Well-known traditional Portuguese restaurant in Lisbon's historic Alcântara district, offered as a going concern with its lease, fully equipped kitchen, furniture and an experienced team in place.
PRESS AND REPUTATION
- Reviewed by the food critic of Time Out Lisboa with 4 out of 5 stars (October 2021).
- Included in Time Out Lisboa's guide to the best restaurants in Alcântara (May 2024).
- Rated 4.6 out of 5 by guests on Tripadvisor.
LOCATION
- A few minutes from LX Factory and Docas de Santo Amaro, one of Lisbon's busiest creative and nightlife areas by the 25 de Abril Bridge.
- CUF Tejo Hospital is 500 metres away.
- The Allo office complex (Galp, EY and others, an estimated 3,000 to 4,000 employees) is nearby.
- The future Alcântara Metro station is planned about 500 metres away.
- Two public car parks within 150 and 400 metres.
- Alcântara is going through fast residential and commercial regeneration.
PREMISES
- 199 m² over two floors, licensed for restaurant use.
- Ground floor dining room with 20 seats.
- First floor room with 40 seats, suitable for groups of up to 50.
- 60 indoor seats today, with room to return to 70 as before.
- Outdoor terrace for up to 16 guests.
- Equipped kitchen with gas, storage room, air conditioning, heating, security system, 2 WCs.
THE BUSINESS
- Traditional Portuguese cuisine with a daily menu of 18 to 20 dishes.
- Open Monday to Friday for lunch (12:00 to 15:00) and dinner (19:00 to 22:00).
- Closed at weekends, on public holidays and for one month a year.
- Fresh produce bought daily from local suppliers with weekly payment, so very little stock is needed.
- The kitchen is run independently by the cooks.
TEAM
- 10 people: 2 cooks, 2 kitchen assistants, 2 kitchen hands, 2 waitresses and 2 managers who also work the floor.
GROWTH POTENTIAL
- Opening at weekends and on public holidays.
- Adding the extra 10 indoor seats.
- More footfall from LX Factory, the hospital, the Allo offices and the new Metro station.
TERMS
- Asking price: EUR 500,000 for the whole business (trespasse), including the transfer of the lease, equipment and furniture.
- Monthly rent: EUR 6,500.
- Lease conditions and financial details are available to serious buyers on request.
