20045.Cocktail Bar+ Restaurant + Annex Disco+ Hotel Project IBIZA Spain
This renowned restaurant with a chill out cocktail bar is located on the much publicized island of “IBIZA“. Ibiza is world-famous for its incredible clubbing offering. Here, partygoers can have once-in-a-lifetime experiences in a variety of extraordinary settings. The island its unique factor is that visitors can choose when and how they want to party, with a wealth of options to suit every musical taste, mood and routine. With first-class productions, amazing performances and superstar DJs, there is nowhere better in the world to live out your deepest desires for clubbing than Ibiza. The island offers a multitude of choice for parties, from sunrise to sundown and everything in between.
LOCATION – REGION
This flourishing business is located in the South of the island and it is a very popular vacation spot in Ibiza, part of the Balearic Islands. This tourist area boasts an extensive coastline with many popular sandy areas, such as Es Xinxó, Pinet, Caló des Serral, S’Estanyol and La Es Pueto beach. It is said that from here you can enjoy one of the best sunsets in Ibiza. This region also holds an excellent offer of 4* and 5 * hotels, lush holiday homes, shopping areas and a variety of entertainment, day and night. The restaurant is located in the tourist center itself, on the main street of the well-known “Bahía de Sant Antoni”, in front of various 4*and 5 * and very close to the hotels of the Sirenis chain. Located in a strategic area at a commercial and tourist level with lateral views to the sea. Actually the business is only operating during the summer season. Obviously with the possibility of opening all year round focusing on the local population.
The premises ( aprox 600 m2) are divided into two levels, a lower floor and an upper floor.
The ground floor area at street level has a Chillout terrace of approx 350m2, with a 3×3 wooden kiosk adapted for cocktails, natural juices, shisha and drinks in general. In the center of the lower terrace are two hundred-year-old pine trees, which give the natural atmosphere of the Chillout, as well as flower boxes, terrace furniture and a very cozy atmosphere.
The area of the upper floor has 2 accesses, one where you can directly access from the street when you go up the staircase, and the other entrance is located on the lower terrace, which its central staircase divides the garden area, gives access to the main street. The upper room is provided with a 185 m2 lounge-dining room with a fireplace, bathrooms, large kitchen and changing rooms and bathrooms for staff. This large room leads to two different outdoor terraces, the first one on 129 m2 is covered, and the other outdoor terrace has a surface of 120 m2 and is equipped with an adapted entrance for the disabled. There is also a private parking for 6 vehicles.
In the lateral area of the premises there is a storage room of approximately 40 m2, with a ramp and a convenient access to the restaurant.
EQUIPMENT AND LICENSES
The restaurant has a license that lasts until 3 am and the “party room” until 6 am. The bar has a sound system which is authorized by the City Council regulations, with distribution throughout the premises. The establishment also holds a permit in which they can have live music 2 days a week. Allowing them to organize concerts, shows, artist performances etc.
Mostly frequented by guests, national and international, of the surrounding hotels and lush holiday homes, receiving medium -high class visitors. Both tourists but also locals residing in one of the luxury urbanizations in the area.
TURNOVER RESTAURANT and COCKTAIL BAR
This establishment only opens from June to October and realizes a steady turnover of 360.928 Euro with an EBITDA of over 200.000 Euro !!
Next to the restaurant is a disco which is currently closed pending renovation works. However, the permits are ACTIVE and the disco can open immediately once the works have been completed. These renovation works are estimated at 100.000 Euros to 200.000 Euro and mainly include – improvement of electricity, plumbing, air conditioning, sound and lighting, renovation of plumbing as well as some roofing.
The full property holds a total of 1.300 m2 and is qualified as “ Urbanistica Hotelera” which means that the project can be submitted to construct a hotel or holiday apartments.
CONCLUSION AND PRICING
Due to their plans of relocating to another continent, the actual owners decided to list this stunning property and business.
This outstanding property on a plot of 1.300 m2 including the flourishing and full operating Cocktail Bar – Restaurant
- + Discotheque with VALID LICENSE – to be remodeled
- + Project to build a Hotel / Tourist apartments
is offered: FREEHOLD at the price of 1.695.000 euro