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Where can I find a successful restaurant for sale near Praia Da Oura?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
  • B-
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This successful restaurant for sale is ideally located just over 1 km from Praia Da Oura, in one of Albufeira's busiest tourist areas. Perfect for buyers looking to invest in a thriving restaurant business, this turnkey opportunity comes equipped and ready for operation.
Spanning 80m², the restaurant accommodates 85 diners, making it perfectly positioned to benefit from the high seasonal foot traffic. The outdoor terrace, where guests can enjoy their meals in the sun, allows for a spacious al fresco dining experience. Having been recently refurbished, the restaurant boasts modern aesthetics, comfortable furnishings, and a fully-equipped kitchen, ensuring that new owners can hit the ground running.
The business has been in operation for over 30 years, showcasing its stable revenue stream and robust customer loyalty. Additionally, the restaurant is licensed to operate daily from 8 a.m. until 2 a.m., providing extensive flexibility for extending hours as needed.
Proximity to amenities, beaches, and a well-known golf course adds to its appeal, further enhancing investment potential. With low overheads supported by a strong brand and established clientele, prospective buyers will find this deal too good to pass up. Explore this fantastic investment opportunity today - contact us to schedule a viewing.

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   +