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Listing ID: 2491061

Restaurant, Golden Triangle - Algarve For Sale

Almancil, Algarve, Portugal

€ 750,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: € 500k to 1m

Cash Flow: € 0 to 100k

Business Description

Established restaurant with great local recognition. Beautifully decorated, newly renovated bar area for pre- dinner drinks and very well maintained throughout. 75 covers - inside and outdoor dining terrace for 45 covers with sea views and 'Australian Sail Shade' awning. Private parking for approx 24 vehicles. Currently operating 5 days per week (lunches and 7 day week possible). Typical client spend per head circa €60. 4 fully contracted staff, 3-5 staff currently on 10 month contracts. Real estate unencumbered freehold value circa €375k with extention possibilities. Business turnover circa €600+- consistent previous years records.
Current owner seeking other interests.

Property Details

Size:

380sqm covered area. 1104sqm total plot size

Years Established:

18

Property Type:

Real

Real Estate Value:

€ 375

Other Details

Business Location:

South facing restaurant with sea views

Premise Details:

Freehold detached property

Competition:

none

Expansion Potential:

Excellent oppotuntity for expansion.

Operation Details

Employees:

4 Fully contracted 3 contracted for 10 months

Trading Hours:

5 nights per week

Support & Training:

Will consider 6 months training period.

Miscellaneous

Reason For Selling:

Seeking other business opportunities

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