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What is the price of a turnkey restaurant in a busy tourist area of Albufeira?

Restaurant in Albufeira

ref. VM1538
395.000€
  • B-

This turnkey restaurant in Albufeira is priced at €395,000, a great investment for any aspiring restaurateur. Located in a bustling tourist area, this property is fully equipped and ready for you to start trading immediately. With a spacious interior that accommodates 35 diners and a beautiful outdoor terrace for 50, you’ll have plenty of space to serve guests. The kitchen features a full suite of equipment including a gas oven, double fryer, and large griddle, ensuring you can deliver high-quality meals to your customers. This restaurant has a history of success and comes complete with everything needed to operate, making it an easy transition for new owners. Just over a kilometre from the popular Praia Da Oura beach, it offers both visibility and accessibility to a steady flow of foot traffic. With the perfect blend of indoor and outdoor seating options, you’ll be set to benefit from the vibrant atmosphere of Albufeira. To take advantage of this fantastic opportunity and see the property for yourself, reach out and arrange a viewing today!

Usage
Commercial
Type
Restaurant
Town
Albufeira
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
1990
Renovation Year
2019
Rooms
1
Usable area
80 m²
Fully Fitted, Fully Equipped
Basement
• 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
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