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Why is this popular restaurant in Albufeira a great buy?

Restaurant in Albufeira

ref. VM1538
303.567CHF
  • B-
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This popular restaurant in Albufeira is a fantastic buy, primarily due to its established reputation and return clientele, ensuring continuous revenue for its owner. Located in a prime tourist area, just 1.3 km from Praia Da Oura beach, it offers exceptional visibility and foot traffic. The restaurant has a seating capacity of 85, with a blend of indoor and outdoor spaces that create an inviting atmosphere for both locals and tourists. Recently refurbished, the establishment boasts a contemporary look, equipped with the necessary amenities for immediate trading. The outdoor terraces are a particular highlight, perfect for enjoying meals in the sunny Algarve climate. Its licensing to sell from 8 a.m. to 2 a.m. provides flexibility in operation, maximizing sales opportunities through extended opening hours. The solid track record of over three decades of successful trading makes it a low-risk investment option, ideal for both seasoned restaurateurs and first-time business buyers. This restaurant not only offers an appealing lifestyle business in one of Europe’s most sought-after destinations but also serves as an invaluable asset in the thriving hospitality market. Take advantage of this remarkable opportunity; reach out now to explore this restaurant further.

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   +