This turnkey restaurant in Albufeira is a fantastic investment opportunity, priced at just €240,000, appealing to those looking to enter the competitive hospitality scene. Located in a prime area known for its high tourist traffic, the restaurant features a well-configured 80m² space, catering to both locals and visitors. With seating for 85 and a beautiful outdoor terrace for 50 guests, it’s ideal for enjoying meals in the sunny Algarve climate.
Having operated successfully for over 30 years, the venue is well-known and has become a favourite among locals, ensuring a steady influx of repeat clientele. Fully refurbished recently, the decor and furnishings are modern and inviting, providing a welcoming atmosphere essential for any restaurant's success. The kitchen is fully equipped with top-notch appliances, making the establishment ready for immediate trade without any additional investment required.
Proximity to popular attractions, including Praia Da Oura, enhances its appeal, making it a prime dining choice for beachgoers and night owls alike. Licensed to operate until 2 a.m., the restaurant is positioned for significant revenue potential during peak tourist seasons.
The existing goodwill, comprehensive facilities, and ideal location contribute to its attractiveness as a superior investment compared to new builds that require extensive setup processes. Seize the opportunity to acquire a well-established restaurant in a vibrant community—contact us to arrange a viewing and explore this wonderful investment today!
• 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
