A budget of €240,000 is required to acquire this ready-to-operate restaurant close to Praia da Oura. The purchase offers a refurbished, fully equipped business in Albufeira with the ability to trade immediately. It suits buyers looking for a commercial investment near one of the Algarve’s most recognised beaches. The restaurant is approximately 1.3km from Praia da Oura and within walking distance of local amenities. Albufeira’s famous Strip provides a lively setting with strong appeal to holidaymakers and residents. The business has been successfully operated by the same owner for over 30 years. Its returning customers and family following may help provide continuity for a new operator. Refurbishment works included fresh painting, new tables and new seating throughout the venue. The restaurant has an 80m² customer area with a bar and two customer toilets. A sunny terrace accommodates 50 guests, with another 35 seats available indoors. The total capacity is therefore 85 people. The front can be opened using sliding doors and windows, making the layout suitable for open-air resort dining. A 20m² kitchen comes fully equipped for restaurant production. It includes a Zanussi gas oven, four-ring hob, double gas fryer, gas barbecue, large griddle and commercial refrigeration. Stainless-steel counters, double sinks and a staff hand sink are also provided. Two double garages offer useful storage space below the main premises. The basement area includes a staff room with WC and shower, plus a beer cooler and water equipment. The business is licensed to operate from 8am to 2am daily throughout the year, subject to verification by the buyer. Balaia golf course is approximately 4km away, and Faro International Airport is around 34.5km from the property. Possible income strategies include owner operation, a new restaurant concept or managed hospitality use, with returns dependent on trading performance and due diligence. Contact us today to arrange a viewing and evaluate this Algarve restaurant investment.
• 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
