Prominent Exeter City Centre Restaurant & Bar with Exceptional Levels of Profit
Exeter, Devon, England
£220,000 Price Reduced
Annual Turnover: £507,683
Annual Gross Profit: £345,686
Annual Net Profit: £97,000
The property comprises the four lower floors of a six storey end of terrace character Grade 2 Listed property converted to a restaurant in the late 1980s. It underwent a complete refurbishment in 2005 to an extremely high standard throughout including limestone flooring and marble and stainless steel bar serveries. The premises also offers potential for incoming operators to develop the style of trade to suit their own requirements and take advantage of this busy trading location. The premises briefly comprise:- ground floor Restaurant which can comfortably accommodate 80 customers, (55 in the main room and a further 25 in a smaller side room), plus Basement Bar with separate entrance from Queen Street and a capacity for 120 people. Plus fully equipped Commercial Catering Kitchen on the lower ground floor, various ancillary and welfare facilities and a Cellar.
The restaurant trades from midday until 9:00pm Sunday to Thursday and from midday until 10:00pm on Friday and Saturdays.
Number of Employees:
The bar and party venue trades from 6:00pm to midnight Sunday to Thursday and 6:00pm to 2:00am on Friday and Saturday.
The daily running of the business is overseen by our clients who run the business with a full-time m
Prime Exeter city centre trading location
The business is held on a 25 year internal repairing and insuring lease which commenced in June 2007 with rent reviews every 5 years. The current rent is £24,000 per annum. Full details can be made available to interested parties upon request.
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