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Very Busy Beach Front Cafe Bar In Faro For Sale

Praia da Luz, Faro
Asking Price:
€350,000 Furniture / Fixtures included
Sales Revenue:
€500K - €1M
Cash Flow:
€50K - €100K

Very busy, well established beach front cafe for sale.
This prime location business has only been for sale twice during the last 36 years!
Opening 364 days per year with an all year round trade it offers a 30 year lease with an affordable rent of €1,500.00 per month.
Operated entirely by staff it is ideally positioned adjacent to ample car parking, popular restaurants and the central beach esplanade.
During the summer months the bar benefits from live music and is the central meeting point for residents and holiday makers visiting the bustling resort of Praia da Luz. This is a one off opportunity to purchase a front line business with further potential, the cafe being at the heart of this popular village and home of the Luz Webcam.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

A 30+ year lease transferable is for sale

Living Accommodation:

no living accommodation

Location:

Prime Beach Front

Premises Details:

On the main Praia da Luz,promenade with seating for upto 100.

Planning Consent:

Cafe / snack bar ,opening times from 8am until 2.30 pm

Business Operation

Expansion Potential:

Owner retiring,plenty of scope for growth of sales.

Reasons for selling:

Retiring ,,so 4 local bussiness are for sale all on very long lease where your outlay should be paid back to you within 5 yrs.

Trading hours:

8am until 2.30am flexible

Employees:
4
Years established:
1981

Other Information

Support & training:

Will be given

Inventory / Stock value:
€45,000

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