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How much do refurbished restaurants in prime tourist locations cost?

Restaurant in Albufeira

ref. VM1538
325.000€
  • B-
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In the heart of Albufeira, refurbished restaurants in prime tourist locations, like our featured one, typically start around €325,000. This successful establishment covers 80m² and is strategically located near the famous 'Strip', ensuring a steady flow of visitors year-round. The renovation done in 2019 ensures that the property is modern and attractive to both locals and tourists alike, increasing its desirability and profitability. The restaurant has a capacity for over 85 diners, and its outdoor terraces are particularly coveted, accommodating up to 50 guests outside. Furthermore, its proximity to the beach—only 1.3 km away—places it in a prime location, drawing in beachgoers looking for a fantastic meal. If you're considering an investment in Albufeira's vibrant dining scene, this refurbished restaurant offers both an established client base and an appealing environment. With an included license to operate daily from 8 a.m. to 2 a.m., the potential for revenue generation is excellent. Don't miss this lucrative opportunity in a sought-after location where demand for dining exceeds supply. Reach out today to discuss pricing and view the property.

Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
1990
Renovation Year
2019
Rooms
1
Usable area
80 m²
Fully Fitted, Fully Equipped
Basement
AC
All mains
• 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
Enquire Now   +