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Why should I consider purchasing a successful restaurant and B&B in Ferragudo?

Restaurant in Ferragudo

ref. LE2162
2.550.000€
  • B-
  • 6
  • 6
  • 280m2
  • 280m2
  • Alojamento Local

Purchasing a successful restaurant and B&B in Ferragudo presents an incredible opportunity for driven investors seeking a thriving business venture. This well-established property includes a bustling restaurant situated on the ground floor, alongside six fully-furnished en-suite suites on the first floor, promising a versatile income stream. Located at the heart of Ferragudo, just 500 metres from the beach, this setting is perfect for both leisure and business.

The asking price of €2,550,000 makes it an attractive investment within a highly sought-after market. The restaurant features contemporary dining space capable of seating 124 people and a well-designed kitchen, offering flexibility and multiple dining experiences through various menu styles. The B&B suites enhance customer satisfaction, providing modern comfort and amenities, such as flat-screen TVs and private baths.

With an annual terrace rent of €1,610, you can enjoy a lucrative business without excessive overhead costs. Given its prime location near local attractions and amenities, the potential for high occupancy rates and good returns on investment is substantial. This property is perfect for buyers looking to integrate lifestyle with investment.

Don't miss out on this exclusive chance to own a piece of Ferragudo's vibrant hospitality industry. Contact us today to learn more and schedule a viewing!

Usage
Commercial
Type
Restaurant
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (West)
Construction Year
1952
Renovation Year
2018
Rooms
7
Bedrooms
6
Bathrooms
6
Floors
2
Furnished
Negotiable
Living Area
280 m²
Plot Area
280 m²
Parking outdoors
Own Entrance, Fully Fitted, Modern
Storage, Office/Study
Alarm System
Double glazing, UVA Protection
Patio
Sea View, Panoramic View
• In Operation
• Living Area for suites 140m²
• Restaurant area 140m²
• Terrace area 70m²
• Seatings in total for 124 people
• 2 WC´s in Restaurant (1 Male / 1 Female)
• 6 Bedroom Suites all En-Suite
• Year of Construction 1952, Renovation 2018
• Distance to Beach 500m
• Close to Amenities
• In the Town Square
• Views of the Arade River

Investment and Business opportunity to purchase the freehold of the building as well as the goodwill of 2 businesses. Located in the town centre square on the Arade river in Ferragudo.

Ground Floor - Restaurant:
• Restaurant area - seating for 55 people
• Bar area
• Kitchen
• 2 w.c. (1 male & 1 women’s)
• 3 different “all inclusive” menu styles to suit your appetite
• Open every day from 08.00 until 22.30

First Floor – B&B Suites:
• Reception area
• 6 ensuite bedrooms (5 with showers / 1 with bath)
• All rooms have – Flat screen TV´s, Cable channels, Hairdryers, Towels, Bed linen

Extras rooms:
• Storage in cellar and attic

Outside:
• Terrace area – seating for 69 people

Amenities

• Wifi (Free for guests)
• A/C
• Alarm

Location

• 67.2km to airport
• 19m to town
• 14.9km to golf

Other Info

• Furniture included (exception of several personal items)
• €1,610 a year for terrace rent
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