The asking price for a thriving restaurant and six en-suite B&B suites in Ferragudo is €2,550,000. This fantastic investment opportunity includes the freehold of the building and the goodwill of two established businesses, perfectly situated in the town centre square on the picturesque Arade River. The restaurant boasts a spacious area of 140m² with seating for 55 diners and operates year-round, making it an attractive proposition for buyers looking to enter the hospitality industry.
The B&B features six well-appointed suites, each with an en-suite bathroom, ensuring privacy and comfort for guests. Additionally, the property is just 500 metres from the beach and is conveniently close to local amenities, enhancing its appeal for both tourists and locals. With significant seating both inside and on the terrace, it can accommodate a total of 124 customers, providing plenty of scope for growth.
Renovated in 2018, the building combines modern amenities with traditional charm, making it an ideal backdrop for both dining and lodging. The restaurant’s culinary offerings are diverse, featuring three inclusive menu styles to cater to various tastes. Furthermore, the inclusion of all furniture (excluding personal items) simplifies the handover process. This combination of prime location, existing success, and attractive amenities make it a sought-after venture. Potential buyers will appreciate the annual terrace rent of €1,610, allowing for steady profit margins.
Contact us now to explore this unique opportunity and schedule a viewing!
• In Operation
• Living Area for suites 140m²
• Restaurant area 140m²
• Terrace area 70m²
• Seatings in total for 124 people
• 2 WC´s in Restaurant (1 Male / 1 Female)
• 6 Bedroom Suites all En-Suite
• Year of Construction 1952, Renovation 2018
• Distance to Beach 500m
• Close to Amenities
• In the Town Square
• Views of the Arade River
Investment and Business opportunity to purchase the freehold of the building as well as the goodwill of 2 businesses. Located in the town centre square on the Arade river in Ferragudo.
Ground Floor - Restaurant:
• Restaurant area - seating for 55 people
• Bar area
• Kitchen
• 2 w.c. (1 male & 1 women’s)
• 3 different “all inclusive” menu styles to suit your appetite
• Open every day from 08.00 until 22.30
First Floor – B&B Suites:
• Reception area
• 6 ensuite bedrooms (5 with showers / 1 with bath)
• All rooms have – Flat screen TV´s, Cable channels, Hairdryers, Towels, Bed linen
Extras rooms:
• Storage in cellar and attic
Outside:
• Terrace area – seating for 69 people
Amenities
• Wifi (Free for guests)
• A/C
• Alarm
Location
• 67.2km to airport
• 19m to town
• 14.9km to golf
Other Info
• Furniture included (exception of several personal items)
• €1,610 a year for terrace rent
