The asking price for this successful restaurant and six-suite B&B business in Ferragudo is €2,550,000. This investment opportunity includes the freehold of the building, the goodwill of both the restaurant and B&B, which are in a prime location at the town centre square on the Arade River. Ideal for those looking to step into a well-established business, this property features a spacious restaurant area of 140m² with seating for 55 guests and offers two WC facilities. The B&B on the first floor provides six en-suite bedrooms, catering perfectly to the tourism sector in the Algarve. Additionally, the suites are furnished and ready for guests, creating immediate income potential. With a distance of only 500 meters to the beach, this property’s location is appealing to both locals and tourists alike, enhancing the overall business opportunity. Plus, the recently renovated building, completed in 2018, boasts modern amenities while maintaining a charming aesthetic. Ample outdoor terrace seating for 69 guests enhances the dining experience, making it perfect for sunny Algarve days. This unique offering is perfect for investors seeking sustainable cash flow and growth potential. Don't miss out on this incredible opportunity; contact us today to learn more!
• 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
