Investing in a refurbished restaurant located in a high tourist area of the Algarve is a prime opportunity for savvy buyers. This successful establishment in Albufeira has been operational for over three decades, benefiting from repeat clientele and its desirable location on the famous 'Strip'.
The restaurant offers an 80m² dining area, featuring both an indoor seating space for 35 and an outdoor terrace to accommodate 50 guests. This blend of dining options provides a versatile atmosphere, catering to different customer preferences, especially during the sunny Algarve days. A key highlight includes a fully equipped kitchen with professional-grade appliances, ensuring a smooth operation for any culinary ventures.
The property is licensed to operate from 8 a.m. to 2 a.m. daily, leveraging the area's bustling nightlife, which is vital for maximising revenue potential. Refurbished and contemporary in design, the restaurant is not only operational from day one but also inherently attractive to potential diners.
Its location, just 1.3 km from the stunning Praia Da Oura beach, draws in numerous tourists exploring the area. Investing in this restaurant means capitalising on not only the vibrant local culture but also the consistent influx of seasonal visitors.
With all furniture and kitchen equipment included in the sale, this investment promises an efficient transition for new owners. Explore this exceptional opportunity today—contact us to arrange a viewing and secure your place in this thriving commercial hub!
• 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
