Investing in a successful restaurant and B&B in the Algarve can be done by acquiring this unique property in Ferragudo. Priced at €2,550,000, this business opportunity combines a vibrant restaurant and 6 well-appointed B&B suites, creating multiple streams of revenue. The location is fantastic, with a bustling town square and proximity to the beautiful Arade River, making it highly attractive for tourists and locals alike. The restaurants have a seating capacity of 124, ideal for accommodating guests and local patrons. Additionally, the suites feature modern comforts including en-suite facilities, making them a desirable choice for visitors. Renovated in 2018, the property boasts a living area of 280m² and a pleasing outdoor terrace – perfect for summer dining. This opportunity comes with full ownership and goodwill of an already established business, reducing the initial efforts required to start. With excellent spend concentrations in the region, potential for year-round occupancy, and tourism growth, this represents a lucrative opportunity for potential investors. Don't miss your chance to invest in this integral part of Algarve's thriving hospitality market. Reach out today for more insights or to schedule an appointment!
• In Operation
• Living Area for suites 140m²
• Restaurant area 140m²
• Terrace area 70m²
• Seatings in total for 124 people
• 2 WC´s in Restaurant (1 Male / 1 Female)
• 6 Bedroom Suites all En-Suite
• Year of Construction 1952, Renovation 2018
• Distance to Beach 500m
• Close to Amenities
• In the Town Square
• Views of the Arade River
Investment and Business opportunity to purchase the freehold of the building as well as the goodwill of 2 businesses. Located in the town centre square on the Arade river in Ferragudo.
Ground Floor - Restaurant:
• Restaurant area - seating for 55 people
• Bar area
• Kitchen
• 2 w.c. (1 male & 1 women’s)
• 3 different “all inclusive” menu styles to suit your appetite
• Open every day from 08.00 until 22.30
First Floor – B&B Suites:
• Reception area
• 6 ensuite bedrooms (5 with showers / 1 with bath)
• All rooms have – Flat screen TV´s, Cable channels, Hairdryers, Towels, Bed linen
Extras rooms:
• Storage in cellar and attic
Outside:
• Terrace area – seating for 69 people
Amenities
• Wifi (Free for guests)
• A/C
• Alarm
Location
• 67.2km to airport
• 19m to town
• 14.9km to golf
Other Info
• Furniture included (exception of several personal items)
• €1,610 a year for terrace rent
