This refurbished restaurant in one of Albufeira's most popular tourist areas is currently for sale, priced at €395,000. With a vibrant history in the hospitality industry, this turnkey operation is well-established, boasting loyal customers who return year after year. The restaurant features a chic and modern interior, alongside inviting outdoor terraces that encapsulate the Algarve lifestyle, making it perfect for hosting lively meals under the sun. Located only 1.3 km from the stunning beaches of Praia Da Oura, it benefits from high visibility and foot traffic in a prime location. It is fully furnished and equipped, allowing new owners to step in and continue operations immediately. Additionally, the restaurant's licensing permits trading from early morning until the early hours, enhancing potential revenue opportunities. Positioned near a plethora of attractions, including shops and entertainment venues, this is an exceptional find for serious buyers looking to invest in the Albufeira restaurant scene. Don't let this lucrative opportunity slip away; contact us today to arrange a viewing!
• 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
