Leasehold Café Bar & Grill Located In Exmouth, Devon

Leasehold Café Bar & Grill Located In Exmouth, Devon
Seating Over Two Floors
Possible Airbnb
Licenced
Ref 3183

Asking Price £69,950 plus SAV (1,000)

Location
This established Café bar & Grill is located in Exmouth. Situated within a prominent and highly visible trading position on The Strand which has an array of shops, bars, restaurants and is an open space where locals and holiday makers can sit and watch the world go by! The Strand holds many events throughout the year, including Memorial Parades, Festivals, Craft Fairs, Fundraising Events and Christmas Tree Light switch on. A popular coastal town with caravan parks, hotels, bed & breakfasts and is home to Exmouth Rugby Club and Exmouth Football Club. A stunning beach with 2 miles of sandy beaches and a world heritage Jurassic coastline. Exmouth is (12 miles) from Exeter and easily accessible from the M5 Junction 30.

Business Description
Veritas Business Sales are delighted to offer for sale this popular licenced Café Bar & Grill which is located the popular Devon town of Exmouth. The business has been established for over 40 years and has been in the careful hands of our client for the past year. They are now offering the business for sale so due to a desire to relocate. Since ownership they have invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Woodland & Sea is owner operated with the help of 1 full time and 3 part time members of staff and has an annual turnover of circa £90,000. They menu offers fresh fish and Tomahawk steaks cooked over coals, dirty burger, chicken burger, nachos, loaded fries and also have a fully stocked bar for all alcoholic requirements along with locally sourced artisan coffee and organic teas. All fayre is freshly prepared on site to order using only the finest locally sourced produce. Seating is available over two floors with capacity for (48) as well as three bistro tables at the front of the building. (There is potential to convert the first floor into an Airbnb for added income). We believe that there is further potential to increase trade by extending the current opening times and opening during the day in the very busy summer months as well as opening on Sundays, Mondays and Tuesdays. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established restaurant which is a great base to build upon and as such early viewing is highly recommended.

Opening Times
Wednesday – Saturday – 18:00 – 22:00
Sunday – Tuesday – closed

Leasehold
Original Term: 25 years
Remaining: 24 years
Rent: £18,300 pa
Reviewed: 3 yearly
Rates: zero

Ground Floor
Restaurant (9.0m x 5.5m) with 7 tables & chairs with covers for (24), various pictures, oak bench, various shelves and french doors leading to courtyard.
Bar area (3.8m x 1.3m) with: espresso coffee machine (La Spazlale), coffee grinder, undercounter drinks fridge (Cater-Cool), ipad order system, 2 door undercounter drinks fridge (Adexa), wash basin, various shelves and microwave (Cook-Works).
Prep room (4.0m x 1.5m) with commercial dual basin sink, upright fridge freezer (Beko), various shelves, dumbwaiter leading to first floor kitchen and metal shelving unit.

First Floor
Kitchen (4.9m x 4.6m) comprising: chest freezer (Fridge Master), commercial wash basin, commercial sink, stainless trolley, dumbwaiter, 2 stainless steel prep tables, boiler, commercial extraction, single fryer (buffalo), hotplate (buffalo), various stainless shelves, undercounter fridge and microwave (Buffalo).
Restaurant (5.1m x 6.6m) covers for (25) (Possible Airbnb)
Shower room (1.7m x 2.0m).
Bedroom (3.5m x 5.0m).
Bathroom (2.0m x 1.4m).

External
Frontage with 3 bistro tables & chairs with covers for (6). Rear courtyard.

EPC Rating C