If you are looking to purchase a successful bar in a prime Albufeira location, look no further than this established restaurant and bar for €240,000. Nestled within the bustling 'Strip' area, this bar has been generating revenue successfully for over 30 years. Its design boasts an outdoor terrace with seating for 50 and an indoor area seating an additional 35, meeting the demands of a high tourist volume. Being only 1.2 km from the nearest beach, your clientele will easily flock to this vibrant venue. The fully equipped kitchen is a significant asset, complete with premium appliances, making it ready for immediate operation. The bar is licensed for round-the-clock service from 8 a.m. to 2 a.m., offering immense potential for profitability. The recent refurbishment adds to the ambience, appealing to visitors who seek both comfort and quality. Its prime location ensures you will benefit from steady foot traffic year-round, attracting families and returning customers alike. Investing in this bar means tapping into the numerous tourist attractions nearby, as well as benefiting from the investment in Albufeira's growing hospitality sector. This opportunity is ideal for serious buyers eager to make their mark in a thriving location. Don't wait—get in touch today to explore this promising business opportunity!
• Restaurant Area 80m²
• Sunny Outdoor Terraces
• Year of Construction 1990, Recently Refurbished
• In High Tourist Area
• Seating for 85 people
• Fully equipped ready to trade
• 1.3 km to the nearest beach of Praia Da Oura
This highly successful bar has been trading with the same owner for over 30 years with return clientele and families.
It is situated in the prime location of the famous 'Strip' of Albufeira just 1.2 km to the beach and within the town, close to all amenities.
The whole restaurant has been refurbished and painted with new seating and tables throughout. The whole front opens up with sliding doors and windows.
The bar has a licence to trade 8 a.m. until 2 a.m. daily all year round.
All furnishings and equipment are included in the price.
The business consists of:
• 80m² restaurant
• Sunny outdoor terrace
• Seating inside for 35 and outside for 50
• 20m² kitchen fully equipped with Zannusi gas oven and 4 ring hob, double chip fryer - gas 2 x 10 litres, gas BBQ grill, huge gas griddle, one upright fridge and one long fridge, stainless steel counters, double sink and drainage area + staff hand sink.
• Spiral staircase down to 2 x double garage storage including staff room with WC and shower.
• 1000 litre water storage tank and water softener + the beer cooler is here as well as the 'motor' for the long bar fridge so less heat generated upstairs.
• Main restaurant with bar area and 2 WC with own wash basins.
• Fire alarm system.
• Fully licensed from 8am to 2am
Location
• 1.3 km to the nearest beach of Praia Da Oura
• Walking distance to all amenities and beach
• 4 km to the nearest golf course at Balaia
• 34.5 km to Faro international airport
• 3.2 km to the nearest school
