Business for Sale in EXETER, Devon LICENSED RESTAURANT

Key Information

Reference

R35850N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Restaurants

Annual Sales

£390,834.00 Exc. VAT

Accommodation

No

Business Information

Top destination RESTAURANT, desirable sought after EXETER suburb, renowned for its eating/café culture theme, popular with other catering businesses, where premises rarely become available and are always in demand. Attractive recently revamped surroundings to include pavement seating creating a cosmopolitan/continental feel, host to affluent residential housing, car parking, with the City Centre and attractions only a short walk away.

Character premises, offering bar servery, split level dining area providing 32 covers, well equipped commercial kitchen to include newly installed commercial gas supply, storage and cloakroom. Additional alfresco seating providing a further 14 covers and proving popular. Holds full alcohol licence and music licence, enjoys favourable overheads with 100% business rate relief.

A thriving business which continues to grow, offering a changing quality menu with the seasons, attracting a great deal of regular local trade with a boost from visitors staying at nearby hotels, bookings stretching some 3 months in advance. Sales 2023 £390,834 ex Vat, Gross Profit £282,851 (72%), Net Profits approaching 6 figures, all from 4 day week, and closing approx. 7 weeks each year for annual holidays, still forecasting Gross Sales of £450,000 - £500,000 for current trading year.

Leasehold £145,000 sav, Ref: R35850N