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Business Opportunity – Successful Bar in Busy Albufeira 'Strip'

Bar in Albufeira

ref. VM1280
295.000€
  • NA
  • 28m2
  • 44m2
Usage
Commercial
Type
bar
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Rooms
1
Furnished
Fully
Living Area
28 m²
Plot Area
44 m²
• Restaurant Area 28m²
• Outdoor Terraces 44m²
• Refurbished in 2017
• In High Tourist Area
• Seating for 44 people
• Fully equipped ready to trade

This highly successful bar has been trading with the same owner for 20 years with return clientele and families.
It is situated in the prime location of the famous 'Strip' of Albufeira just 800 meters to the beach and within the town, close to all amenities.

The bar has a licence to trade 10 am until 7 am daily all year round, but currently uses just 11 am until 4 am.
All furnishings and equipment are included in the price. Completely gutted and refitted in 2017 with new bathrooms, bar area, seating booths and decorations.
The bar can be open all year round and has Perspex wind breakers and awning over the outside terrace and heating inside the bar for winter and air conditioning for the long summer season.

The business consists of:

• 28m² bar area
• 44m² outdoor terraces.
• Seating inside for 20 and outside for 24
• Fully fitted bar with 2 x glass fronted 3 door fridges, ice machine and glass washer, sink and extensive shelving plus under floor storage.
• 4 big screen TV's
• 2 x WC's with wash basin. (ladies & gents)
• Air conditioning/heating units
• Alarm
• Satellite system & Wi-Fi
• Stereo music system
• Fire alarm system
• Sound monitor

Location

• Just a 10 mins walk to the nearest beach of 'Areias de São João'
• Walking distance to supermarkets, post office, banks, pharmacies, schools, newsagents, and much more...
• 3 km to the nearest golf course at Balaia
• 35 mins drive to Faro international airport

Other Info

The sale is of the lifetime lease and a low monthly rental fee has already been agreed by the owner of the building.