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What is the price of a successful restaurant in Albufeira's prime location?

Restaurant in Albufeira

ref. VM1538
3.859.179NOK
  • B-
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This highly successful restaurant in Albufeira is currently on the market for €395,000. Located in one of the prime areas, it attracts both locals and tourists, boasting a loyal clientele. The establishment spans 80m² and includes a fully equipped kitchen, allowing you to start trading immediately. With seating for over 85 people and inviting outdoor terraces, your patrons can enjoy their meals nearly 1.3 km from Praia Da Oura beach. The restaurant has undergone recent refurbishments, ensuring an appealing atmosphere. Just around the corner from the famed 'Strip', this location is ideal for attracting foot traffic and repeat business. Moreover, the bar licence allows trading daily from 8 a.m. until 2 a.m., maximising your earning potential. The bustling environment of Albufeira caters to a thriving tourism industry, which can offer great returns for investors. Other nearby amenities include golf courses just 4 km away and easy access to Faro airport. This well-established venue has been traded successfully for over 30 years, making it a remarkable investment opportunity. Don't miss out on this lucrative chance to own a business in such a vibrant area. Contact us today for more information!

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   +