Business for Sale in NEWTON ABBOT, Devon THEMED LICENSED RESTAURANT/INVESTMENT OPPORTUNITY

Freehold Price £600,000

Key Information

Reference
R35294N
Tenure
Freehold
Status
For Sale
Region
Devon
Sector
Restaurants
Weekly Sales
£5,000.00 Exc. VAT
Accommodation
Yes

Business Information

Superb THEMED LICENSED RESTAURANT/FREEHOLD INVESTMENT OPPORTUNITY, prime NEWTON ABBOT town centre trading position, considered valuable with catering premises always in demand. Fronting busy primary thoroughfare leading to main shopping area, highly visible, surrounded by other popular and complementary businesses to include national names, benefiting from on street car parking immediately to the front, main car parks close by.

An immaculately presented 3 storey property, the subject of considerable investment, presented to the highest of standards with no expenditure considered necessary. Comprises stunning ground floor air conditioned licensed restaurant complete with bar servery, excellent recently refitted commercial kitchen, wash-up room, storage, and cloakrooms, would suit a variety of cuisine. Additional self-contained 1 bedroom ground floor flat, self-contained 2 bedroom first floor flat, and self-contained 2 bedroom 2nd floor flat, all recently refurbished to high standard and providing rental income.

A popular business which can be staff run with owners acting in a managerial capacity, alternatively restaurant could be rented out to simply provide additional rental income. Currently operated at a level to suit owners lifestyle, only trading 5 evenings and 1 lunchtime each week, also closing 1 month each year, enjoys strong following, quite often fully booked, takings in excess of £5,000 per week, proves very profitable, huge scope to increase opening hours and potential to expand restaurant.

Freehold £600,000 sav Ref: R/INV35294N  

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