Investing in this refurbished restaurant on Albufeira’s famous Strip offers a ready-to-trade business opportunity priced at €240,000. The venue combines a prime tourist location, established customer loyalty, full equipment and a licence to operate from 8am to 2am. It has traded successfully with the same owner for more than 30 years. Locals, tourists and returning families already recognise the business. The restaurant is approximately 1.3 kilometres from Praia da Oura beach. Its central position also places shops, services and other amenities within walking distance. The customer area measures about 80 square metres and includes a bar. Seating is available for 35 guests indoors and 50 people on the sunny terraces. The terraces provide valuable flexibility for daytime dining, evening meals and seasonal visitor demand. Refurbishment completed in 2019 included new tables, seating and fresh decoration. The front elevation opens with sliding doors and windows, improving flow between the interior and exterior. A 20 square metre commercial kitchen is supplied with equipment for immediate operation. Included items comprise a Zanussi gas oven, four-ring hob, double chip fryer, gas barbecue and large gas griddle. Two refrigerators, stainless-steel counters, sinks and drainage facilities are also in place. Two double garages provide storage, together with a staff room, WC and shower. The premises include a 1,000-litre water storage tank, water softener and beer cooling equipment. A fire alarm system, air conditioning and two customer toilets add to the operational specification. The proximity of Balaia golf course, approximately 4 kilometres away, broadens the potential customer base. Faro International Airport is about 34.5 kilometres away, making the business accessible to international buyers and staff. The established trading history may offer a stronger starting point than launching a new restaurant, although buyers should complete their own financial and legal assessment. Contact us now to arrange a viewing and assess the investment potential of this Albufeira restaurant.
• 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
