The cost of a restaurant near the beach in Albufeira is currently €395,000. This successful and refurbished establishment is ideally situated just 1.3 km away from Praia Da Oura, one of the Algarve's best-known beaches. The restaurant includes ample indoor seating for 35 guests and an outdoor terrace that accommodates up to 50, creating a welcoming environment for diners wanting to enjoy their meals in the sunshine. Perfect for buyers interested in a seaside dining experience, it has been operating smoothly with the same ownership for over three decades, ensuring a loyal customer base and an established presence in the local dining scene. This turnkey operation comes fully licensed, allowing it to operate from 8 a.m. to 2 a.m. every day, maximising potential revenue from breakfast through to late-night dining. This property not only offers the benefit of a sought-after location but also plenty of opportunities for growth and profitability. Don't miss out on acquiring a slice of the Algarve restaurant scene.
• 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
