Property Type: Video & DVD rentals
Reference: SBK600
Location: Estepona
Price: 165,000 Euros
Here is a great opportunity to take over an excellent second hand Games and DVD-shop located in the beautiful port of Estepona, one of the next hotspots on Costa del Sol. This is a real bargain regarding that only the stock is worth approximately 350.000€! Sell half of the stock and you have paid for the whole commercial in one go!
The newly decorated and trendy local is approximately 70 m2, including a small bathroom/office. The basic idea of this business is almost like “renting” out DVDs and video games, etc. You rent it out, but if the client would like to keep it, no problem. And if not, you just buy it back, for the selling price minus a couple of Euros. A normal selling price would be 5-6 € for an average DVD-film, and the “buying back”-price 3€.
The normal takings during the low season is 130-180€ per day, but can be bigger by expanding the opening hours. At the moment the opening times are as follows: Monday to Friday 12 am – 8 pm and Saturday to Sunday 11 am -3 pm. Wednesdays closed.
All good quality fixtures and fittings are all included, so that the new owner can just open the door and continue the business with a steady income from day one. By the way, the reason for the current owner selling is that he started this business for his son with the plan of opening about 100 identical shops along the Costa del Sol. But the son lost interest and now the father is stock in the shop, instead of being able of fulfil his dream of travelling around the world. This is the reason for the low price.
Who knows, maybe you can make both your future dreams and his come true by taking over this golden goose?
Freehold price €:
Leasehold price €: 165,000 Euros. £110,000 Sterling.
Lease years: 6, renewable
Rent €: 700 monthly!
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Spanish Bars are a long established family Estate Agents specialising in Spanish commercial property with a strict no pressure principle.
