Investing in a restaurant with outdoor seating in Albufeira presents numerous opportunities for significant returns. Priced at €395,000, this successful turnkey restaurant features expansive outdoor terraces that can seat up to 50 guests, creating a desirable spot for diners, especially during the sunny Algarve months. Located within walking distance of the bustling Praia Da Oura beach, this prime location attracts both locals and tourists alike, increasing foot traffic and repeat clientele. The establishment has been refinished to modern standards, making it a low-risk investment for potential buyers looking to tap into the vibrant local food scene. With a seating capacity of 85 and a well-equipped kitchen ready for immediate operations, investors can expect to see a quick return on investment from both locals and holidaymakers. Additionally, the advantage of being situated in a high-tourist area near amenities such as shops and entertainment options cannot be overlooked. Position your investment for success and discover the lucrative potential of this Albufeira restaurant opportunity.
• 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
