Tea Rooms for sale in Looe

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FANTASTIC BUISINESS THAT GENERATES PROFITS IN EXCESS OF £100,000

Looe, Cornwall, England

  • Freehold Price: £449,950  Price Reduced arrow_drop_down
  • Annual Turnover: £402,919
  • Annual Gross Profit: £283,397
  • Annual Net Profit: £113,660
Seller Reference: LOE170205
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: LOE170205
Request Details
Business Description
Available for the first time in 20 years, an opportunity to purchase one of the most well known and popular bakeries in the fishing port of Looe. Trading all year round, this freehold property is being offered for sale as a going concern and comprises the bakery, tea room and 3 bedroom maisonette which has previously been rented out on an AST and ran as a holiday let.

For 2019 the business turnover was £402,919 which created a net profit of £113,660, a further breakdown of these accounts are available upon request. Previous trading years accounts are available on request. Trading all year round, 7 days a week, the opening hours are 7am - 6:30pm in the summer season reducing to 7am - 5:30pm in winter months. The bakery closes for 2 days a year which is Christmas day and Boxing Day. The bakery, although not a wholesaler, supplies many local cafes, tea rooms and restaurants for their baked essentials. This family run business offers a lucrative return and the current owners believe there is still more potential to increase trade. The business accounts are available upon viewing or by request.
Tenure:
Freehold
Location Details:
Located in a prominent position on Fore Street, Martins Dairy is directly accessed off the main thoroughfare in the town. It sits opposite the main harbour car park so maximum exposure and passing trade is one of the great attributes of this business.
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