Investing in a restaurant with B&B suites in Algarve has never been easier with this incredible opportunity in Ferragudo, priced at €2,550,000. This purchase includes the freehold of a thriving restaurant and six en-suite B&B suites, making it an ideal choice for potential buyers seeking a lucrative business venture. The ground floor restaurant, featuring a modern bar and kitchen area with seating for 55, is already operational, catering to both locals and tourists in a bustling waterfront location. Each of the six en-suite suites on the first floor is designed for comfort and equipped with essentials, such as flat-screen TVs and air conditioning, ensuring guest satisfaction and repeat business. Being situated just moments from the beach and local amenities enhances its appeal, making it a promising investment for Airbnb or short-stay rentals. With rental income from the suites and restaurant profits, investors can look forward to solid returns. This combined business model allows for multiple income streams and diversification within the hospitality sector. If you're serious about entering the hospitality industry, this is the perfect chance. Reach out for further information on how to make this investment yours.
• 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
