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Business Opportunity – Busy & Successful Restaurant in the Centre of Albufeira

Restaurant in Albufeira

ref. VM2100
1.500.000€
  • C
  • 120m2
Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Rooms
1
Floors
2
Furnished
Fully
Living Area
120 m²
• Restaurant Area 120m²
• Terrace x3 225m² Rented from Condominium
• Seating in Total for 200 People
• Prime Location
• Great Business Opportunity
• Distance to Beach – 850 meters

This huge corner building with 3 terraces, located in a prime position of one of the busiest tourist spots in Albufeira. The building (freehold) and the 30 years good will of this successful family run restaurant is for sale, and currently still open and running, can be taken over by new owners anytime. The restaurant has a licence to trade from 8am to 2am daily.

Amenities:
• Seating for 200 people
• Mains water, gas & drainage
• Cisterna water tank with pump for back up
• 2 WC – Ladies, Men
• Staff bathroom
• Central A/C (2 in front terrace, 1 in main restaurant)
• 2 other terraces have fans with water mist spray.
• Large basement with storage
• Office space
• Laundry space
• 2 Changing rooms with lockers (men & women)
• Direct access from garage (for deliveries)
• Fire alarms
• CCTV cameras and alarm system
• Stereo with built in speakers.
• Flat screen TV
• Easy access

2 Kitchens include:
• Top of the range 16–20-piece pizza oven
• 2 Walk in fridges, 1 walk in freezer.
• Large stand-up fridge and freezer
• Dish washer
• Glass washer
• Ice machine
• 2 Dessert display fridges
• 3 Drink coolers
• 1 Dumbwaiter (food lift from downstairs kitchen to upstairs kitchen/restaurant)

Location

• Distance to Sea – 580 meters
• Distance to Beach – 850 meters
• Distance to Nearest Golf – 1.9km
• Distance from Airport – 35km
• Distance to Nearest School – 7km
• Distance to Nearest Town – 0km (Albufeira)

Other Info

• Condominium fees are €850 per year (general maintenance of building)
• €6000 per year for rental of 3 terraces
• Not included in the furnishings are the rented equipment from suppliers, for example coffee machine and wine coolers.
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