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Thriving Devon Restaurant, Four Bedroom Flat, Reduced Price For Sale

Exmouth, Devon
Asking Price:
£65,000
Turnover:
Available on request
Net Profit:
Available on request

The Chronicle Restaurant is a successful, evenings only, independent licensed establishment.

This is a general guide only, please get in contact for more details.

With a great town center location, it benefits from a large footfall encompassing locals and visitors alike passing from the shopping precinct to Exmouth beach and Manor Gardens Park across the road.

The art deco building has a long history, from a sailors rest to the original premises of The Exmouth Chronicle newspaper in the 1930s.

We have run the Restaurant for the past 8 years and operated to a very high standard and only to specific opening times, closing for 2 months during the winter months.

Opening times
Wednesday to Monday 6-9pm

The restaurant has 46 seats and a fully equipped commercial kitchen, wash up area, bar servery, store room and Ladies and Gents WCs.

Business wise the restaurant is well regarded locally and we have a large online presence , being No.1 from 99 on Tripadvisor, a big Facebook following, an established google rating along with mailing list and our own website which gives a general overview of what is on offer.

The menu reflects our Devon address with the majority of products coming from established local suppliers, cooked to order, served alongside a tailored drinks list in a relaxed atmosphere. Thankfully this ensures that we have regular repeat trade from locals as well as a boost from seasonal tourists.

Private Apartment.

The Apartment upstairs consists on Four bedrooms, Sitting room, Bathroom, Kitchen and Balcony Terrace. Two Bedrooms have front aspect and two with rear aspect and built in wardrobes. The kitchen is fitted with base and wall cupboards and work surfaces.

Energy Rating- E-114

All Mains Services are connected to the Property

Business Rates and Council Tax and are available on request or from The Valuation Office.

The property is available through a new 9 year lease.

Viewings are strictly by appointment with the owners directly, Please contact before hand for a more detailed brochure and financial information.

Property information

Property:

Leasehold

Lease Terms:

New 9 year lease, payable quarterly in advance with 3 year rent review.

Leasehold Rent:

£18,000 per annum

Living Accommodation:

Private Apartment.

The Apartment upstairs consists on Four bedrooms, Sitting room, Bathroom, Kitchen and Balcony Terrace. Two Bedrooms have front aspect and two with rear aspect and built in wardrobes. The kitchen is fitted with base and wall cupboards and work surfaces.

Location:

The Chronicle Restaurant operates from a prominent landmark building within Exmouth town center.
With a great town center location, it benefits from a large footfall encompassing locals and visitors alike passing from the shopping precinct to Exmouth beach and Manor Gardens Park across the road. Pay and Disply Parking accross the road with on street parking widely available outside the premises and nearby.

Premises Details:

The restaurant has 46 seats and a fully equipped commercial kitchen, wash up area, bar servery, store room and Ladies and Gents WCs.

Business wise the restaurant is well regarded locally and we have a large online presence , being No.1 from 99 on Tripadvisor, a big facebook following, an established google rating and our own website which gives a general overview of what is on offer.

The menu reflects our Devon address with the majority of products coming from established local suppliers, cooked to order, served alongside a tailored drinks list in a relaxed atmosphere. Thankfully this ensures that we have regular repeat trade from locals as well as a boost from seasonal tourists.

Private Apartment.

The Apartment upstairs consists on Four bedrooms, Sitting room, Bathroom, Kitchen and Balcony Terrace. Two Bedrooms have front aspect and two with rear aspect and built in wardrobes. The kitchen is fitted with base and wall cupboards and work surfaces.

Energy Rating- E-114

All Mains Services are connected to the Property

Energy Performance Rating:
E

Business Operation

Expansion Potential:

The restaurant only opens in the evening, Wednesday to Monday 6-9pm (closed Tuesdays). We then close mid October until mid November and close again for 2.5 months in January, February and March.
The potential to expand these hours is extensive and is definitely something for prospective viewers to consider.

Competition / Market:

The restaurant is well established within the eating out circuit of East Devon, We have a lot of local trade and benefit from a No. 1 rating on Tripadvisor.

Reasons for selling:

Relocation for health reasons.

Trading hours:

Wednesday to Monday 6-9pm

Employees:
5 Casual
Years established:
8

Contact Information

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