A buyer should allow €240,000 for this fully fitted restaurant business close to Praia da Oura in Albufeira. The asking price includes the restaurant’s furnishings, commercial equipment and established operating set-up. Located approximately 1.3 kilometres from Praia da Oura beach, it offers a tourism-oriented position in the Algarve. The premises sit on the famous Strip in Montechoro and are close to shops, services and other amenities. This is a business purchase rather than a residential property, so buyers should also budget for professional advice, transaction costs, insurance, staffing and ongoing operating expenses. The restaurant covers approximately 80 square metres and can seat 85 customers. Seating is divided between 35 indoor places and 50 terrace places. Sunny outdoor terraces create additional capacity for holiday visitors and local diners. The business is fully licensed to trade from 8 am until 2 am every day throughout the year. It has been trading under the same ownership for more than 30 years. Its returning clientele includes families, local residents and tourists. The restaurant was refurbished in 2019 with new tables, seating and decoration. Sliding doors and windows across the frontage allow the internal area to open towards the terraces. A fully equipped 20 square metre kitchen is included in the sale. Installed equipment includes a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue and large gas griddle. The kitchen also provides refrigeration, stainless-steel counters, sinks and drainage facilities. Two double garage storage areas offer space for stock and include a staff room with WC and shower. Additional infrastructure comprises a 1,000-litre water tank, water softener, beer cooler, air conditioning and fire alarm system. Two customer toilets with their own wash basins serve the main restaurant and bar. Balaia golf course is approximately 4 kilometres away, and Faro International Airport is around 34.5 kilometres from the premises. The established trade and popular resort setting may create future income or rental potential, although no specific ROI or financial performance is guaranteed and buyers should carry out due diligence. Contact us today to confirm the purchase costs, review the documentation and arrange 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
