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Successful Bar & Restaurant In Golden Triangle, Portugal For Sale

Almancil, Faro
Asking Price:
€125,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€100K - €250K
Cash Flow:
€100K - €250K

Well run Irish owned Bar/Restaurant in the Golden Triangle Algarve,Portugal. This is a great opportunity for the right operator to vastly increase this already successful business, we have seating for up to 100 in both bar and restaurant and for 50 more on our outside patio, we are very well situated on the main Avenida in this much sought after area, fully fitted large kitchen with lots of cold and dry storage, also a very well equipped bar.

More details available upon request, contact seller below for more information.

READY TO TAKE OVER,AND GET 50% OF PURCHASE PRICE BACK IN NEXT TWO MONTHS.

Property information

Real Estate:

Lease

Lease Terms:

5 year renewable.

Leasehold Rent:

€18,600 per annum

Location:

Prime location on the main Avenida, with main street frontage,and large car park at rear.

Premises Details:

Large modern building with plenty room for ecpansion.

Planning Consent:

Has all permissions and licensing.

Business Operation

Expansion Potential:

Huge potential for the right operator who has drive and determination.
Would make a ideal Night Club.

Competition / Market:

We are the only business of this type in the area,lots of cafe/ restaurants but not in direct competition.

Reasons for selling:

Health.

Trading hours:

4pm to 1am Mon-Fri, and Noon to 1am Sat & Sun.

Employees:
Five
Years established:
Six years

Other Information

Support & training:

Up to one month if needed.

Furniture / Fixtures value:
€70,000 - included in the asking price
Inventory / Stock value:
€5,000 - included in the asking price
Website:
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