Bakery & Tea Rooms in East Looe

8 months ago Looe, United Kingdom Ad Views:170 Ad ID: 3762

Additional Details

  • Ad ID3762
  • Posted On8 months ago
  • Ad Views170
  • Price49,950 £

Description

For sale this busy Bakery & Tearooms which is located in East Looe. The business has been established for over 60 years and has been in the careful hands of the present owners since 1998. The business is now being offered for sale so that they can concentrate on other business interests.

Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included with in the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Martin’s Dairy is very much owner operated and employs the help of 1 full time and 8 part time members of staff and posted an annual turnover for year ending 31st October 2019 of £402,919 with a GP of £283,397 (70%) which produces a net profit in excess of £100,000. Renowned as being one of the leading independent bakeries in Cornwall where a fine range of high quality products are baked on site and retailed in their very own tea rooms. On offer you have artisan breads, Cornish pasties, sausage rolls, pizza slices, buns, cakes, scones, cream teas, ice creams, specialist teas, coffees and cold drinks.

We believe that there is further potential to increase turnover should you wish as the owners are constantly being asked to supply other local business’s with their quality products but choose not to. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. 

3762