Investing in a restaurant with a long trading history in the Algarve offers a unique blend of stability and opportunity, and this restaurant in Albufeira showcases just that. Offered at €395,000, this well-established business has been successfully operated for over 30 years under the same ownership, boasting a loyal clientele. Its location on the vibrant 'Strip' ensures consistent foot traffic in a popular tourist area. This restaurant features 80m² of well-designed space that includes a fully equipped kitchen and a charming outdoor terrace, perfect for maximum guest enjoyment. The seating capacity of 85 offers room to accommodate large groups, making it ideal for families and parties. Recently refurbished, it comes equipped with modern furnishings and high-quality appliances, allowing a smooth transition for new owners. Close to Praia Da Oura and other local amenities, it benefits from a strategic location that attracts a diverse clientele. The license allows trading from 8 a.m. to 2 a.m. daily, creating significant revenue opportunities. The investment in this restaurant is not just about buying property; it’s about entering into a thriving business with proven profits. Contact us now to learn more about this exciting opportunity!
• 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
