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Where can I find a profitable restaurant business opportunity in Algarve?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
  • B-
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A profitable restaurant business opportunity in the Algarve can be found in this successfully refurbished restaurant in Albufeira, listed at €240,000. Located just 1.3 km from Praia Da Oura and nestled in a busy tourist area, this property is not only popular with visitors but also has an established local clientele. The restaurant seats 85 and features inviting outdoor terraces, creating an appealing atmosphere that draws in patrons year-round. With over 30 years of successful operation under its current owner, this business presents excellent investment potential and a solid track record. The restaurant has been thoroughly renovated, ensuring it meets contemporary standards and includes all necessary equipment and furnishings to start operations immediately. Its prime location near the lively Strip makes for high visibility and easy access, further enhancing profitability. Additionally, the establishment is fully licensed to operate daily from 8 AM to 2 AM, allowing for extended trading hours. This opportunity is perfect for those wishing to invest in a vibrant area with a strong tourism sector. For more information and to seize this chance, contact us now!

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   +