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Restaurant/cafe for sale

£49,995

8 High Street, Exmouth EX8

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Property description

Business
Hilton Smythe welcomes to the market rm & Sons Ltd t/a Namaste Himalaya. There has been a restaurant at this site for over 50 years with our client taking over the business in 2014.

This lively town centre restaurant offers an authentic eclectic menu including Thai, Chinese, Indian and Nepalese. The restaurant is a well-like and regular eatery for local residents with further trade from the many tourists visiting this popular seaside resort.

The restaurant is nicely presented and is split over two floors and boasts over 60 covers, extending to around 80 covers for private functions. The restaurant is fully licenced and air conditioned and is nicely decorated and offers a relaxed ambiance for diners.

The food is also available to takeout and the business also offers a delivery service in the area. Advertising is via the business website with on-line ordering facility. The restaurant also has a presence on social media and excellent reviews on TripAdvisor, with comments such as “yet again superb” and “Great service, very tasty food”.

In addition, the business benefits from a 2-bedroom living accommodation above the restaurant.

Early viewing of this outstanding business venture in a prime location is not to be missed, with the business genuinely coming to the market as our client is relocating.

Location
This busy restaurant is set in the vibrant family friendly holiday resort of Exmouth, Devon.

Namaste Himalaya is ideally located within the heart of the town centre. Situated on the busy High Street, within a parade of independent shops, eateries and town centre amenities ensuring a constant and high footfall throughout the day.

The business is within walking distance of the golden sandy beach and harbour. Exmouth is a popular tourist location with a honeypot of visitors arriving year after year. Exmouth hosts regular festivals and events, such as the Let's Rock Exmouth festival and many arts and craft fairs. Water sports and fishing are very popular with both the locals and visitors alike.
Premises
Mid parade premise briefly comprising: -

Colourful signage and large glass frontage, highly visible to passing trade.

Entrance vestibule, Dining area with 16 covers, lovely decor and stripped wooden flooring. To the rear is the main bar and serving area, stairwell to 1st floor restaurant area and access to kitchens behind.

Kitchen

Fully fitted stainless steel catering kitchen with gas range and extraction, dry stores room, ancillary areas, wash up area, cold room and dumb waiter to both floors.

First floor restaurant

Stripped wood floors, nice decor, large bar servery at one end, ladies and gents wc. 45 to 50 covers, 80 covers if private function. Storage and ancillary area to back, plus dumb waiter and aircon system to ceiling.

Owners accommodation

2 bedroom, bathroom, no kitchen. We are advised staff are currently occupying.
Tenure
We are advised leasehold.

The original lease length is 25 years

As of 2016,20 years remain on the lease.

Reviewed every 5 years.

Rent is £15,000 per annum.
Hours
The business opens:-

Tuesday to Sunday 12noon – 3.00pm and 5.00pm – 11.00pm
staff
The business is owner run and managed with the assistance of 3 full time kitchen staff, 2 full time and 4-part time waiters and 1 delivery driver.
Financial profile
Please contact Hilton Smythe for financial information.

What Zoopla users think of Exmouth

Overall rating:

  • currently 4 stars
Very good - 81% (80 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Exmouth (0.2 miles)
  • Starcross (1.7 miles)
  • Dawlish Warren (1.9 miles)
  • Exeter International Airport (8.0 miles)
  • Cardiff Airport (53.9 miles)
  • Bristol Airport (60.9 miles)
  • Exmouth Ferry Landing (0.5 miles)
  • Starcross Ferry Landing (1.5 miles)
  • Turf Lock Inn Ferry Landing (3.9 miles)

Nearby schools

View all schools in East Devon
  • The Beacon Church of England (VA) Primary School (0.0 miles)
  • Exeter Road Community Primary School (0.3 miles)
  • St Joseph's Catholic Primary School, Exmouth (0.4 miles)
  • Oakwood Court College (Phoenix Learning Care Ltd) (3.3 miles)
  • Education and Care (Devon) Ltd At 7-9 Oak Park Villas (3.3 miles)
  • Wesc Foundation College (6.9 miles)
  • Exmouth Community College (0.7 miles)
  • St Peter's School (2.3 miles)
  • Dawlish Community College (3.2 miles)
Note: Distances are straight line measurements

Local info for East Devon

About the neighbours in EX8

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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