Investing in this refurbished restaurant near Praia Da Oura could yield significant returns. Priced at €395,000, this 80m² restaurant offers a proven track record of success, with over 30 years of established trading. Its recent refurbishment ensures a modern and inviting atmosphere, appealing to both returning clients and new customers. The restaurant’s layout allows for seating of 85 people, including a spacious outdoor terrace that can accommodate 50 guests, ideal for the vibrant tourist season. Located just 1.3 km from one of the Algarve’s most popular beaches, it attracts a steady stream of holidaymakers. Being situated on the famous 'Strip' further enhances its investment potential due to high foot traffic and visibility. The fully equipped kitchen is ready to meet the demands of a busy service, ensuring that you hit the ground running. Additionally, the bar's licensing hours from 8 a.m. to 2 a.m. offers extensive operational flexibility to maximize earnings. Excellent rental potential exists in this high-demand area, making it a smart choice for investors. Don't miss out on this lucrative opportunity—contact us to explore further!
• 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
