The business has transferred from long term ownership to become part of the growing Cyderhouse Co Ltd, a new subsidiary of Healeys Cyder, off a guide price of £3.5 million.
Acting on behalf of the long-term owners, commercial agents Vickery Holman announces the successful sale of one of Cornwall best known venues, which has been taken over by another long established Cornish family business.
Speaking on behalf of the previous owners, Michael Easton of Vickery Holman comments ‘Our clients took on a beach side shack at the turn of the century and have created a quality restaurant and beach bar, taking full account of the world class location. During their time, the Gylly Café has become one of Cornwall’s best known dining locations and in more recent years a hub of activity to include in-house bakery, take away, beach retail and water sports. When the time came to hand over the reins, we were instructed to run a full and open marketing process which began in April this year. There was significant interest from the start, many keen to own a prime business and award-winning location. Through this process Joe Healey and the team at Cyderhouse stood head and shoulders above the rest and understood the need to maintain the current standards for many years to come.’
Joe Healey for Cyderhouse comments ‘We have admired Gylly Beach Café from afar for many years and when it became available, we knew we had to act quickly in order to secure it. It perfectly complements our long-term ambitions to own and operate unique quality venues. As 7th generation Cornishmen, I and my brother Sam are keen to invest in the long term sustainable growth of our business, and venues like Gylly Beach suit our vision perfectly. We look forward to welcoming customers old and new.’
The transaction was handled by commercial agents Vickery Holman with legal representation from David Williams at Murrells Associated for Cyderhouse and for the sellers, legal representation from Jonathan Holloway of Trowers and Hamlins with accountancy and taxation advice from Hannah Collison of Atkins Ferrie. With a short target deadline to complete matters the respective teams have been worked extremely hard to meet these aspirations.
