An established ready-to-trade restaurant business is available to acquire in a prime Albufeira resort location for €240,000. This turnkey opportunity combines an operating history of more than 30 years with a recently refurbished 80 m² restaurant and bar. It is located on Avenida Sá Carneiro in Montechoro, close to Albufeira’s entertainment district and local amenities. The business is suitable for buyers wanting to enter the Algarve hospitality market with an equipped premises rather than a vacant unit. Its seating capacity reaches 85 customers in total. Thirty-five seats are located inside and 50 are arranged across the outdoor terraces. The terraces benefit from strong sunshine and provide an appealing setting for tourist and local trade. The entire frontage opens with sliding doors and windows for a flexible indoor-outdoor atmosphere. The premises include a fully fitted 20 m² kitchen. Installed equipment comprises a Zanussi gas oven, four-ring hob, double gas chip fryer and gas barbecue grill. A large gas griddle, upright fridge and long fridge are also available. Stainless-steel counters, a double sink, drainage area and staff hand basin support day-to-day service. The main restaurant contains a bar and two customer toilets with their own wash basins. Basement-level storage is accessed by a spiral staircase and includes two double garages. One storage area contains a staff room with WC and shower. The property also benefits from a fire alarm system, water softener and 1,000-litre water storage tank. Licensed hours run from 8 am until 2 am daily throughout the year. Praia da Oura beach is around 1.3 km away, while Balaia golf course is approximately 4 km distant. Contact us now to arrange further information or a viewing of this Albufeira business opportunity.
• 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
