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What is the cost of buying a successful restaurant in Albufeira?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
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The asking price for this successful restaurant in Albufeira is €240,000. Perfect for buyers looking to own a thriving business, this turnkey restaurant has been operating for over 30 years, attracting both locals and tourists with a loyal clientele. Recently refurbished, it boasts a spacious 80m² interior and additional seating for over 85 people, offering a fantastic investment opportunity in a high tourist area. Located just 1.3 km from the beautiful Praia Da Oura beach and within walking distance to local amenities, this restaurant also features outdoor terraces ideal for al fresco dining, enhancing the customer experience. The fully equipped kitchen includes modern appliances and has a robust bar area with a licence to trade from 8 a.m. to 2 a.m. daily. Nearby, you will find a golf course just 4 km away, making this a prime location for both tourists and residents. Furthermore, the property is approximately a half-hour drive from Faro airport, providing excellent accessibility. This establishment is an excellent choice for those seeking a profitable venture in a popular destination. Don't miss out on this opportunity—contact us now for further details!

Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Ãgua
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   +