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A Successful Bar In Lagos Marina For Sale

Lagos, Faro
Asking Price:
€145,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A successful Bar for sale situated in the busy Lagos Marina.
Relisted due to a failed sale and the asking price reduced, from 165,000 euros to 145,000 euros.
Popular with Locals and Visitors alike.
Situated on the 1st floor of the main Marina building, giving stunning views over the Marina, towards Lagos and the Avenida.
Well known for it's diverse Sports Coverage and Pool and Darts facilities. Three large TV screens and surround sound Music System, including outside speakers.
Sold as a going concern (turn key business), including all equipment, fixtures and fittings (not including some small personal items).
Light and airy with its concertina opening doors, in the summer and cosy in the winter. Outside seating terrace and spacious inside with booths and bar stools. Easily run with low staff levels.

Ideal for family run business.
Genuine health reason for sale.

Since the opening of the Marina, in 1994, the crews of many different nationalities have visited Lagos, so we get many long distance travellers and also the yacht owners who use Lagos as a base.

The Marina of Lagos has been distinguished with the Euro Marina Anchor Award, the European Blue Flag, The Yacht Harbour Association's 5 Gold Anchors and IMCI's 5 Blue Star Marina.

It holds 462 pontoon berths, for yachts up to 30 m, equipped with water, electricity with 16/32/64 Amp. supplies. Dredged to -3,0 m. Access to the Marina is by a well protected harbour entrance.

Spinnakers is in front of the most demanded berth area.

Located on the Bay of Lagos, among the best beaches in the Algarve, the Marina of Lagos has the privilege of being right in the heart of the "Discover’s" home town.

Property information

Real Estate:

Lease

Living Accommodation:

N/A

Location:

Main Commercial Centre of Lagos Marina

Premises Details:

1st Floor Bar

Business Operation

Expansion Potential:

Potential to create a Tapas style food outlet.

Competition / Market:

We are the only Bar in the Marina that is a Non Food outlet

Reasons for selling:

Genuine Health Reasons

Trading hours:

Summer time 12am to 2.00am

Employees:
Summer 2 full time + 1 to 2 part time. Winter 1 full time + 1 part time
Years established:
3 years under present Name, previously 13 + years under the name of South Bar.

Other Information

Support & training:

Full support given

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