This Algarve restaurant investment opportunity in Albufeira is fully licensed to trade until 2am daily. The business is offered for €240,000 and can operate from 8am to 2am throughout the year. It is a successful, refurbished bar and restaurant in a prime tourist location. The premises are situated on Albufeira’s famous Strip in Montechoro. Praia da Oura beach is approximately 1.3km away, placing the business close to a major visitor attraction. The restaurant has traded under the same owner for over 30 years. Returning clientele, local families and tourists contribute to its established trading profile. Buyers can acquire the business with furnishings and equipment included in the asking price. The 80.4m² restaurant provides a practical base for immediate operation. Sunny outdoor terraces extend the available customer area and suit the Algarve lifestyle. There are 35 indoor seats and 50 outdoor seats, giving a total capacity of 85 people. The fully equipped 20m² kitchen supports a broad food service operation. It includes a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue and large gas griddle. Upright and long fridges, stainless-steel counters and commercial sinks are also included. The premises have two double garage storage areas with a staff room, WC and shower. A beer cooler, 1,000-litre water storage tank and water softener add useful infrastructure. The bar and dining area also include two customer WCs with their own wash basins. Air conditioning and a fire alarm system provide further operational features. The early opening and late closing licence can help an operator serve several trading periods each day. Potential income streams may include breakfast, daytime meals, evening dining, drinks and late-night service, subject to the buyer’s business plan and operating costs. Balaia golf course is around 4km away, while Faro International Airport is approximately 34.5km from the restaurant. Contact us to evaluate this licensed Albufeira business investment and arrange a 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
