Café business available near new contemporary exchange gallery at Penzance.
PDF | Print | E-mail
Written by Russell Weetch
Wednesday, 02 April 2008
 Miller Commercial of Truro are bringing to the market the Mackerel Sky Cafe located at 45 New St, in the centre of Penzance. It stands in a narrow traditionally cobbled street, linking Market Jew Stand the new Contemporary Exchange Gallery, which has been hitting the headlines in the national arts press.

The licensed gallery is extremely well appointed having gone through a recent programme of refurbishment. It enjoys excellent window frontage and provides ground and first floor restaurant areas, which accommodate covers for 34 diners.

The business has been trading for the last 4 years and Accounts to March 2007 show sales approaching £72,000 from being open for 10.5 months of that accounting year. For a full trading year, with the benefit of the full refurbishment, it is projected that sales should be in excess of £110,000.

Mackerel Sky Cafe is available off a revised, freehold guide price of £250,000 SAV.

Russell Weetch, Head of Business Transfer at Miller Commercial comments, ‘This is a very attractive looking business in a town of well over 20,000 population. With a recently revised guide price our agency feels the business now represents good value’.

For full details contact Russell Weetch at Miller Commercial Truro on 01872 247005.