One of the best restaurant investment opportunities in Albufeira is this successful, refurbished restaurant located in the heart of the bustling resort area. Priced at €395,000, this property stands out with its ability to accommodate over 85 guests and a loyal customer base built over 30 years of operation. The location, merely 1.3 km from the beach, and close proximity to all major amenities, makes it a prime spot for attracting both tourists and locals. The fully equipped kitchen comes with all necessary appliances, ensuring that new owners can hit the ground running without extra setup costs. Importantly, with a licence to trade from 8 am to 2 am daily, the potential for profitability is considerable, especially during high tourist seasons. The outdoor terrace offers a perfect spot for diners looking to enjoy the pleasant Algarve climate, further enhancing appeal. Given its established brand presence and ideal location, this restaurant presents a compelling investment opportunity in the thriving Albufeira market. Don’t wait too long—contact us now to find out more!
• 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
