The cost of this beautifully refurbished restaurant in the heart of Albufeira is £325,000. This turnkey business is located just over 1 km from the beach, making it an ideal investment for buyers looking to tap into the high tourist traffic. Accommodating over 85 guests, this restaurant features bright and sunny outdoor terraces, perfect for enjoying the vibrant Algarve weather. Recently renovated, it boasts a modern, inviting interior that attracts both locals and tourists alike. Situated on the famous 'Strip', it benefits from guaranteed footfall thanks to its prime location. The restaurant has operated successfully for over 30 years, assuring buyers of a loyal and returning client base. Additionally, the venue is fully equipped and ready to trade immediately, with all furnishings included in the sale. This includes a well-equipped kitchen with a Zannusi gas oven and a spacious bar area, optimising for maximum operational efficiency. With a licensing to serve from 8 a.m. to 2 a.m., the potential for revenue generation is substantial. Nearby amenities, including grocery shops and entertainment venues, add to the appeal of this location. Notably, the site is also conveniently located about 4 km from the nearest golf course, making it appealing to both local residents and tourists looking for leisure activities. If you are considering a lucrative investment in the restaurant industry, this opportunity is not to be missed. Contact us now to schedule a viewing of this remarkable property!.
• 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
