Restaurants for sale in Exeter

View the "Prominent Exeter City Centre Restaurant & Bar with Exceptional Levels of Profit" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £220,000 Price Reduced Annual Turnover: £507,683 Annual Gross Profit: £345,686 Annual Net Profit: £97,000
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Business Description
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.
Trading Hours:
The restaurant trades from midday until 9:00pm Sunday to Thursday and from midday until 10:00pm on Friday and Saturdays.

The bar and party venue trades from 6:00pm to midnight Sunday to Thursday and 6:00pm to 2:00am on Friday and Saturday.

Number of Employees:
The daily running of the business is overseen by our clients who run the business with a full-time m

Tenure: Leasehold

Location Details: Prime Exeter city centre trading location

Leasehold Term:
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.

Listed by: Stonesmith
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1926A
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