Investors can buy a refurbished restaurant with sunny outdoor terraces in Albufeira, Portugal, for €240,000. The business is positioned approximately 1.3 kilometres from Praia da Oura, combining a recognised tourist destination with an established local customer base. It offers a ready-to-trade format for buyers seeking a hospitality investment near the Algarve coast. The premises provide around 80 square metres of restaurant space and a separate 20 square metre kitchen. There are 35 indoor seats and 50 terrace seats, creating a total published capacity of 85 customers. The restaurant was refurbished in 2019 with updated tables, seating and decoration. Its broad frontage incorporates sliding doors and windows that connect the dining room with the terraces. Situated on Albufeira’s Strip, the business is within walking distance of shops, services and other amenities. The location can support varied trading patterns from holidaymakers, residents, families and returning guests. The same owner has operated the successful bar for more than three decades. This long trading history and repeat clientele provide useful foundations for evaluating future business performance. A full licence permits opening from 8am until 2am every day of the year. Included equipment ranges from a Zanussi gas oven and four-ring hob to gas fryers, a barbecue grill and a large griddle. The professional kitchen also contains refrigeration, stainless-steel worktops, sinks and a dedicated staff hand basin. Below the restaurant, two double garage storage areas provide valuable space for supplies and business operations. These areas include a staff room, WC and shower. Air conditioning, a fire alarm system, mains services and a 1,000-litre water storage tank add practical support. Balaia golf course is approximately 4 kilometres away, and Faro International Airport can be reached in about 34.5 kilometres. Potential rental income and ROI will depend on trading results, operating costs, management and the buyer’s business plan. Contact us today to explore this Algarve restaurant investment and arrange a private viewing.
• 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
