Established Restaurant For Sale in Vilamoura- Prime Location!

REF:4002

Price: 850.000 € Bedrooms: N/A Bathrooms: N/A Built Area: 725m2 Plot Area: N/A Year: 1991 Basement: Yes Garage: No Pool: No Airport: 25 mins Ownership: Private

A fantastic opportunity to acquire one of Vilamoura's best known restaurants! The established and profitable restaurant enjoys a prime location in Vilamoura's Old Village - a magnet for holidaymakers all year round.
It is housed in an imposing 3 storey building with roof terrace and elevator. The freehold property comprises: 180m2 basement with kitchen, wine cellar and staff amenities, 180m2 ground floor including small exterior terrace, 175m2 first floor and 190m2 roof terrace including bar, covered area and top level tower zone. In total the restaurant has seating for over 200 clients. It is in an excellent state of repair having been fully renovated last year including repainting of interior and exterior, new kitchens, bar, doors and windows, upgraded electric and plumbing in some areas. It is fully compliant with ASSI health and safety requirments and is licenced to operate as a bar and restaurant 7 days a week and there is also a live music licence. It currently operates on two levels with a café and bar on the ground floor and outside terracing and an a la carté restaurant on the first floor.
The restaurant has an excellent reputation and there is great scope to grow the business including extending the opening hours, further utilising the roof terrace and exploiting its potential for weddings and private parties. The business and freehold are being offered at a very attractive price for a quick sale!