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Why is this popular restaurant in Albufeira a great investment opportunity?

Restaurant in Albufeira

ref. VM1538
325.000€
  • B-
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This popular restaurant in Albufeira is a fantastic investment opportunity due to its successful track record and prime location. It has been running for over 30 years, enjoying consistent return clientele thanks to its welcoming atmosphere and quality service. The restaurant is situated in a bustling area that draws tourists and locals alike, providing a steady stream of customers year-round. With seating for over 85 people, including a sunny outdoor terrace, it is perfect for capturing both casual diners and night-time revellers. The recent refurbishment means all aspects of the business, from the kitchen to the dining area, are modern and appealing. Coupled with the licensing that allows operations from 8 a.m. to 2 a.m., there is significant scope for revenue generation. Additionally, the restaurant is just 1.3 km from Praia Da Oura and close to various amenities, ensuring convenience for customers. If you're looking for a commercial property that combines excellent foot traffic, an established brand, and a beautiful setting, look no further. Contact us today for more details and to discover how this restaurant could be your next successful venture!

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   +