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What is the cost of owning a successful restaurant with accommodation in Ferragudo?

Restaurant in Ferragudo

ref. LE2162
2.550.000€
  • B-
  • 6
  • 6
  • 280m2
  • 280m2
  • Alojamento Local

The current asking price for this thriving restaurant and B&B business in Ferragudo is €2,550,000, which makes it an attractive investment for those seeking to immerse themselves in the hospitality industry. This property offers a combination of a successful restaurant on the ground floor and 6 well-appointed suites on the first floor, providing potential for continuous income throughout the year. With a capacity of 124 diners between the interior and terrace seating, the restaurant operates daily with diverse menu offerings that cater to all tastes. The B&B aspect ensures steady occupancy, particularly during the busy tourist season as it's located just a short stroll from stunning beaches and local attractions. This is a perfect chance for investors to capitalize on the increasing tourist footfall in Ferragudo and the surrounding area. Securing this establishment will grant you both a home and a thriving business venture. Explore this fantastic opportunity today before it’s sold. Contact us for more details!

Usage
Commercial
Type
Restaurant
Town
Ferragudo
Parish
Ferragudo
Municipality
Lagoa, Faro
Region
Algarve (West)
Construction Year
1952
Renovation Year
2018
Rooms
7
Bedrooms
6
Bathrooms
6
Floors
2
Furnished
Negotiable
Living Area
280 m²
Plot Area
280 m²
Parking outdoors
Own Entrance, Fully Fitted, Modern
Storage, Office/Study
Alarm System
Double glazing, UVA Protection
Patio
Sea View, Panoramic View
• 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
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