The cost of this turnkey restaurant in Albufeira is €325,000. Located just over 1 km from the beautiful Praia Da Oura beach, this refurbished restaurant is fully equipped and has been a successful business for over 30 years with many loyal customers. With a capacity to seat 85 patrons and outdoor terraces that are popular among tourists, it ensures a steady flow of clientele throughout the year. The prime location in the bustling resort area of Albufeira offers not only high visibility but also easy access to amenities and local attractions. The interior is designed to create a welcoming atmosphere, enhanced by sliding doors that open to the outdoor space, perfect for al fresco dining. Investors will appreciate the fully licensed bar operating from 8 a.m. to 2 a.m., which allows for round-the-clock service, maximising revenue potential. With all furnishings and equipment included in the sale, buyers can step right into a profitable venture without additional investment. Albufeira is known for its thriving tourism, making this restaurant an attractive investment with great rental and ROI potential. Whether you’re looking for a family business or an investment opportunity, this property is ideal for ambitious buyers. Don’t miss out on this lucrative opportunity; contact us to discuss further and 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
