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What is the cost of a turnkey restaurant in a busy resort area?

Restaurant in Albufeira

ref. VM1538
2.426.760DKK
  • B-
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The cost of this turnkey restaurant in a busy resort area of Albufeira is €325,000. This successful, refurbished restaurant is strategically located in one of Albufeira's prime locations, catering to both locals and tourists. With the capacity to serve over 85 people, including outdoor terraces, it boasts a strong return clientele, making it a perfect investment opportunity. Just over 1km from the beach and within walking distance of all amenities, this establishment also offers easy access to a variety of attractions. The restaurant includes a fully equipped kitchen, comfortably seating for 35 inside and 50 outside, and a bar area. It has been tastefully refurbished, ensuring a pleasant atmosphere for diners. The restaurant is licensed to operate daily from 8 a.m. to 2 a.m., allowing for maximised revenue potential year-round. Additional features include a modern fire alarm system and ample storage. Given its history of successful operation and strategic location close to nightlife and family facilities, this property presents a substantial investment opportunity. Don't miss out on this chance to own a well-established business in the Algarve! Contact us today to schedule a viewing!

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   +