Buying this established restaurant investment on Albufeira’s famous Strip gives purchasers an opportunity to acquire a long-trading, fully licensed hospitality business. The restaurant is offered for sale at €240,000 and is positioned in a high-tourist area close to Praia da Oura. Its location, trading history and ready-to-use fit-out make it relevant to buyers seeking an operating business rather than an empty commercial unit. The same owner has run the bar and restaurant for more than 30 years. That history is supported by repeat customers, local families and returning tourists. The business is licensed to trade from 8 am until 2 am throughout the year. Inside, the 80 square metre restaurant seats 35 guests. Sunny terraces provide seating for a further 50 people, giving a total capacity of 85. The front of the premises opens through sliding doors and windows to create a more spacious and welcoming customer area. The property was refurbished in 2019 with new tables, seating and refreshed decoration. A 20 square metre commercial kitchen is included and is fully equipped for immediate operation. Its fittings include a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue and large griddle. The kitchen also has two fridges, stainless-steel counters and dedicated washing facilities. Two double garage storage areas offer room for supplies and include a staff room with WC and shower. A water storage tank, water softener and beer cooling system are located in the lower storage area. Customer facilities include two toilets with their own wash basins, while air conditioning assists with comfort during the Algarve summer. Praia da Oura is approximately 1.3 kilometres away, and the surrounding town amenities are within walking distance. Balaia golf course is about 4 kilometres away, with Faro International Airport approximately 34.5 kilometres from the business. The established customer base and tourism-focused location may support future revenue and rental potential, but buyers should complete their own accounts, market and return-on-investment assessment. Contact us today to discuss this established Albufeira business and arrange a confidential 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
