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Successful Cafe / Bar In Western Algarve For Sale

Lagos, Portugal
Asking Price:
€115,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A great opportunity to purchase a long running café / bar in the Lagos area. This business has been open continuously for over a decade and is available on a freehold basis.

Based in a popular village very close to the busy tourist destinations of Lagos & Praia da Luz and just a short drive from Burgau. The Boa Vista and Espiche golf courses are both within a 10 minute drive from the café. Faro airport is just one hour away by car. The village is home to a variety of nationalities, with Portuguese, English and German being the most common languages spoken. Our clients are a combination of local residents and tourists, with sales levels being maintained all year round.

Seating (indoors and outside) for at least 28 people.
The business will be sold with a fully equipped bar and kitchen.
The bar is licensed from 09:00 to midnight.
Currently, the café is only open during the day so there is potential to increase revenue by serving food in the evenings.
There are 2 toilets in the building.

This business is regrettably being sold due to health reasons.
The current owner is happy to provide assistance and local knowledge, should you require, when taking over this business.

Property Information

Real Estate:

Real Property Included

Location:

Main road through the village with plenty of passing traffic.

Premises Details:

Seating areas inside and outside
Bar area
Kitchen
2 toilets

Size in square feet:
Approx. 430 ft2

Business Operation

Expansion Potential:

A snack menu is currently served until 17:00. An extended menu could be served in the evenings to increase revenue.

Competition / Market:

Located in a popular village containing various bars and 3 restaurants.

Reasons for selling:

Ill health

Trading hours:

Licensed 7 days a week from 09:00 until midnight.

Employees:
1
Years established:
approx. 15 years

Other Information

Support & training:

The current owner is happy to provide training if desired.

Furniture / Fixtures value:
€11,500 - included in the asking price

Contact Seller

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