Established Freehold Pub For Sale in Playa Paraiso
- Featured Property
- Reference: 5783
- Type: Business, Local, Pub, Commercial, Bar/Bistro, Music Bar, Snack Bar, Karaoke Bar, Café/Bar
- Ownership: Freehold
- Status: Under Offer
- Price: €139,000
- Location: Playa Paraiso, Adeje
- Build size: 50m2
- Terrace size: 47m2
- Furnished: Furnished
- Kitchen: Equipped Kitchen
A rare opportunity to purchase the FREEHOLD title of a very well-established bar/cafe currently trading as a classic British pub which has an excellent reputation and is famous for its traditional British food (including popular Sunday roast) in addition to entertainment and private functions. The bar is adjacent to two large self-catering complexes and has an existing customer base of residents and holiday makers alike. The business is family run with the current owners having run the pub for over 20 years, reluctantly they are now looking to retire in the near future.
The pub is fully furnished and equipped and has an interior of 50 m2 comprising of bar area, fully equipped kitchenette, male & female toilets and seating for 27 covers. Outside is a spacious sunny terrace of 47 m2 overlooking the communal pool and with excellent sea views. The terrace has 28 covers. As you would expect the bar is fully licenced (which was actually updated in 2016 following a complete electrical rewire of the premises).
The business benefits from very low overheads and with 55 covers this is an easy to manage business, ready to continue successful trading, suitable for perhaps a working couple.
Playa Paraiso is a popular resident and holiday resort located 10 minutes drive from the bustling resort of Playa De las Americas. Playa Paraiso has undergone a major transformation over the last couple of years due to the new Hard Rock Hotel, other new hotels and complexes, along with a new Commercial Centre and beach area. As the resort evolves and being one the most established bars in the areas it is well placed to continue to benefit and enjoy many more profitable years of trading.
Please note that the business with the security of the freehold title is on offer only. (The asking price is comparable to many leasehold business’s currently on the open market, however, the business is NOT available to rent or ‘traspaso’ -transfer). The owners only wish to deal with serious enquirers, therefore, please contact Tenerife Royale Estate Agents S.L. to arrange a meeting for more information.
- Completely Equipped Kitchen