Investing in a restaurant business near Praia Da Oura can be an exciting prospect, especially with this turnkey establishment now available for €395,000. This fully refurbished restaurant is strategically situated just 1.3 km from the beach and has thrived in this prime tourist and local area for over three decades. With impressive indoor and outdoor seating for over 85 guests, it offers a lucrative chance to tap into both the local clientele and seasonal tourists. The restaurant boasts a fully equipped kitchen, allowing for a seamless transition for new owners ready to trade. With a bar licence allowing business partners to operate from 8 am to 2 am daily, the opportunities for maximising revenue are boundless. The outdoor terraces create a vibrant dining experience that attracts guests year-round. Buyers can enjoy the long-term investment potential of this successful venue, which benefits from a loyal community following and repeat clientele. Surrounded by amenities, including shops and entertainment, this restaurant also appeals to visitors exploring the Albufeira area. Don't miss your chance to capitalise on this business opportunity; reach out today to schedule a viewing and discuss investment options further!
• 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
