Well Fitted Licensed Noodle Bar in Exmouth For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area DEVON. EXMOUTH

Turnover £ 5,500
Price £129,500

Features

Well Fitted Licensed Noodle Bar

6 DAYS OPENING

5* Hygiene Rating

DOUBLE FRONTED PREMISES in the region of 1,000 ft². Industrial non-slip floor, suspended ceiling with concealed lighting. Air conditioning with hot air. Tables and chairs providing seating for 36 persons.
Bar, EPOS till.

OPEN PLAN KITCHEN. Stainless steel extractor unit, fresh air pump, 6-burner gas cooker, 4-burner Wok Station, freezer, 2 fridges, plate warmer, refrigerated making table.

PREPARATION ROOM, commercial dishwasher, glasswasher, double sink and drainer, fridge, deep freeze, larder freezer.

Toilet with w.c. and wash hand basin

Disabled toilet with baby changes facilities, w.c. and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a gross profit of 70% approx. (30% delivery)

Staff

The business is at present operated by the vendor with 3 full time staff plus 6 part time staff & 4 self employed drivers

Trading Hours

6 Day week
MONDAY - SATURDAY 4pm - 9pm

Outside

Small Yard

Tenure

The private landlord owns the leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE LEASE at terms to be agreed at a rent of £32,000 p.a. with rent reviews.

N.B. - The Purchaser is to be responsible for all parties legal fees.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £129,500 plus STOCK AT VALUATION (£7,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 64,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote