Investing in a restaurant near Praia Da Oura can be a lucrative venture, especially with a successful, refurbished establishment such as this one available for €240,000. Located in the bustling Albufeira area, this turnkey restaurant features outdoor terraces and seating for over 85 guests, catering to a vibrant mix of local patrons and tourists alike. The proximity to the beach creates a lucrative opportunity for high footfall and repeat business throughout the year.
The establishment covers an area of 80m², complete with all necessary furnishings and a modern kitchen equipped ready for trading. With the refurbishment completed in 2019, the restaurant enjoys a fresh, welcoming atmosphere perfect for attracting families and nightlife enthusiasts.
With a license allowing trading from 8 a.m. to 2 a.m., this venue is set up for extended hours, allowing for maximum revenue generation. Its location in a prime tourist area makes it a highly sought-after business opportunity, attracting visitors looking for dining options close to the beach.
Having been operated by the same owner for over 30 years, the history of success lends confidence and security to new buyers looking to step into an established brand. Furthermore, its close proximity to amenities such as golf courses and schools enhances its value as a community gathering point.
This restaurant is more than just a business; it's a chance to own a piece of the vibrant Algarve lifestyle. For potential buyers looking for a compelling investment, this property brings together great location, solid financial performance, and a fully operational model. Don’t wait! Contact us to discover more and book your viewing 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
