If you're looking to invest in a thriving restaurant with B&B suites in Ferragudo, this opportunity is not to be missed. This business for sale includes a fully operational restaurant and six ensuite suites positioned in a prime location on the Arade River. The restaurant features a spacious dining area with seating for 55, a well-equipped kitchen, and an inviting bar area. The B&B occupies the first floor, offering comfortable accommodations for guests, making it a perfect investment for those wanting to tap into the Algarve's lucrative tourism market.
Built in 1952 and renovated in 2018, the property is ideally placed just 500m from the beach and surrounded by local amenities in the town square. The suites are designed for comfort, featuring modern comforts such as flat-screen TVs and air conditioning. With potential for strong rental income and year-round occupancy, you can benefit from the growing tourism sector. The total living area is 280m², and outdoor terrace seating can accommodate 69 guests, enhancing earning potential.
Furthermore, the property has a strong goodwill and comes with necessary licenses and paperwork for immediate business operation. This is a fantastic chance for an investor seeking both business growth and lifestyle in the Algarve. Don't miss out on this exceptional opportunity; contact us now to arrange a viewing!
• 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