Business for Sale in EXETER, Devon BISTRO/RESTAURANT

Key Information

Reference

R35556N

Tenure

Leasehold

Status

Sold

Region

Devon

Sector

Restaurants

Annual Sales

£202,663.00 Exc. VAT

Accommodation

Yes

Business Information

Famous destination BISTRO/RESTAURANT with the benefit of ACCOMMODATION, occupying busy EXETER CITY CENTRE trading position. A landmark business, considered one of the longest established eating venues in the City, under current ownership in excess of 30 years, offering a niche Vegetarian themed menu, ensuring a strong following. Highly visible and easily accessible, fronting busy pedestrian and vehicle thoroughfare, just off main shopping High Street, close car parks and short walk residential areas & university.

Deceptive character premises, actually extending over 4 levels, but at the same time enjoying low overheads, favourable rent, zero business rates despite City Centre location. Offering ground floor restaurant dining area with scope for 50 covers, bar servery/waitress area, commercial kitchen, and lower ground floor providing 3 customer cloakrooms and ample storage. Useful maisonette extending over the first and second floors, comprising spacious dual aspect kitchen/dining/living area with added benefit of roof terrace, 3 double bedrooms, bathroom and cloakroom.

A thriving very popular top performing profitable business with top reviews received, serving an easy menu freshly prepared on the premises, appealing to all age groups. Sales 2023 £202,663 ex Vat, Gross Profit £158,085, Net Profits in excess of £70,000, only trading a 5 day week (5 lunchtimes & 5 evenings, closing 9.30pm), excellent staffing structure with only one of the partners working full time in the business. Benefits from limited competition, still offers considerable further opportunities for new owners, especially through longer opening hours, in particular Sunday opening for which there is considerable demand.

Leasehold £89,950 sav Ref: R35556N