If you're looking for a turnkey restaurant investment in Albufeira, this refurbished, successful restaurant could be your perfect opportunity. Located in a prime area frequented by both locals and tourists, it comfortably seats over 85 guests and boasts sunny outdoor terraces ideal for enjoying meals al fresco. Just over 1km from Praia Da Oura, it has been thriving under the same ownership for over 30 years, highlighting its excellent reputation and repeat clientele. The restaurant is equipped with everything you need to start trading immediately, from a fully fitted kitchen to an inviting bar area. With a business licence extending from 8 a.m. to 2 a.m. every day, the potential for high turnover is significant. The vibrant atmosphere complements its prime location, making it an ideal spot for tourists visiting the Algarve, while the locals appreciate the warm and welcoming vibe. Furthermore, the restaurant's recent refurbishment enhances its appeal further, showcasing modern furnishings in a well-designed space. You're just a stone's throw away from key amenities, enhancing its attractiveness to customers. Given its proven track record, this restaurant represents an excellent investment opportunity for those looking to enter the hospitality market in sunny Albufeira. Contact us now to schedule a viewing and start your journey towards ownership.
• 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
