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What is the cost of a turnkey restaurant for sale in Albufeira?

Restaurant in Albufeira

ref. VM1538
3.637.433SEK
  • B-
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This turnkey restaurant in Albufeira is priced at €395,000 and represents an excellent investment opportunity. Located in a prime spot within the bustling tourist area, it’s already generating revenue with a loyal customer base. The property features an 80m² restaurant area and facilities for indoor seating of 35 and outdoor terrace seating for 50, ideal for accommodating both locals and holidaymakers. With just over 1km to the nearest beach and a short drive to three golf courses, the location is highly desirable. The restaurant comes fully equipped and refurbished, ensuring it’s ready for immediate operation. The licensing allows trading from 8 am to 2 am, providing flexibility for various service offerings. This venue has been thriving for over 30 years under the same ownership, demonstrating its successful track record. The attractive outdoor terraces and modern décor enhance its appeal, making it a perfect choice for buyers looking to enter the hospitality sector. Contact us for further details about this exciting opportunity!

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
Enquire Now   +