A cafe and restaurant in Exmouth’s Magnolia Centre is on the market with a leasehold asking price of £50,000.
Wine of Araby occupies a prime trading position with a visible frontage within the shopping centre. It has been in the same ownership for more than two decades.
Being marketed by business transfer agents Stonesmith, the business is said to be ‘well placed to take advantage of the high footfall, with a pay and display car park directly to the rear’.
A spokesperson said: “The premises consist of a main cafe comfortably seating 39 customers on the ground floor, with an additional first floor seating area comfortably seating 31 customers. There is a catering kitchen with washup area, preparation kitchen/store room on the first floor and further store rooms on the second floor. There is also a car parking space to the rear.”
Stonesmith points out: “There is potential for incoming operators to increase the current day time only opening hours and to introduce evening openings and to apply for a license to serve alcohol.
“The sale of Wine of Araby represents a unique opportunity to purchase a busy and well regarded catering business in an excellent trading position with impressive levels of trade and with genuine potential for further growth and development.”
Full property details are available from www.stonesmith.co.uk and viewings can be arranged by calling 01392 201262.
Developer behind 36-home Exmouth scheme asks for more time to deliver last affordable dwellings – so it can sell private properties