Vegetarian and Vegan Restaurants for sale in Exeter

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Profitable Exeter City Centre Restaurant With 3 Bed Apartment

Exeter, Devon, England

  • Leasehold Price: £89,950  Price Reduced arrow_drop_down
  • Annual Turnover: £194,723
  • Annual Net Profit: £45,000
Seller Reference: 2029
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Business Description
 
 
 
 
 
 
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Seller Reference: 2029
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Business Description
A thriving and well regarded licensed restaurant which is presented to a high standard throughout, having been owned by our clients for the last 28 years. Well established and niche reputation as Exeter’s first vegetation restaurant and it remains the only dedicated vegetarian licensed restaurant which opens both lunchtimes and evenings. The restaurant and ancillary areas occupy the ground and lower ground floor premises whilst the owners accommodation occupies the first and second floors. The premises offers potential for incoming operators to take advantage of this well equipped restaurant premises with a first class reputation and an extremely well established clientele, however it also offers potential for incoming operators to develop an alternative style of trade to suit their own requirements, should they so wish. The premises briefly comprise:- an attractive Main Restaurant Area comfortably seating 50 customers with space for additional covers if required; well equipped Commercial Catering Kitchen, ancillary and welfare facilities; spacious and well presented family sized 3 Double Bedroom Owners Accommodation with Sitting Room, Dining Room, Kitchen, Bathroom and Private Roof Terrace.
Tenure:
Leasehold
Is accommodation included?:
Yes
Number of bedrooms:
3
Location Details:
Located in North Street, one of the main thoroughfares and a busy trading position, just off the High Street, in the main shopping area of Exeter city centre. Benefitting from the considerable commercial advantages of its much sought after trading location, close to two large public car parks, offices, and several well known national retailers. Exeter itself is the regional capital of the South West and as such, is not only an established and expanding business centre, but also a popular tourist destination year round. Renowned for its historic cathedral, university and waterside developments,
Leasehold Term:
The business is held on a 12 year private lease which commenced in 2012 at a current rent of £17,500 pa with rent reviews every 3 years, on full repairing and insuring terms.
Is this business home based:
Yes
Listed by:
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