The cost of a turnkey restaurant business in Albufeira's busy resort area is €395,000, presenting a lucrative investment option in a highly sought-after location. This successful and fully refurbished restaurant boasts a prime spot on the famous 'Strip' and attracts both tourists and locals alike.
Spanning 80 m², the restaurant is designed to accommodate 85 patrons, featuring both indoor and outdoor seating. Just 1.3 km from Praia Da Oura beach, it's well-placed to attract foot traffic from sunbathers and tourists looking for delightful dining options after a day at the beach.
The facility comes with a fully equipped kitchen, allowing immediate operation without the need for renovations or additional investments. Highlights include two spacious terraces for outdoor dining and a bar that operates daily from 8 a.m. to 2 a.m., maximising revenue potential.
To anyone considering an investment, this established venue has shown over 30 years of consistent profitability and a loyal customer base, making it an ideal buy. Furthermore, its proximity to local amenities and attractions enhances its appeal.
This opportunity not only allows for immediate trading but also presents significant potential for future growth, given the ongoing influx of tourists to the Algarve region. Don’t hesitate to seize this chance – get in touch today for more details!
• 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
