Turnkey Restaurant And Bar In Boa Vista For Sale

Property Information

Real Estate:

Lease

Lease Terms:

The premises are available on a leasehold basis at a monthly rent of approximately €450. The business takeover and all existing equipment are separate from the annual rent. The terms and duration of the new lease are to be agreed directly with the property owner.

Leasehold Rent:

$6,200 (USD) per annum

Living Accommodation:

None

Location:

The restaurant is located in Sal Rei, Boa Vista, Cape Verde, in an attractive and fast-developing area with strong potential from both local residents and international visitors. The neighbourhood is becoming increasingly popular and benefits from growing tourism activity.

Premises Details:

The premises cover approximately 170 m² and are already fully fitted out for restaurant use. They include two bar areas, a professional kitchen, dining areas and seating for approximately 32 guests.

All existing furniture, kitchen appliances and professional restaurant equipment are included in the takeover and are already installed, allowing the business to reopen quickly. The monthly rent is approximately €450.

Size in square feet:

1,830 sq ft

Planning Consent:

The premises are already fitted out and have previously operated as a restaurant. Any future changes to the layout, use or concept would remain subject to the relevant local approvals.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

The restaurant offers strong potential for further development. A new operator could expand the concept through themed evenings, private events, live music, takeaway or delivery services, partnerships with hotels and tour operators, and a stronger bar or cocktail offering.

The developing location also creates opportunities to attract a growing number of residents, tourists and international visitors.

Competition / Market:

Sal Rei has an active restaurant market, particularly during the tourist season. However, the business benefits from a distinctive setting, low monthly rent and a complete professional fit-out, which significantly reduces the cost and time required to start operating.

Its location in a developing area also offers strong potential to attract both local customers and visitors through a clear restaurant, bar or hospitality concept.

Reasons for selling:

The owners are pursuing other projects. The sale is not related to the commercial potential of the business.

Trading hours:

Previously open daily from 6:00 pm to 11:00 pm. Future opening hours may be adapted by the new operator.

Employees:

0 currently - previously operated with 5 full-time employees

Years established:

3 years

Other Information

Support & training:

A full handover of the premises, equipment inventory and practical information can be provided. No formal training programme is included.

Financing available:

No seller financing is currently available. Payment terms may be discussed directly with the owners.

Furniture / Fixtures value:

$86,500 (USD) - included in the asking price