This refurbished restaurant stands out as a top choice for investors in the Algarve for its prime location and profitable history. Located in the heart of Albufeira, it has successfully catered to both tourists and locals for over 30 years, generating a loyal customer base and sustainable profitability. The investment price of €240,000 offers a competitive entry into the vibrant hospitality market of the region.
The restaurant's attractive features include a spacious 80m² interior and outdoor seating for 50 patrons, optimally utilising the beautiful Algarve climate for year-round appeal. Fully equipped with modern culinary appliances and a license for extended trading hours, from 8 a.m. to 2 a.m., this establishment is poised to capture both daytime and night-time dining clientele. Its strategic location, just 1.3 km from Praia Da Oura beach and near key amenities, guarantees consistent foot traffic and visibility.
With a recent refurbishment, new owners can enjoy a fresh and inviting atmosphere without the burden of extensive renovations. The restaurant also provides a solid foundation due to its established operations, complete with repeat clientele ensuring ongoing profitability. As a versatile investment with significant long-term returns, it is a remarkable opportunity not to be missed. If you're ready to step into a lucrative business venture, reach out to us immediately to schedule a 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
