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What is the cost of a successful restaurant in a busy tourist area?

Restaurant in Albufeira

ref. VM1538
4.529.941NOK
  • B-
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The cost to own a successful restaurant in Albufeira's busy tourist area is set at €395,000, a competitive price for a fully equipped and refurbished establishment. This restaurant has demonstrated consistent profit over many years and enjoys a loyal clientele, making it an attractive opportunity for serious buyers. With the capacity to serve over 85 patrons, the venue is not only spacious but also conveniently situated just 1.3 km from Praia Da Oura, a prime tourist destination.

This restaurant features outdoor terraces, allowing for a picturesque dining experience which is essential for attracting summer visitors. Since its completion in 1990, the property has undergone extensive renovations and is now ready for immediate trade, including all essential furnishings and equipment.

Operational daily from 8 a.m. to 2 a.m., this venue caters to a diverse range of guests, enhancing its appeal. Furthermore, the property’s close proximity to local amenities ensures that it remains an integral part of the community.

With its strategic location on the famous Strip, the restaurant benefits from heavy foot traffic, drawing in both tourists and locals alike. Those looking to invest in a promising venture should note the restaurant's proven track record and potential for high return on investment (ROI).

Do not miss out on such a rare opportunity in Albufeira. Reach out to us for more details or to schedule a viewing of this profitable restaurant!

Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
1990
Renovation Year
2019
Rooms
1
Usable area
80 m²
Fully Fitted, Fully Equipped
Basement
AC
All mains
• 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
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