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Successful Cafe, Bar, Restaurant In Idyllic Portuguese Village For Sale

Silves, Faro
Asking Price:
€500K - €1M Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Successful semi rural destination reluctantly for sale. Perfectly situated in the central Algarve close to all major transport arteries. Experience the real Portugal in this typically Portuguese village, only 20 minutes from the beach. Very loyal customer base covering the whole of the Algarve.
Only scratching the surface of its potential with consent to convert existing buildings into a two bed/two bath rental house with far reaching views to the sea.
Potential to more than double revenue on dining as currently only serving lunch.
Totally remodeled in 2016/2017. Including conversion of barn into a 2/3 bed owners house with pool and private garden.
Reluctantly selling due to ill health.
The property also includes two separate pieces of agricultural land currently planted with assorted fruit and nut trees and an orange grove with over 100 trees.
This is a golden opportunity to truly live your dreams here in the sunny Algarve, all the hard work has already been done, all licences and paperwork are in order, turn the key and you are in business.
For further information, photographs, figures, or to schedule a viewing please don`t hesitate to get in touch.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Photos can be supplied on request.

Location:

Rural village close to main north south, east west arteries.

Premises Details:

Freehold mixed use property housing the business and private residence separately. Outdoor terraces front and back to the business space, large private garden with pool for the residential space.

Planning Consent:

Our architect is currently working on plans for the accommodation space, we foresee no problems as precidents have already been set with adjoining properties.
We are continuing with our ongoing schedule of development and decoration through the forseeable future.

Business Operation

Expansion Potential:

Huge potential to expand food service to include dinner and Sunday lunch. On completion of the letting space the sky literally is the limit you could instantly become a full service, small hotel.

Competition / Market:

There is an ever growing international market in the area with both retirees of all nationalities and holidaymakers. Supplemental to this we have an incredibly loyal Portuguese clientele who live and work close by.

Reasons for selling:

I'll health.

Trading hours:

Tuesday to Saturday (summer)
Wednesday to Saturday (winter)
Open 10.00am until
Food 12.00 until 15.00 only.

Employees:
X2 +2(owners)
Years established:
3 years in April 2020

Other Information

Support & training:

A handover period can be negotiated

Contact Information

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