Iconic Bar with Prime Freehold Real Estate on Vilamoura Marina, Portugal

This listing features a prime freehold property and an iconic, established bar located on the prestigious Vilamoura Marina in the Algarve, Portugal. Renowned for its vibrant late-night music entertainment, the establishment offers a unique opportunity to acquire both the business and its premium real estate. The Irish Pub, fully licensed for alcoholic beverages and food, stands as a leading venue in the area. It spans 436m² of freehold space across three floors, with an internal capacity for 250 patrons. Complementing the indoor space are extensive decked terraces covering 619m², providing seating for an additional 250 customers and featuring a distinct 'Cabin Bar' with direct marina views, resulting in a total capacity of 500 guests. In 2022, the bar achieved a turnover of €1,600,000 and a profit of €750,000. Projections for 2023, based on 2022 performance and implemented price adjustments, forecast a turnover of €2,000,000 and a profit of €1,150,000. Currently operating exclusively in the evenings, the business presents a significant opportunity for expansion into all-day service, including food, for which it holds a license. The premises are well-appointed with multiple bar areas, diverse seating arrangements across its floors and terraces, a dedicated kitchen, and basement storage. The building is classified as Class A, with construction or renovation dating back to 2005.