Mawgans of Looe

Written by Theresa Tyack Friday, 04 June 2010 12:42

Mawgans of Looe is located centrally in the South Cornwall harbour resort. Offers are invited off a leasehold guide price of £85,000.

The business is double faceted, and offers an extremely tastefully appointed restaurant, in addition to which there are two letting bedrooms enjoying the names of Bluebell and Foxglove, with the latter providing views over the beach and Banjo Pier.

The premises have three floors, with the ground floor, Mawgans Restaurant, having 20 covers and occupying a prominent trading position just a short walk from the beach and harbour. The letting bedrooms are arranged on the 1st floor with the owners' accommodation located on the top floor.

The business is enjoying its 4th season of trading and is currently operated by the owners with part-time staff as required. The business trades evenings only, Mondays to Saturdays with reduced trading hours during the shoulder months of the season. For bookkeeping purposes the catering business and the letting business are split and full audited figures will be made available to bona-fide applicants.

Mawgans of Looe is being made available with the remainder of a 15 year term lease, commencing 2000, on full repairing and insuring terms, at a current rental of £17,000 per annum exclusive.

Richard Gilbert of our Business Transfer Dept comments, "This is a nice little operation in a well presented property. It would suit a couple, perhaps starting to run their own business for the first time, in the ever popular south coast resort".

For full details contact Richard Gilbert on 01872 247027   View Property Details

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