* Leasehold
Famous destination bistro/restaurant with the benefit of accommodation,
occupying busy exeter city centre trading position. A landmark business,
considered one of the longest established eating venues in the City, under
current ownership in excess of 30 years, offering a niche Vegetarian themed
menu, ensuring a strong following. Highly visible and easily accessible,
fronting busy pedestrian and vehicle thoroughfare, just off main shopping High
Street, close car parks and short walk residential areas & university.
Deceptive character premises, actually extending over 4 levels, but at the
same time enjoying low overheads, favourable rent, zero business rates despite
City Centre location. Offering ground floor restaurant dining area with scope
for 50 covers, bar servery/waitress area, commercial kitchen, and lower ground
floor providing 3 customer cloakrooms and ample storage. Useful maisonette
extending over the first and second floors, comprising spacious dual aspect
kitchen/dining/living area with added benefit of roof terrace, 3 double
bedrooms, bathroom and cloakroom.
A thriving very popular top performing profitable business with top reviews
received, serving an easy menu freshly prepared on the premises, appealing to
all age groups. Sales 2023 £202, 663 ex Vat, Gross Profit £158, 085, Net Profits
in excess of £70, 000, only trading a 5 day week (5 lunchtimes & 5 evenings,
closing 9. 30pm), excellent staffing structure with only one of the partners
working full time in the business. Benefits from limited competition, still
offers considerable further opportunities for new owners, especially through
longer opening hours, in particular Sunday opening for which there is
considerable demand.
Leasehold £89, 950 sav Ref: R35556N

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