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Observations Covid-19 pandemic.
Given all restrictions on opening times, we are stating that our business; the two Bars were able to keep running with some strategic changes in operations and we decided to close the Restaurant for redecoration and kitchen upgrades and will reopen in February 2021. Over all, we are pleased to say that our business is still very much alive, thanks to our management strategies and our very loyal clientele.
The business will endure the pandemic situation and is here to stay.
The Company open for a sale, is a private sale by the owners (no agencies). A Successful Snazzy Bars and Restaurant Business, with plenty of opportunities for consistent growth. Located in a main street, of Sintra-Lisbon, this up and running business keys on hand - has no liabilities and an excellent cash flow. Owns (2) Bars, operations (1) Restaurant and (1) Warehouse;
• Bar ( 1 ) on leased property with a 13,200€ per year rent and above 400.000€ revenue sales in 2019;
• Bar (2 ) open 1 year & half ago, also on a leased property for 7,800€ per year rent, close the year with above 140,000€ sales revenue in 2019;
• The Restaurant is a company asset purchased in 2016 and completely renovated at the time open for lunch only, finish 2019 with a revenue sale above 113,000. €;
• The warehouse is a company asset purchased in 2018 serves as general stock area for all the three units all with 300 meters of each other.
The company unit’s locations are close to schools, shopping, offices and residential areas, are well known, highly appreciated by locals and residents of surrounding towns, have plenty of parking spaces at business Bar hours. Have a solid built “Brand Recognition” and a loyal client base, highly regarded by locals and on social media with above (20.000 positive media followers.) and proven financial results.
The asking price: According to business evaluation and negotiation, please ask.
We welcome all types of inquiries, as long as the purpose is to BUY the Business - If interested, please contact the seller trough the form on this page.
P.S - This is not a real estate investment sale, but an offer to purchase an up and running profitable business with all assets included! we will not travel outside of Portugal to conclude business.
Please be advised: We, will not travel to do business outside of Portugal.
For more information, please contact us by using the form below.
Real Property Included
No other business offers a substantial competition at same level in the local area
The co-owner who is a young entrepreneur and operations manager is proud of is achievements and so is his partner , however the yonger partner, wishes to engage in other tourism development projects. So! we are selling.
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