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Why is investing in a restaurant near Praia Da Oura a good idea?

Restaurant in Albufeira

ref. VM1538
325.000€ 240.000€
  • B-
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Investing in a restaurant near Praia Da Oura is an excellent decision due to its strategic location, which draws numerous tourists and locals year-round. This refurbished, turnkey restaurant seats over 85 guests and features inviting outdoor terraces, making it ideal for the preferred dining style in the Algarve. The proximity to one of the most popular beaches, only 1.3 km away, ensures a consistent flow of customers seeking dining options. With a history of successful operation for over 30 years and loyal clientele, the restaurant promises a reliable revenue stream for prospective investors. The fully equipped kitchen and modern dining setup allow for immediate trading, eliminating lengthy renovation periods. Furthermore, the full licensing for daily operations from 8 am to 2 am adds to the business's versatility. This investment is not just a chance to enter the hospitality industry but also an opportunity to be part of the lively local culture in Albufeira. Contact us today to explore this promising investment opportunity!

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   +