A licensed, ready-to-trade bar and restaurant is available for sale in Albufeira, Algarve, at an asking price of €240,000. The business is fully fitted, furnished and equipped, allowing a purchaser to take over an established hospitality operation. Its licence permits trading from 8am until 2am daily throughout the year. Located on the busy Strip in Montechoro, the restaurant benefits from strong tourist visibility and convenient access to local amenities. The venue has been operating successfully with the same owner for over 30 years. Repeat clientele, including local families and returning visitors, contributes to its established trading profile. The 80 square metre restaurant includes a main dining area and bar. Seating is arranged for 35 customers inside and 50 guests across the sunny outdoor terraces. A recent refurbishment introduced new tables, new seating and fresh paint. The frontage opens with sliding doors and windows, creating a flexible indoor-outdoor atmosphere. The fully equipped 20 square metre kitchen is designed for immediate commercial use. Equipment includes a Zanussi gas oven, four-ring hob, two 10-litre gas fryers, gas barbecue grill and large gas griddle. Upright and long refrigerators, stainless-steel counters and double sinks are included. A staff hand sink and practical drainage area support food preparation and hygiene requirements. Two double garage storage areas provide room for stock and business equipment beneath the restaurant. The lower level also contains a staff room with WC and shower facilities. A 1,000-litre water storage tank, water softener and beer cooler add useful operational infrastructure. Praia da Oura beach is around 1.3 kilometres away, and Faro International Airport is approximately 34.5 kilometres from the premises. Buyers should review trading records and licensing arrangements when assessing rental potential, future income and possible ROI. Contact us to learn more about this turnkey Algarve hospitality opportunity and book 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
