Restaurant in Algarve with Consolidated Reputation

About this Listing

This property was selected and recommended by Porameta for its valuable investors. This established destination restaurant in Mexilhoeira Grande, Portimão, Algarve is offered for €750,000 and combines an operating restaurant business with a substantial hospitality asset. The restaurant has been operating for 31 years and has developed a strong reputation, distinctive identity, private atmosphere, and loyal customer base. The property has approximately 400 m² of total area and is currently operating with 80 seats, while its operating license allows capacity for up to 224 seated guests. This creates significant potential to increase the current operation toward its licensed capacity. The restaurant benefits from private parking and a strategic Algarve location close to Alvor, Penina, and the Algarve International Racetrack, allowing it to attract local customers, international residents, and tourists throughout the year. The asset has an Energy Class B rating and includes solar panels, which may help improve energy efficiency and reduce operating costs. An additional floor is equipped with a bar, kitchen, and sanitary facilities, creating an important expansion opportunity for the existing business. The restaurant has strong online reputation indicators, including a 4.7 Google rating and Tripadvisor Travellers' Choice recognition, according to the listing. The buyer can continue the existing concept or adapt the operation to a new restaurant, hospitality, or tourism-oriented concept. This property was listed by Ruth Alexandre as the original product provider. For interested parties, please contact Ruth Alexandre directly with the details below: Phone: +351961539239 Email: ruth.alexandre@kwportugal.pt