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Which refurbished restaurants in Albufeira have high tourist traffic?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
  • B-
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If you're looking for refurbished restaurants in Albufeira renowned for high tourist traffic, this property should be at the top of your list. Priced competitively at €240,000, this turnkey restaurant can host up to 85 patrons and features inviting outdoor terraces that are perfect for sunny Algarve days. Located just a stone's throw from the bustling Strip and 1.3 km from Praia Da Oura beach, it attracts both tourist and local clientele, ensuring robust foot traffic. The establishment has been under the same ownership for over 30 years, demonstrating its popularity and drawing consistent return visitors. The interior boasts modern renovations, with new furnishings and an efficient kitchen equipped with professional-grade appliances. Capitalising on its prime position, this restaurant leverages high visibility and accessibility, ideal for attracting new customers. As it operates with a full trading licence from 8 AM to 2 AM, the potential for revenue generation is significant. This opportunity not only offers an appealing business model but also a chance to invest in a beloved community landmark. Contact us today to learn more about this exciting offering!

Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
1990
Renovation Year
2019
Rooms
1
Usable area
80 m²
Fully Fitted, Fully Equipped
Basement
AC
All mains
• 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
Enquire Now   +