The published budget to acquire this fitted restaurant close to Praia da Oura is €240,000. For that price, buyers receive a refurbished, fully equipped and licensed bar and restaurant business in Albufeira. The premises are approximately 1.3 kilometres from Praia da Oura and offer a practical entry point into the Algarve hospitality market. The restaurant sits on the famous Strip in Montechoro, within walking distance of amenities and the town’s busy visitor facilities. Its 80 square metre dining space is complemented by a 20 square metre fitted kitchen. Capacity is arranged as 35 indoor seats and 50 outdoor terrace seats, totalling 85 customers. The venue has been trading successfully with the same owner for more than 30 years. A loyal base of returning customers and families supports the business’s existing profile. The recent refurbishment included new seating, new tables and refreshed paintwork. Sliding doors and windows across the front create a bright connection between the interior and the sunny terraces. The business licence allows trading between 8am and 2am every day of the year. Kitchen equipment includes a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue grill and large gas griddle. Refrigerators, stainless-steel counters, double sinks and a staff hand sink are also included. Two double garage storage areas provide additional room for stock and operational equipment. The lower level contains a staff room with WC and shower facilities. A fire alarm, air conditioning, water softener and 1,000-litre water storage tank add useful infrastructure. All furnishings and equipment are included, reducing the need for a major initial fit-out. Faro International Airport is approximately 34.5 kilometres away, while Balaia golf course is around 4 kilometres from the restaurant. Prospective purchasers should examine accounts, running costs and licensing documents before forecasting ROI or rental income. Contact us today to confirm availability, review the opportunity and schedule a viewing near Praia da Oura.
• 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
