The asking price is €240,000 for a successful turnkey restaurant business near Praia da Oura in Albufeira. It is a refurbished, fully equipped operation ready to trade in a busy tourist area. Buyers are acquiring an established bar and restaurant with more than 30 years of trading history and a loyal return clientele. The 80.4 square metre restaurant is positioned on the famous Strip in Montechoro. Praia da Oura beach is approximately 1.3 kilometres away. The venue can seat 85 people in total. Indoor seating accommodates 35 guests, while the sunny outdoor terraces provide space for a further 50. The front opens through sliding doors and windows, creating an appealing open-air atmosphere. A 20 square metre commercial kitchen is fully fitted for immediate operation. Equipment includes a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue grill and large gas griddle. Refrigeration, stainless-steel counters, sinks and drainage facilities are also included. The sale includes all furnishings and equipment, helping reduce the cost and delay of setting up a new restaurant. A licence permits trading from 8 am until 2 am every day throughout the year. The premises also include a bar area, two customer toilets and a fire alarm system. Two double garages provide useful storage, together with a staff room, WC and shower. A 1,000-litre water storage tank, water softener and beer cooler are located in the lower storage area. The business benefits from walking-distance access to local amenities, the beach and the resort’s tourist footfall. Balaia golf course is about 4 kilometres away, and Faro International Airport is approximately 34.5 kilometres distant. Its established trading record and tourist location may support future rental or operating income, although buyers should complete their own financial assessment. Contact us now to arrange a viewing and explore this Albufeira 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
