The asking price for this prime restaurant and B&B in the Algarve is €2,550,000. Located in the picturesque town centre of Ferragudo, the property includes both a successful restaurant and 6 well-appointed guest suites. The restaurant features numerous seating settings, accommodating 124 guests and is equipped with a dedicated bar and full kitchen. Buyers looking to invest in a business situated in a bustling area that sees high tourist traffic could find this opportunity unmissable. The first-floor accommodation suite offers 6 en-suite bedrooms, enhancing the appeal for visitors looking to experience the charm of Ferragudo. This property benefits from its proximity to the beach, just 500m away, and local attractions, which boosts its rental potential significantly. It’s also strategically located in the town square, ensuring visibility and accessibility, a major draw for any B&B or restaurant operation. An excellent ROI is anticipated based on the successful operation of both businesses. Are you ready to explore a lucrative investment? Reach out today for more details!
• 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
