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Ref: CNC186
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€200,000
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Albufeira, Faro (Algarve), Portugal
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Attrractive premises
Basement accommodation
Popular tourist area
Good catering kitchen
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Well known Restaurant specialising in Pizza´s and international cuisine, located in popular tourist and expatriate residential area. Close to Salgados Golf Club and new prestigious 5 star resort, beaches and Albufeira Marina. The Restaurant has main road frontage and is situated in a modern condominium, surrounded by holiday villas and apartments. The property is 110 square metres, attractively decorated with a well equipped catering kitchen and storage facilities. There are covers for approximately 60 diners inside and out on the terrace. A bonus is the basement accommodation which has a small lounge and office, and 2 bedrooms with airconditioning. The present owners choose to open 8 months of the year in the evenings, and have steadily increased turnover. The business is run as a Portuguese Company and accounts are available to seriously interested purchasers after viewing. This is a well known and successful business run by English owners who now wish to retire. The 15 year lease and full trade inventory is offered for sale at Euros 200,000 with a rental of Euros 16,000 per annum. The owners would offer an option to buy the freehold at Euros 400.000
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