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Restaurant for Sale in Porto, Portugal

Iconic Porto restaurant with historic charm and ownership of premises seeks sale due to retirement.
This Business is on a Premium Plan
Established 110-120 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1 - 2 million
Run Rate Sales USD 1.3 million
EBITDA Margin 10 - 20 %
Industries Restaurants
Locations  Porto
Local Time 12:57 PM Europe / Lisbon
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 2.5 million (Native Currency: EUR 2,300,000)
Reason: Reason for sale: Retirement. The company owns the building, and the business model allows for the s... View More
Includes physical assets worth USD 1.3 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
IES 2022
Tax payment
Business Overview
- Located in Porto's historic center, this century-old restaurant is renowned for traditional Portuguese cuisine.
- Generates annual revenue exceeding EUR 1.15 million, serving approximately 40,000 meals annually with an average ticket per person exceeding EUR 30.
- Occupies two floors totalling 160 sq m in a prime downtown location, with additional seating in an outdoor patio accommodating up to 100 patrons.
- Ground floor includes a bar, dining room for 12, and fully equipped kitchen.
- Upper room seats 50 with a support bar, customer changing rooms, and bathrooms.
- The restaurant enjoys a loyal customer base cultivated over more than 120 years, including prominent figures like José Pacheco Pereira, Rui Moreira (Porto's mayor), and André Villas Boas.
- Occupies a unique space in Porto, renowned for its excellent cash flow and complete licensing, making it a sought-after investment opportunity.
- Maintains a stellar reputation with a 4.4 Google rating based on more than 1,700 reviews.
- Currently, the business operates with around 20 employees, of whom 7 are permanent and the remaining staff are on temporary contracts.
- Recognized with the PME Excellency Award.
- Boasts an award-winning wine list featuring top selections from Portugal's main wine regions, alongside house wines branded with the restaurant's name and partnerships with renowned Portuguese winemakers.
- The business holds all required licenses and approvals.
Products & Services Overview
The restaurant's menu highlights traditional Portuguese cuisine, with top-selling dishes including octopus, crab, and various fish options, collectively contributing around 30-40% to its revenue.
Assets Overview
The physical assets of the restaurant include a building with a built-up area of 160 sq m valued at EUR 1 million, inventory of wine bottles exceeding EUR 15,000 in worth, and essential kitchen equipment, furniture, ovens, machinery, and freezers.
The restaurant includes a ground floor bar with 3 wine freezers, 1 dessert freezer, and 1 dishwasher.
The kitchen features a display freezer, FAGOR stove, oven, 4 cold freezers, and a dishwasher, with a storage room and staff bathroom.
Upstairs, the room has a support bar with a dishwasher and ice maker, 2 beverage freezers, changing rooms, and a customer bathroom.
Facilities Overview
The restaurant spans two floors within a typical corner building which is owned by the business in downtown Porto, totaling 160 sq m. It includes two outdoor patio areas in a nearby square. The ground floor features a bar, a dining room, and a kitchen. The upper floor includes additional amenities such as a support bar, changing rooms, and a customer bathroom.
Capitalization Overview
- The business is entirely self-funded with no loans.
- It is solely owned by one individual who holds 100% of the shares.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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