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Established Restaurant Events And Nightclub In Algrave For Sale

Tavira, Faro, Portugal
Asking Price:
On request
Sales Revenue:
€1M - €5M
Cash Flow:
€100K - €250K

A rare opportunity to acquire an established restaurant, events venue and licensed nightclub together with the freehold property, near Tavira in the Eastern Algarve.

Operating for approximately 12 years, the business has developed a recognised charcoal-grill concept serving both local residents and the Algarve’s tourism market.

KEY HIGHLIGHTS
Freehold property and operating business included
Approximately 7,000 sqm of total land
Approximately 871 sqm of gross built area
Restaurant and covered terrace for approximately 200 guests
Separate licensed nightclub and events venue for up to approximately 300 guests
Fully equipped professional kitchen
Private parking for approximately 120 vehicles and several coaches
Excellent visibility and access from a principal Algarve road
Established team, brand and transition support included

Property Information

Real Estate:

Real Property Included

Location:

Tavira - Algarve - Portugal

Premises Details:

Main road

Size in square feet:
7000 sqm

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Part of the property may offer future potential for an eco-lodging development with up to approximately 25 bungalows, subject to planning and licensing approvals.
Further opportunities include developing the nightclub operation, private events, group bookings and tourism partnerships

Competition / Market:

Big potencial to develop

Reasons for selling:

The owners are refocusing on other investment and property development projects.
The asking price includes the freehold property, operating business, brand, fixtures and equipment.

Trading hours:

12AM - 12 PM

Employees:
14
Years established:
12 years

Other Information

Support & training:

Branding, concept and training included

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Yes

Furniture / Fixtures value:
€460,000
Inventory / Stock value:
€20,000