Business for Sale in HONITON, Devon RESTAURANT & BAR

Leasehold Price £99,950
Freehold Price £525,000

Key Information

Reference
R35457N
Tenure
Freehold, Leasehold
Status
For Sale
Region
Devon
Sector
Restaurants
Annual Sales
£350,000.00 Exc. VAT
Accommodation
No

Business Information

Renowned RESTAURANT & BAR, popular EAST DEVON market town, enjoying highly visible HONITON High Street trading position. Easily accessible, fronting the primary route through the town, within an area favoured by catering establishments, close major road networks, drawing trade from wide catchment area, free on street car parking in front, close car parks, surrounded by residential areas.

Deceptively large 2 storey character premises, the subject of considerable investment over the years, ground floor 30 cover bar/dining area, main 60 cover first floor dining area, benefiting from dual staircases and 2 sets of cloakrooms. Also offers comprehensively equipped commercial kitchen, pastry section, wash-up room, still room, office, level cellar and storage to include walk in cold room. Potential garden area available to offer alfresco dining facilities.

Established and same owners last 17 years, commanding excellent reputation, customers able to simply visit for a drink or enjoy a quality meal. Sales approaching £350,000 ex Vat, typically from 4 evenings each week. Scope additional opening hours as has been undertaken in the past, generating Sales in excess of £500,000 ex vat. Viewing recommended to appreciate size and quality of premises coupled with opportunity on offer.

Freehold £525,000 sav OR Leasehold £99,950 sav Ref: R/V35457N

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