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!
• 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