Refurbished restaurants in Albufeira's busy tourist areas typically start around €240,000, and this restaurant for sale fits that profile perfectly. Located just over a kilometre from Praia Da Oura beach, it is an established venue with 30 years of successful trading, welcoming a mix of tourists and locals, which offers great revenue potential. This turnkey property is fully equipped and ready for immediate operation, making it a valuable investment for those looking to enter the hospitality sector.
The refurbishment enhances the appeal of the space, showcasing a modern aesthetic with comfortable seating for 85 guests, both indoors and outdoors. The restaurant features a bright dining area that can be fully opened up during the warmer months, creating a pleasant atmosphere. Moreover, the property includes a fully fitted kitchen with high-quality equipment, adding to its operational efficiency.
Investing in a business in this area also comes with the advantage of a strong customer base due to its proximity to local attractions. With a bar license allowing operation from 8 a.m. to 2 a.m., there is ample opportunity for increased earnings through both daytime and late-night service. Familiarise yourself with the vibrant lifestyle of Albufeira by investing in this profitable restaurant. Reach out for more details or to arrange a viewing today!
• 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
