Burnham-on-Sea Pavilion has been sold by the Parkin family to J Holland and Sons, after 49 years of ownership.
The pavilion opened in 1914 and is famous for having the shortest pier in the country at only 37 metres in length.
Despite its short length it houses a café, restaurant, small shops and an amusements hall.
Former owner Louise Parkin said: “It is both a happy and sad time for us. After having it in
the family for almost half a century, it is strange to pass it onto someone else.
“But due to ill health in my family, it has been more difficult over the years to run and we decided the time was right.”
She added: “Now is probably the right time for us to move on and allow a new owner to come in and take things in another direction.
“I am sure the owners will have their own plans and vision for what they want to do to the pavilion. In the last few years, running the pavilion has become like a full-time job because it comes with a huge responsibility and the cost of running it is high.”
Louise’s father, Harry Parkin, took over the derelict pavilion in 1968 and the family dedicated a lot of funds to both renovating and maintaining the historic site.