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What are the details of a refurbished restaurant for sale in Albufeira's busy resort?

Restaurant in Albufeira

ref. VM1538
278.603£ 205.737£
  • B-
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For buyers seeking a refurbished restaurant in Albufeira's busy resort area, this property offers an attractive opportunity for €240,000. Located near the bustling 'Strip', this restaurant is only 1.3 km from Praia Da Oura beach, ensuring a steady influx of tourists all year round. The restaurant is fully equipped and ready for business, featuring a spacious 80m² area that has been newly refurbished. Its layout accommodates 35 indoor guests and 50 on the outdoor terrace, making it perfect for catering to larger groups. The kitchen is equipped with professional appliances, allowing seamless culinary operations. Since it's been trading reliably for over 30 years, this venue boasts a solid and loyal customer base. The property also has a licensing agreement permitting trading from 8 a.m. to 2 a.m., offering extended opportunities for revenue. Nearby amenities, including shops and attractions, further enhance its appeal. This restaurant is not just an investment; it's a gateway to continuing a successful legacy in a vibrant market. Don’t miss this opportunity—get in touch today to learn more about this fantastic property!

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   +