Investing in a restaurant in Albufeira presents a lucrative opportunity due to its high tourist footfall and thriving local community. This successful, refurbished restaurant is strategically located just over 1 km from the beautiful Praia Da Oura beach, placing it in an ideal position to attract a diverse clientele year-round. Having operated successfully for over 30 years, the restaurant has developed a loyal customer base, proving its viability as a sound investment.
The property already comes fully equipped and ready for trading, saving potential purchasers a significant amount on initial setup costs. With a capacity for 85 diners and a delightful outdoor terrace accommodating 50 guests, this restaurant is perfect for maximising patronage during peak tourist seasons. Additionally, it features a bar license permitting service from 8 a.m. to 2 a.m., enhancing its revenue capabilities throughout the day and into the night.
The vibrant location within the famous Albufeira 'Strip' means there's continuous foot traffic and exposure, increasing the chance to capture more customers. Plus, being close to other amenities such as shops, schools, and a golf course enriches the overall appeal for both clients and future investors. Now is the time to seize this exceptional opportunity and invest in a turn-key restaurant business in one of the Algarve's most sought-after destinations. Contact us to learn more or to set up your 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
