Restaurants for sale in Exmouth

View the "Licensed Restaurant & Pizzeria in Prime East Devon Coastal Resort Town" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £49,950 Under Offer Annual Turnover: £117,376 Annual Gross Profit: £66,714
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Business Description
Attractive licensed restaurant in a prime trading position within the popular and much sought after East Devon coastal resort town of Exmouth.

Currently trading as a traditional licensed Italian restaurant and pizzeria with evening only opening, the business is situated in a prime trading position in the centre of the popular and busy East Devon coastal resort town of Exmouth. Exmouth is a sought after coastal resort town situated on the Jurassic Coast and designated as a World Heritage Site by UNESCO. It is also a dormitory town for nearby Exeter and has a resident population of around 36,000 people, although this increases substantially during the busy summer months. Exmouth’s sandy beach has long been a well regarded tourist attraction. The Cathedral City of Exeter with its easy access to the M5 motorway, intercity rail links and international airport, is approximately 12 miles to the north west.

The business occupies a ground floor lockup premises and currently trades as a traditional licensed Italian restaurant and pizzeria and was established over 4 years ago by our client. The premises benefit from continued investment and expenditure, being purposely fitted and equipped and is presented to an extremely high standard throughout. The prominent High Street premises offers potential for incoming operators to develop a style of trade to suit their own requirements and take advantage of this quality licensed premises which is purposely fitted and equipped and represents an opportunity to purchase an established and well regarded business with no major expenditure necessary. This provides an excellent operating environment specifically furnished and equipped for the style of trade undertaken and this quality business briefly comprises:- Main Restaurant Area comfortably seating 52 customers; Commercial Catering Kitchen fitted and equipped to a high specification; ancillary and backup facilities and a rear service yard storage area. An internal inspection is highly recommended in order to fully appreciate all that this impressive and versatile business has to offer.
Trading Hours:

Five evenings a week, Tuesday to Saturday, from 6:00pm until 10:00pm, closed on Sundays, Mondays and at lunchtime. Additionally, these hours are further restricted to 4 evenings per week during November, December and January, and our client closes the business for around 4 weeks every year to enable him to take holidays.

Number of Employees:

Single proprietor with up to 8 part-time staff including 2 chefs

Tenure: Leasehold

Location Details:

Prime town centre trading position within this popular East Devon coastal resort town.

Leasehold Term:

We are advised that the premises are held on the remainder of a 9 year full repairing and insuring lease which benefits from a tenant only break every 3 years with a rent of £7,500 pa. We are advised that the lease is fully renewable. Full details available upon request.

Listed by: Stonesmith
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