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How to invest in a fully equipped restaurant near Praia Da Oura?

Restaurant in Albufeira

ref. VM1538
455.988$
  • B-
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Investing in a fully equipped restaurant near Praia Da Oura is simple with this exceptional property available for €395,000. This turnkey establishment is strategically located just a short distance from the beach, appealing to both tourists and locals. The restaurant spans 80m² and features ample seating for over 85 guests, complemented by inviting outdoor terraces that enhance the dining experience.

Equipped with a modern kitchen featuring high-end appliances, including a gas oven and double chip fryer, this restaurant is ready for immediate operation and success. The premise has been recently refurbished, providing a fresh and contemporary environment ideal for attracting diners.

As a well-established business that has been under the same ownership for over 30 years, it boasts a loyal repeat clientele, ensuring a solid income stream. The property’s prime location on Albufeira's renowned tourist Strip guarantees consistent foot traffic, further strengthening the investment's viability.

With a comprehensive bar license allowing operations from 8 a.m. to 2 a.m., investors will benefit from flexible trading hours that increase revenue opportunities. The restaurant is also close to Faro airport, promoting convenient access for tourists and facilitating evening dining.

This investment is perfect for those looking to tap into Albufeira’s lucrative hospitality market. Schedule a viewing today to take the first step in acquiring this fantastic restaurant opportunity!

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   +