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Thriving Licensed Restaurant with Bar and Outdoor Seating for Sale in Exeter Devon

Exeter, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    15/09/23

  • Advert ID

    599504

  • Reference

    R35850N / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £145,000
  • Turnover: £390,834 (£7,516 Per week)
  • Net Profit: Not Applicable

Business Details

LICENSED RESTAURANT



Top destination RESTAURANT, desirable sought after EXETER suburb, renowned for its eating/café culture theme, popular with other catering businesses, where premises rarely become available and are always in demand. Attractive recently revamped surroundings to include pavement seating creating a cosmopolitan/continental feel, host to affluent residential housing, car parking, with the City Centre and attractions only a short walk away.

Character premises, offering bar servery, split level dining area providing 32 covers, well equipped commercial kitchen to include newly installed commercial gas supply, storage and cloakroom. Additional alfresco seating providing a further 14 covers and proving popular. Holds full alcohol licence and music licence, enjoys favourable overheads with 100% business rate relief.

A thriving business which continues to grow, offering a changing quality menu with the seasons, attracting a great deal of regular local trade with a boost from visitors staying at nearby hotels, bookings stretching some 3 months in advance. Sales 2023 £390,834 ex Vat, Gross Profit £282,851 (72%), Net Profits approaching 6 figures, all from 4 day week, and closing approx. 7 weeks each year for annual holidays, still forecasting Gross Sales of £450,000 - £500,000 for current trading year.

Leasehold £145,000 sav, Ref: R35850N

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'LICENSED RESTAURANT - R35850N / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.