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Prime Exeter City Centre Licensed Restaurant With 84 Diner Capacity For Sale

Undisclosed, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    04/03/24

  • Advert ID

    607763

  • Reference

    R35947N / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £275,000
  • Turnover: £670,933 (£12,903 Per week)
  • Net Profit: Not Applicable

Business Details

LICENSED RESTAURANT



Stunning top performing LICENSED RESTAURANT, totally refurbished in recent years at a cost in excess of £200,000, occupying one of the best EXETER CITY CENTRE trading positions. A renowned venue, fronting busy sought after thoroughfare, close to attractions, main shopping High Street with its national retailers, and commercial district with numerous office blocks.

Stylish air conditioned premises professionally fitted out to the highest of specifications with no expense spared and no expenditure considered necessary. Contemporary 84 cover dining area expertly designed to also accommodate functions, bar, comprehensively equipped professional commercial kitchen, cloakrooms, and storage facilities.

A most efficiently operated business, totally managed by staff on a day to day basis, serving popular easily prepared affordable menu of European influence. Sales 2023 £670,933 ex Vat, Gross Profit £455,839, six figure Net Profit even on a staff operated basis, considerably more to working owners or can continue to be manged. Enjoys lucrative seasonal boosts from graduation week and Christmas, only trades 6 day week, predominantly daytime, with 3 evenings.

Leasehold £275,000 sav Ref: R35947N

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

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Contact the seller for more details, or book a viewing

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

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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.

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.'.

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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.

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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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 - R35947N / 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.