An exceptional opportunity to acquire a 50% equity stake in a profitable and fully operational hospitality business located in the historic center of Olhão, Algarve, Portugal. An established and highly regarded traditional Portuguese guesthouse operating under an Alojamento Local (AL) license. The property enjoys a prime location within the old town of Olhão, only a short walk from the waterfront, ferry terminal, municipal markets, restaurants, cafés and the Ria Formosa Natural Park.
The business combines stable operational performance, strong occupancy levels and ownership of a debt-free hospitality property in one of Southern Europe's most attractive tourism destinations.
- Asking Price:
- €900,000 Furniture / Fixtures included
- Sales Revenue:
- €220,000
- Cash Flow:
- €85,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Pensão Bicuar Residencial
Rua Vasco Da Gama 5
Olhão 8700-522
Portugal
- Premises Details:
-
The property offers:
14 guest rooms
1 sea-view apartment
Shared guest kitchen
Roof garden terrace
BBQ and seating area
High-speed Wi-Fi
Traditional Portuguese architectural character
- Size in square feet:
- 400 m²
Business Operation
- Management type:
- This business is owner operated.
- Trading hours:
-
March to October, 9 am - 9pm
- Employees:
- 6
- Years established:
- 25
