Owning a restaurant and B&B business in the Algarve, particularly in Ferragudo, provides myriad benefits for aspiring entrepreneurs. With a purchase price of €2,550,000, this thriving property features a successful restaurant and six modern en-suite rooms that not only promise a lucrative income but also a fulfilling lifestyle. The well-established restaurant attracts both locals and tourists, thanks to its prime location in the town square and proximity to the beach, just 500 metres away.
This dual-purpose investment allows owners to diversify their income streams; the restaurant serves 124 guests comfortably, creating a lively and profitable dining atmosphere year-round. Meanwhile, the accommodation aspect, complete with flat-screen TVs and air conditioning, caters to holidaymakers in search of a comfortable stay, enhancing overall occupancy rates.
The area's breathtaking scenery and cultural richness contribute to its appeal, positioning Ferragudo as a top destination for visitors. Additionally, with a growing influx of tourists each year, the demand for both dining and lodging options continues to rise. This property, fully renovated in 2018, comes with the potential for expansion and increased services, providing an excellent return on investment. Embrace the opportunity to own a piece of Algarve's charm and contact us to explore this unique offering today!
• In Operation
• Living Area for suites 140m²
• Restaurant area 140m²
• Terrace area 70m²
• Seatings in total for 124 people
• 2 WC´s in Restaurant (1 Male / 1 Female)
• 6 Bedroom Suites all En-Suite
• Year of Construction 1952, Renovation 2018
• Distance to Beach 500m
• Close to Amenities
• In the Town Square
• Views of the Arade River
Investment and Business opportunity to purchase the freehold of the building as well as the goodwill of 2 businesses. Located in the town centre square on the Arade river in Ferragudo.
Ground Floor - Restaurant:
• Restaurant area - seating for 55 people
• Bar area
• Kitchen
• 2 w.c. (1 male & 1 women’s)
• 3 different “all inclusive” menu styles to suit your appetite
• Open every day from 08.00 until 22.30
First Floor – B&B Suites:
• Reception area
• 6 ensuite bedrooms (5 with showers / 1 with bath)
• All rooms have – Flat screen TV´s, Cable channels, Hairdryers, Towels, Bed linen
Extras rooms:
• Storage in cellar and attic
Outside:
• Terrace area – seating for 69 people
Amenities
• Wifi (Free for guests)
• A/C
• Alarm
Location
• 67.2km to airport
• 19m to town
• 14.9km to golf
Other Info
• Furniture included (exception of several personal items)
• €1,610 a year for terrace rent
