Price: 370.000,00 euros (open to offers)
Freehold bar for sale in the Los Boliches area of Fuengirola, Costa del Sol, España
One of the longest established bars in the popular Los Boliches area of Fuengirola on the Costa del Sol in España is for sale. This is an exceptional opportunity to purchase freehold a successful bar business in one of the world's most popular holiday destinations.
This thriving, well-known bar has been in business for more than forty years. The bar is open 365 days and nights of the year and attracts a truly international regular clientele, being especially popular with British, Irish and Scandinavian as well as Spanish speaking people.
Apart from the steady local residents trade, the bar also attracts regular repeat tourists. And because of its location it also does a brisk passing trade. The bar is situated on a busy street and it is only two minutes walk from the Fuengirola market (market days are Tuesdays and Saturdays). It is also a short walk from the seven-kilometre long beach.
This freehold bar is surrounded by apartment blocks and there are several supermarkets and other shops nearby. It is also close to Los Boliches rail station and local bus services stop just a few metres away.
The bar is currently trading and the present owner will continue to operate it until the sale is completed. This means the new owner can start earning immediately with an existing clientele.
This freehold bar for sale represents an exciting investment opportunity for the new owner who can decide to either operate the bar as a going concern or place it on the market as a leasehold bar. This bar could realistically expect to fetch 100,000 euros for a ten-year lease and an additional monthly rental income of 700 euros (which would increase annually in line with inflation). Assuming an annual inflation rate of 3%, this would bring in over 96,000 euros in rent over the ten years.
Freehold bars for sale are relatively rare, especially those which have a long and successful history. Therefore, opportunities like this do not come along very often.
The bar is being sold fully equipped. The equipment includes a hot-plate (plancha) and deep fat fryer under a large extractor hood. There are fridges and freezers and a chiller unit. The bar is connected to the Fuengirola Cable television service which includes all major football (UK, Spanish, European and international matches), GAA and other sporting events as well as film, news and documentary channels all free of charge. The sale includes two colour television sets. There is a stereo CD and radio player with speakers inside and on the terrace.
The bar is 55 square metres inside with seating for 30 plus. It has two bathrooms and a storage room. It has air-conditioning, overhead fan and heating. The terrace also has seating for 20 plus and has fully retractable side, front and overhead awnings (toldo).
If you are seriously thinking of buying a bar in the Costa del Sol region of España, this bar is definitely worth seeing. If you require any further details or would like to arrange an inspection visit please email
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