The asking price for this remarkable restaurant with six B&B suites in Ferragudo is €2,550,000. This comprehensive business opportunity offers the freehold of the property along with the goodwill of a successful restaurant and accommodation operation. Located in the bustling town square by the Arade River, the restaurant attracts both locals and tourists, ensuring a steady stream of customers.
The establishment features a spacious restaurant area of 140m² with seating for 124 guests, perfect for hosting events or busy peak seasons. The six ensuite suites upstairs provide comfortable lodging, making it ideal for guests looking for a cosy stay in the Algarve. The property's prime location only 500m from the beach increases its appeal to visitors, promising high demand and rental potential year-round.
Operating successfully since its renovation in 2018, the business includes essential amenities like air conditioning and WiFi for guests. With a mix of residential and commercial use, you can enjoy the benefits of owning a well-established business in one of the Algarve’s most enchanting towns. Reach out today to explore this investment opportunity further and to inquire about potential financing options.
• 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
