar is situated on a main street and is just next to the airport and located on the first road coming in to the town from the motorway. It has a very good name among the whole island and has been running for more than 20 years.

It is a family business and has had only one owner. The bar has 420 m2 square meter approximately and two apartments on the top floor with 60 m2 square meter each plus a terrace of 90 m2 each. The bar opening hours are from 8:00 am to 02:00am, 6 days a week. Right know 3 to 4 waiters are working in the this bar.

The second bar on sale isnamed Bar Pikareta and is situated in front of the shopping center Deiland, which is one of the only two shopping centers on the island and has plenty of movement. This bar has 104 m2 square meter approximately plus 15 m2 of terrace and has also been running for more than 20 years with only one owner and a family business.

Also very well none from the local people of the island. Opened right now from 07:00 am to 15:00 pm, 6 days a week and approximately with one to two waiters working. Owners wish to retire so they have decided to sale both businesses. They can be bought together or separately.

The total price asked for Terraza Concorde plus the apartments is 1.000.000 €.

The total price asked for Bar Pikareta is 300.000€.

Property Details

Other Details

Business Location:

We have on sale two bars in the lovely town of Playa Honda. This town has recently grown bigger and more companies are investing on businesses as it is nearly as commercial as the capital of the island. There is all needed in Playa Honda, from the lovely big beach and shopping center Deiland to the only airport on the island situated in this town. Lots of businesses like big supermarkets, car shops, restaurants, bars...

Expansion Potential:

Both business can be kept as bars or there can be an investment for creations of new businesses.

Living Accommodation?

Two apartments are situated on top of Terraza Concorde. These are big and have nice airport sightings. Easy to go by foot anywhere. To the beach and bus stop 5 minutes by foot. School is 10 minutes by foot and park for children 3 minutes by foot.


Reason For Selling:

Owners wish to retire.

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