The best business opportunity for restaurants in Ferragudo lies in this well-established property featuring both a successful restaurant and a B&B operation. Set at €2,550,000, the investment includes a freehold building situated on the vibrant town square. With a total capacity for 124 guests, including the restaurant's 55-seat dining area and a 69-seat terrace, this locale is perfect for entertaining both local diners and international visitors. The property is equipped with modern amenities and updated facilities, offering a welcoming atmosphere for customers. Furthermore, the 6 ensuite B&B suites add an extra layer of income, capitalising on the year-round tourist influx to the Algarve. The restaurant currently operates from 08:00 until 22:30 every day, ensuring consistent revenue flow. Given its prime location just 500m from the nearest beach and various shopping amenities, this property stands out as an excellent business opportunity for aspiring hospitality entrepreneurs. Enhance your portfolio with this remarkable chance as the area continues to attract visitors. For more information about the property or to arrange a viewing, contact us 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
