For a successful bar and restaurant like this one in Albufeira, you can expect a price of €240,000, reflecting its turnkey status and prime location. This refurbished restaurant has served the community for over 30 years, illustrating its consistent performance and popularity among both locals and visitors alike. With a capacity for 85 guests and outdoor terraces for up to 50 patrons, this establishment is poised to cater to the busy tourism season effectively.
Located just 1.3 km away from the stunning Praia Da Oura, this restaurant benefits from high visibility in a bustling area known for its vibrant nightlife. The fully equipped kitchen and modern seating allow for seamless operation, making it an attractive prospect for serious buyers looking for profitable ventures in hospitality. The bar license permits operation from 8 a.m. to 2 a.m., allowing flexibility in service hours for breakfast, lunch, and late-night dining.
Additionally, the location close to leisure amenities, including a golf course only 4 km away, serves as a magnet for potential customers throughout the year. The realistic entrance price for this business opportunity, coupled with its standing reputation, makes it an ideal investment for those passionate about the food and beverage industry. Don’t wait—contact us today to learn more and book a viewing of this remarkable property!
• 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
