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What are the expenses for a contemporary restaurant featuring a gallery in Ferragudo?

Restaurant in Ferragudo

ref. LE1296
925.000€
  • C
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When considering the expenses for a contemporary restaurant featuring a gallery in Ferragudo, potential buyers should take into account the purchase price of €925,000 for this exceptional property. With a total area of 581 m², the restaurant's operational costs will vary based on utilities, permits, and maintenance. The property includes two floors, ensuring generous space for dining and kitchen operations, along with outside terraced areas set up for seating expansion. Located prominently in Ferragudo’s centre, the restaurant benefits from significant foot traffic which contributes to customer acquisition without heavy marketing costs. There are additional expenses like the annual condominium costs, which amount to €720, facilitating management of shared areas and utilities. Operating a restaurant also incurs costs for staff, food supplies, and marketing that need consideration when planning your investment. This contemporary space embraces high ceilings and an open layout, perfect for creating an inviting dining atmosphere. Utilizing the gallery area can provide unique dining experiences, versatile for events or special gatherings. Ferragudo itself is a thriving community which not only adds to the restaurant’s appeal but supports its long-term viability. For serious buyers keen on exploring investment opportunities, this property has the potential for high returns and profitability in an enviable location. Contact us now for a detailed breakdown of expenses and more insights into this promising investment!

Usage
Commercial
Type
Restaurant
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (Central)
Construction Year
2009
Floors
2
Usable area
576 m²
Tarmac
Parking outdoors
New Tiles
Pre-Installed AC
All mains
Double glazing, PVC
Communal gardens
• Business not in operation
• Total area 581m²
• Ground floor 408m²
• Gallery 168m²
• Constructed 2009
• Nearest beach 400m

Ferragudo is a small attractive fishing town located on the mouth of the river Arade and has a close-knit community of Portuguese and expats alike. Impressively, Ferragudo has managed to maintain much of its traditional charm, escaping the typical wholesale development that has invaded the Algarve coast line and surrounding towns. Consisting of typical whitewashed cottages, low rise buildings and a warren of cobbled streets. Located directly on the river front with many cafes, bars and restaurants where you can not only eat the catch of the day but watch it being unloaded. For such a small town there are many focal points including the church which sits prominently on the top of the hill in the center of the town. The 16th century medieval castle, Castelo de Sao Joao located on Angrinha beach and a cute little lighthouse also set the scene for this quaint, relaxed little town. Ferragudo also boasts an array of fine beaches ranging from small and sleepy to the aptly named, Praia Grande where you can partake in a number of water sports and activities.

Located on the ground floor of a modern apartment building on the main street in Ferragudo, this large commercial property is designed to be very open and spacious with high ceilings and tall pillars. Consisting of two floors, the ground floor has many windows and an outside terraced area with potential to expand the seating. The ground floor consists of a large open, high ceilinged dining room and 3 client wc´s, one of which is disabled. The service area consists of a bar followed by kitchen which has 5 storage rooms, 2 staff bathrooms with shower and changing rooms. On the top floor you will find the second dining room, a large gallery which overlooks the ground floor.

Amenities

• Centrally located
• 5 storage rooms
• Disabled friendly
• Close to all amenities

Location

• Nearest beach 400m
• Nearest golf 4km
• Distance from airport 66km
• Nearest school 1km
• Nearest town 100m
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