Understanding the cost of running a restaurant with accommodation in the Algarve is essential, especially with this remarkable property currently for sale. Priced at €310,000, it offers not only a fully operational restaurant but also a cottage for potential guests or personal use. Situated near Monchique, the restaurant benefits from a loyal customer base built over 27 years of successful operation and is perfect for those considering a dual investment in hospitality and property. Alongside operational costs, consider the additional expenses associated with maintaining the 206m² of constructed area, including the restaurant and residential space, which boasts 2 bedrooms and 1 bathroom in the house. The plot includes fertile land equipped with well water for growing fresh produce, which can significantly reduce food supply costs. With the south coast beaches only 35km away, this location also offers seasonal tourist business opportunities. For those interested in making a wise investment, inquire about how this property can provide both a steady income and a chance for a lifestyle change. Reach out today for further financial insights and possibilities.
• Restaurant in Operation
• Living area house 93m² and restaurant 113m²
• Construction 206m²
• Plot size 3.640m²
• Year of construction 1993
• 2 bedrooms 1 bathroom in house, 2 WC in restaurant
• Wood burner in restaurant
• Views to the hills and countryside
• 35km to south coast beaches
This traditional restaurant has been running successfully for 27 years but is ready for new owners. There is plenty of fertile land with well water so that produce could be easily grown and there are olive trees producing about 1000kg per annum, some of which are used for the table and some for oil.
The adjoining house needs refurbishment but has water and electricity along with a loft space reached by a staircase.
• One room restaurant with seating capacity of at least 20 pax
• Small bar and old style kitchen
Amenities
• Mains water and electricity
• Septic tank
• Well water for irrigation
• Good internet
• Wood burner in restaurant
Location
8km to Monchique with all amenities
35km to south coast beaches
89km to Faro airport
