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9 Year Old Established Zona Rosa Bar and Restaurant Business for Sale

This established bar and restaurant business is being offered at a very low price for those wanting to own and operate a business in the popular Zona Rosa area of El Poblado just four blocks from Parque Lleras. Although business has been primarily food, with lunch being the major component, the business does have a full beer, wine and liquor permit. The restaurant is one door down from Calle 10, Zona Rosas busiest street and ½ block from the Park Diez Hotel - soon to open in early summer of 2010.

The business lease comprises 40.66 sq meters (438 sq ft) and includes a canopied Parisian like outdoor seating Terrazzo (8 tables) and indoor seating with TV lounge of four tables. Included is a service/ticket counter, kitchen and kitchen counter, bathroom, beverage cooler & fully furnished kitchen. Dark wood Terrazzo flooring was recently installed.
For those familiar with this area of Medellin liquor licenses are difficult to obtain and currently new permits are not even being issued for Parque Lleras and parts of the Zona Rosa (3-5 block radius area from Parque Lleras). With the addition of the new Park Diez Hotel (will be about 100 rooms, see photo) the opportunity to network and create a happy hour business is very possible. The Hotel will be a 30 second walk to the Restaurant.

The sole owner has successfully run the business for nine years and is leaving to pursue other interests. The annual lease which renews each July is 1,200,000 pesos per month (about $600 per month US). Utility bills average about 500,000 pesos (about $250 per month) and labor costs are extremely low.

This business has relied primarily upon word of mouth and referrals to grow and stay in business for nine years. It offers an excellent opportunity for those who may wish to establish a real marketing program especially in conjunction with the new Park Diez Hotel opening virtually across the street. The idea of offering a happy hour with finger foods could be a money maker. Decisions whether to pursue the business market and tourists market from some of the five hotels (and seven hostels) all within 3-4 blocks of the restaurant would need to be analyzed. Also whether to retain the primary Paisa business and/or expand to extranjeros/tourists would need to be reviewed. Finally there is a very real possibility of adding an evening happy hour with finger foods to attract all of the previously mentioned clientele.

For those wishing to visit the restaurant and meet the owner as well as review the financials an appointment can be set up. This may be a great opportunity for those looking to have a small established business in the nicest part of Medellin for a minimal capital investment. Plus there is the real possibility that the new Hotel will add considerable traffic which may be further enhanced by a creative marketing program. Call us today for an appointment.

Asking 48,000,000 Pesos for the Business, Equipment, Furniture and Permits

Medellin Colombia Commercial Realestate