WELL ESTABLISHED DAY TIME ONLY CAFE AND RESTAURANT SITUATED IN A BUSY PEDESTRIANISED SHOPPING CENTRE IN POPULAR EAST DEVON COASTAL RESORT
WINE OF ARABY, 20 CHAPEL STREET, EXMOUTH, EAST DEVON, EX8 1HS
LEASEHOLD: £25,000
Stonesmith are marketing the leasehold sale of Wine of Araby – a thriving and well-regarded cafe and restaurant in the highly regarded coastal resort town of Exmouth, probably one of the busiest tourist locations in East Devon. The business occupies a lucrative and prime trading position with a visible frontage within the Magnolia Centre, the main pedestrianised shopping centre within the town. Enjoying all the considerable commercial advantages of its superior trading position, amongst other complementary businesses including well known national retailers, the premises are well placed to take advantage of the high footfall, with a pay and display car park directly to the rear. Exmouth is a sought after coastal resort town situated on the Jurassic coast and designated as a World Heritage Site by UNESCO. It is also a dormitory town for nearby Exeter and has a resident population of around 49,000 people, although this increases substantially during the peak holiday months.
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.
Having been in the current ownership for 21 years, the business offers the opportunity to purchase this highly desirable and easy to run catering business, with an established trade and an excellent following. 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.
The business has a website www.wineofaraby.co.uk which provides further background information and menus.
The leasehold property is on the market for £25,000. Full property details are available from the website www.stonesmith.co.uk and viewings arranged by calling 01392 201262.
