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Restaurant/cafe for sale

£60,000

Bedford Street, Princesshay Square, Exeter EX1

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Property features

  • A Well-Established & Successful Licenced Tapas Bar & Restaurant
  • Situated in South Devon City Location
  • Decorated to a High Standard with a Well-Equipped Commercial Kitchen
  • Restaurant Seating 60 with Bespoke Bar, Wash Up Area and Wine Cellar
  • The Premises Would Easily Lend Themselves to any Number of Catering Styles

Property description

Exeter, the capital city of Devon, has an estimated population of 125,000 and is at the centre of a catchment area of over 455,000 inhabitants. The average city centre footfall is circa 800,000 people per month and tourists to the area number nearly 1 million per year. Exeter has an International Airport, two railway routes into London (Paddington and Waterloo), major routes by road (M5 to Bristol), 3 Park & Ride schemes and connected cycle routes within the city. El Bocado is located on South Street adjacent to Exeter Cathedral and within walking distance of all Exeter's main attractions and shopping centre. South Street has a variety of shops and places to eat that line both sides of the ascent into the city. The contemporary Mercure Hotel and the newly opened Hotel Du Vin are located close by thus providing a large potential customer base. The premises are also close to Magdalen Road Council Car Park which is free after 6pm, ideal for customers visiting the Bocado, meaning 'bite' or 'mouthful' in Spanish, is a licensed Tapas Bar and Restaurant which is tastefully decorated with a Spanish theme running through. The restaurant has a warm and welcoming atmosphere which is complimented by the quality of the fixtures and fittings. El Bocado has received excellent reviews on Tripadvisor along with a Certificate of Excellence and holds a Food hygiene rating of '5': The Lunch and Dinner menus offer a variety of tapas, including Serrano ham, Manchego cheese and olives as well as old favourites such as calamari's, chorizo and tortilla, alongside seasonal main courses and delicious desserts. The menus are also designed to appeal to Vegetarians who are looking for creative and tasty vegetarian and Gluten Free food.


Bar area


Bespoke bar with wood and tile top and wood panelling below. Behind the bar is wall mounted shelving for the storage of wine bottles and spirits. Bar mounted beer font and under bar python system. 2 double drinks fridges, Infraco slide top fridge, wall mounted glass holders, Premier Maxi Coffee machine with separate grinder. Samsung electronic cash register and Epos system


Wine cellar and wash up area


With Electrolux glass cleaner, Whirlpool ice machine, stainless steel sink and drainer, wall mounted wine racks, large upright drinks fridge, Pioneer music system.


Ladies cloakroom


With solid wood door, leading through to waiting area with tiled floor, wall mounted automatic lights and large mirror. Door leading through to the WC with wash hand basin, floor to ceiling tiles.


Gents cloakroom


Solid wood door, leading through to waiting area, door to WC, wash hand basin, floor to ceiling tiles. Automatic lights


Main trade area


There is also a rear fire exit.


Commercial kitchen


Swing door leading into the well-equipped commercial kitchen. Commercial no slip flooring through-out, tiled and cladding to the walls. Commercial extraction system, Blizzard large double door fridge, multi vac machine, under counter freezer, second vacuum machine, table top Buffalo large contact griddle, 2 6 ring gas hobs with ovens under, stainless steel storage and shelf above, Lincat double deep fat fryer, under counter fridge, Clifton water bath /, soup kettle, large double stainless seel sink with drainer, Maidaid Halcyon C100 push through commercial dishwasher, Norwood Vulcan large double door fridge, Sharp Commercial microwave, selection of commercial mixers, commercial meat slicer, stainless steel prep tables and hot cupboard. Wall mounted Combi boiler.Exit to the rear lane


Separate storage area


2 freezers, dry store area.


Business


The business is run by the owner with one other front of house which is increased to 4 or 5 waiting staff during the busy periods at the weekends. The restaurant trades 7 days a week, Monday through Friday, 5 till close. Saturday and Sunday, 12pm till close. Last orders approximately 10pm. The kitchen is operated by one head chef and the assistance of 2 sous chefs. Turnover for ye September 2016 was £188,221 with an impressive net profit of 74%


Tenure


The premises is held on a fully and repairing lease provided by Exeter Council. We have been informed the Landlords will consider granting a new lease to the ingoing tenant with further terms to be negotiated, at a rent of £17,600 per annum.


Services


The premises are connected to all main services.


EPC rating E

Property info

What Zoopla users think of Exeter

Overall rating:

  • currently 4 stars
Very good - 85% (186 ratings)

Ratings breakdown:

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Community & safety
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Parks & recreation
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  • 1
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Nearby transport

  • Exeter Central (0.4 miles)
  • Exeter St Thomas (0.5 miles)
  • St James Park (Exeter) (0.8 miles)
  • Exeter International Airport (5.2 miles)
  • Cardiff Airport (47.5 miles)
  • Bristol Airport (57.8 miles)
  • Topsham Ferry Landing (3.7 miles)
  • Topsham Lock Ferry Landing (3.8 miles)
  • Topsham (Turf Lock Ferry) Ferry Landing (3.9 miles)

Nearby schools

View all schools in Exeter
  • St David's Church of England Primary School (0.4 miles)
  • St Leonard's (CofE) Primary School (VC) (0.5 miles)
  • St Thomas Primary School (0.6 miles)
  • Exeter Mathematics School (0.3 miles)
  • Exeter Royal Academy for Deaf Education (0.4 miles)
  • Exeter Tutorial College (0.6 miles)
  • Exeter Cathedral School (0.1 miles)
  • The Maynard School (0.4 miles)
  • Exeter Royal Academy for Deaf Education (0.4 miles)
Note: Distances are straight line measurements

Local info for Exeter

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For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bettesworths, and do not constitute property particulars. Please contact Bettesworths 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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