Business for Sale in Devon LICENSED RESTAURANT

Key Information

Reference

R35947N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Restaurants

Annual Sales

£670,933.00 Exc. VAT

Accommodation

No

Business Information

Stunning top performing LICENSED RESTAURANT, totally refurbished in recent years at a cost in excess of £200,000, occupying one of the best EXETER CITY CENTRE trading positions. A renowned venue, fronting busy sought after thoroughfare, close to attractions, main shopping High Street with its national retailers, and commercial district with numerous office blocks.

Stylish air conditioned premises professionally fitted out to the highest of specifications with no expense spared and no expenditure considered necessary. Contemporary 84 cover dining area expertly designed to also accommodate functions, bar, comprehensively equipped professional commercial kitchen, cloakrooms, and storage facilities.

A most efficiently operated business, totally managed by staff on a day to day basis, serving popular easily prepared affordable menu of European influence. Sales 2023 £670,933 ex Vat, Gross Profit £455,839, six figure Net Profit even on a staff operated basis, considerably more to working owners or can continue to be manged. Enjoys lucrative seasonal boosts from graduation week and Christmas, only trades 6 day week, predominantly daytime, with 3 evenings.

Leasehold £275,000 sav Ref: R35947N