If you’re looking to invest in a turnkey restaurant in the Algarve, this successful business is available for just €240,000. Located in the bustling Albufeira resort, it boasts a fully equipped restaurant area of 80m² with seating for over 85 people, making it a great opportunity for serious buyers. The refurbished establishment includes outdoor terraces that are popular among locals and tourists, promising a steady stream of return clientele.
The restaurant, situated only 1.3 km from Praia Da Oura beach, provides easy access to a vibrant tourist area, ideal for attracting visitors year-round. With a new lease on life since its refurbishment in 2019, the venue has been meticulously updated with modern seating and decor, ensuring a comfortable and inviting atmosphere for patrons.
Notably, the restaurant operates under a license allowing trading from 8 a.m. to 2 a.m. daily, maximising potential revenue opportunities. All furnishings and kitchen equipment, including a fully fitted 20m² kitchen with top-notch appliances, are included in the sale price, allowing you to hit the ground running.
Beyond its functional aspect, this restaurant's strategic position within Albufeira’s famous 'Strip' allows you to attract both tourists and locals alike. Proximity to all local amenities, including schools and golf courses, enhances its appeal as a thriving business venture.
With a record of 30 years of successful operation, the restaurant's history of repeat business speaks to its popularity and the credibility it offers an incoming owner. Take advantage of this thriving business opportunity in one of the Algarve's most cherished locations. Don’t miss out; contact us now to schedule a viewing!
• 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
