If you're looking to invest in a successful restaurant, this refurbished turnkey property in busy Albufeira could be your ideal opportunity. Located just 1.3 km from Praia Da Oura beach, this restaurant accommodates over 85 guests and has garnered a loyal clientele due to its prime location on Albufeira's famous 'Strip'. With a full bar license allowing operation from 8 a.m. to 2 a.m. all year round, this is a secure investment for ambitious buyers seeking profitability and growth.
The restaurant spans an area of 80m², featuring sunny outdoor terraces for al fresco dining that can seat up to 50 patrons. It boasts a fully equipped kitchen, recently refurbished with modern fittings, including a Zanussi gas oven and a double chip fryer among other appliances, ready for immediate trading.
Conveniently situated near various amenities, this business is within easy walking distance to the beach and offers great rental potential, perfect for those looking to invest in the thriving tourist sector of Albufeira. The building's adaptability lends itself not just to restaurant use but to various culinary concepts, tapping into the vibrant local dining culture.
With an asking price of €395,000, this restaurant not only offers a lucrative business model but also a lifestyle opportunity in one of the Algarve's most sought-after locations. Don’t miss your chance to step into a thriving hospitality venture in Albufeira. Contact us to schedule a viewing today!
• 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
