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Restaurant In Albufeira Old Town Trespass For Sale

Albufeira, Faro, Portugal
Asking Price:
€145,000 Furniture / Fixtures included
Sales Revenue:
€100K - €250K
Cash Flow:
Under €50K

Trespass / Business Transfer 98.70 m2 Restaurant in Albufeira , Algarve Portugal

Location : Albufeira, Faro

Area : 120 m Constructed : 1986 Energy rating : C

Restaurant in the very popular area of Albufeira, with terrace, 120 M2 in total.

80 seats (40 inside and 40 on the outside terrace) fully equipped and furnished, located in the pedestrian area of ​​Albufeira Antiga, close to the bus station, taxis and the shopping area.

Goodwill with a monthly lease.

-Turnover: between 180k to 200k per year.
-Staff:
2 kitchen: main cook + helper. approx. 1900€ + 1100€ (gross) per month.
2 front of the house: approx. 2x 1200€ (gross) per month.
-Utilities: approx. 900€ per month.

-Rent: 700€ per month.

Property Information

Real Estate:

Lease

Leasehold Rent:

€8,400 per annum

Location:

Albufeira and Olhos de Água, Albufeira, Faro

Premises Details:

Restaurant in a busy area in the main entrance towards Albufeira old town with Bus station and taxi rank.

Business Operation

Expansion Potential:

Takeaways or outside catering not established

Competition / Market:

Open aspect

Reasons for selling:

Owner is retiring due to health reasons

Trading hours:

10.00 am till 1,00 am in non restriction times

Employees:
4
Years established:
10

Other Information

Support & training:

operational details will be shown to buyer

Furniture / Fixtures value:
€40,000 - included in the asking price

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