Overview
Description
The Mermaid Cafe in Gorran Haven is an idyllic small business catering for a large following. Located right on the slipway at Gorran Haven beach this type of seasonal business is rarely available and would be an ideal first business venture, or an expansion for existing operators.
The cafe offers barista coffee, pastries, pasties, picnic food, a selection of alcohol, Callestick Farm ice cream and more tempting treats. The menu caters for all tastes and the owners have built a dedicated following alongside a 4.5* rating on Trip Advisor, 4.6* rating on Google as well as Instagram, Facebook and website pages.
The business, run by our clients since 2017 and established in the area since at least the 1960s, has posted an adjusted net profit of approximately £60,000. The business is flat rated for VAT and as such 12.5% of the revenue taken is taken at VAT.
Turnover is as below:
YE January 2024: £198,291
YE January 2023: £187,016
YE January 2022: £198,051
Profit and loss accounts are available on request and the figures there are net of VAT. The business is run by our clients as a limited company, trading above the VAT threshold and assisted by seasonal staff in the busy summer months.
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