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Business Opportunity- Licensed Restaurant Close to Beaches in Galé, Albufeira

Restaurant in Sesmarias

ref. SB5137
270.000€ 229.000€
Usage
Commercial
Type
Restaurant
Town
Sesmarias
Parish
Albufeira e Olhos de Água
Municipality
Albufeira, Faro
Region
Algarve (Central)
Construction Year
1996
Bedrooms
0
Bathrooms
0
Furnished
Fully
Usable area
247 m²
Surface area
122 m²
Fully Furnished
Basement, Storage
Fully Furnished
Alarm System, Internet/Phone
Mains water, Mains electric, Mains drainage
Swimming Pool, Communal
Lighting
This FULLY LICENSED and successful restaurant has come onto the market at an UNBEATABLE PRICE with this beach resort on the brink of a boom due to an overseas investment for 6 star beachfront hotels set for completion Spring 2017 just 90 meters away!
The restaurant has been successfully trading since 1996 and is located in a condominium of 24 apartments with communal pool and 5 other commercial units operating as shops or office space. The restaurant has a full industrial stainless steel kitchen, a spacious main dining room of 118m² with seating for 50-60 people, two lovely outside terraces with room for a further 40-50 seats and an extensive basement incorporating ladies and gents toilets, storage and staff facilities.
Just inside the entrance is an attractive bar area with comfortable sofa’s and bar stools for those only wanting a drink or waiting for a table.
The restaurant will be sold fully furnished and equipped ready to start trading.
The basement area has the restaurants’ guest W.C’s and many storage rooms that have been divided up, a second kitchen for food preparation and a large office. With planning permission this space could easily and inexpensively be turned into accommodation or further commercial space such as a games room. At the side of the building and belonging to this business is a ramp leading down to a covered carport with space for 4 cars which is also useful for deliveries to the storerooms.
The restaurant is situated just 1500 metres from the very popular & renowned Galé beach. In the past trade has relied on the many hundreds of local villas & apartments in the area providing ample local customers which together with passing trade has made for a busy successful business. Along with the new development close by this makes for a golden business opportunity not to be missed.

Amenities

• Air conditioning in restaurant, kitchen and basement
• Pre- installed alarm system
• Fully fitted industrial kitchen
• Pre-installed phone line and internet
• Fully furnished and equipped
• Fully licensed to trade as a restaurant
• Large basement
• Ample parking
• 2 terraces
• Communal pool and gardens
• All mains utilities

Location

Distance to Beach: 0.6km
Distance to Golf: 3km
Distance to School: 3km

Other Info

The premises is fully licensed and has current permission to operate as a restaurant.
It is available as a turnkey operation with the current tenants’ contract needing a two month notice to vacate.
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