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What restaurant business opportunities are available on Albufeira’s famous Strip?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
  • B-

Buyers seeking a restaurant business opportunity on Albufeira’s famous Strip can acquire this established, refurbished operation for €240,000. The turnkey restaurant is fully equipped, licensed and ready to trade throughout the year. Its prime Montechoro location places it approximately 1.2 km from the beach at Praia da Oura and within walking distance of local amenities. The business has traded with the same owner for more than 30 years. It has built a strong reputation among residents, tourists and returning families. Customers can be seated inside and outside, creating capacity for up to 85 people. The interior provides seating for 35 guests. Sunny outdoor terraces accommodate a further 50 customers. The 80m² restaurant includes a welcoming bar and two customer toilets with their own wash basins. A recently completed refurbishment introduced new seating, tables, paintwork and a refreshed presentation. Sliding doors and windows across the front allow the restaurant to open towards the terraces. The 20m² commercial kitchen is fully fitted for immediate operation. Equipment includes a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue, large gas griddle, fridges and stainless-steel worktops. Additional facilities include a double sink, drainage area and separate staff hand basin. Two double garages provide storage, with a staff room, WC and shower included downstairs. The premises also has a 1,000-litre water storage tank, water softener and beer cooler. A full licence permits trading from 8am until 2am every day of the year. The location benefits from nearby accommodation, shops, restaurants, the beach and a busy tourist audience. With established clientele, extensive equipment and flexible opening hours, the business offers potential for continued trading or a new culinary concept. Contact us now to arrange a viewing of this Albufeira restaurant business for sale.

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
• 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   +