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Pub & Restaurant In Algarve For Sale

Location  Portugal
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1985
Number of Employees  1 - 3
Inventory  20000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  Full support and training available if necessary.
Reason for Sale  Ill health.
Description  A unique opportunity to buy an established business, fully licenced as a bar and a restaurant. It is located close to the seafront, near the busy market square and harbour - situated in the heart of the town. Opened in 1985 by the existing owners, with an indefinite lease and continuing low rent of 350 Euros per month, the overheads are very manageable to create a high nett profit. The bar has a pub atmosphere leading to a separate dining area, seating a total of 50 covers (approx. 100 sq.mts). It has a good reputation and is well-known locally, attracting a year-round trade of summer holidaymakers with golfers and regular visitors in the mild winter months. Close to the prestige resort of Vilamoura, it benefits from its quality tourism as well as a good local base. Few competitors have meant tht this business is unique and one of the best in the area. This is a genuine opportunity to take over a successful concern, with potential to develop even further to personal strengths. The price is œ55,000. Email or call tel: 00351 289 301219 for more information on this Pub & Restaurant for sale.
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