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Why invest in a refurbished restaurant with a long-standing clientele in Albufeira?

Restaurant in Albufeira

ref. VM1538
325.000€
  • B-

Investing in this refurbished restaurant in Albufeira with a long-standing clientele is a smart choice at €325,000. The business has a proven track record of over three decades and benefits from a solid customer base that returns year-on-year. Located close to iconic local attractions and just a short walk to the beach, the restaurant's appeal is enhanced by its lively atmosphere and fully equipped amenities, making it an ideal place for diverse dining experiences. With seating for 85 patrons and a sun-filled terrace, it can accommodate large groups, especially during tourist peak seasons. The property’s refurbishment reflects modern aesthetics, encouraging great reviews and repeat visits. Additionally, it operates under a comprehensive licensing agreement which allows trading from early morning until late at night, maximising profit potential. Investing here means stepping into a well-established business with excellent growth opportunities in a sought-after tourism destination. Don’t wait too long; properties like this won’t last! Contact us to learn more.

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
• 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
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