Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

For Sale
1 of 4

Manor House Activity Centre, To Be Relocated, St. Issey Wadebridge, Cornwall

Leisure for sale

£395,000

Freehold

A well established OUTDOOR ACTIVITY centre business, to be sold as the BUSINESS ONLY and therefore to be relocated to a suitable premises. Assets of c. £200k and EBITDA of £150k pa. Genuine sale.

  • ESTABLISHED (1986) OUTDOOR ACTIVITY CENTRE
  • INVENTORY / ASSET LIST C. £193k VALUE
  • CONSISTENT SALES, EBITDA £152,000
  • BUSINESS SALE ONLY

Property Brochure PDF Location Map

Summary

ESTABLISHED (1986) OUTDOOR ACTIVITY CENTRE
INVENTORY / ASSET LIST C. £193k VALUE
HIGH LEVELS OF REPEAT CUSTOM
CONSISTENT SALES, EBITDA £152,000 PA

Location

The business trade areas extend to the far West of Cornwall and the North and South Coasts.

The business can of course be relocated to any site which provides access to the Coasts and Moors.

The Business

We understand a business activity of this type has traded on the site since 1986 and has been in our clients tenure since 2002, who are now looking to sell to explore other business / life opportunities away from this sector. The business introduced the residential instructor training programme in 2009 and in terms of the client split is approximately 50% from Independent Schools (which have very high levels of repeat custom); 30% Residential Instructor Programme ( 4 month courses in off season, average 16 to 20 students pa); 15% Youth Groups and ; 5 % Other.

The business is run by our clients, with up to 10 members of staff, including seasonal and freelance and trades all year, with the Manor House (guest accommodation) being given over entirely as a ‘single let’ for weekly self-catering holiday lets during the month of August, to suit our clients needs.

The business is to be sold by way of an Asset Sale.

In terms of the trade we can advise the Trading Profit and Loss Account show net sales (for the latest year end June 2018) of £460,032 with a Gross Profit Level of 86% and an EBITDA of £152,252. A 3 year average show average sales of c. £400,000 per annum and an EBITDA of c.£120,000, further accounting information will be made to interested parties and their advisers subsequent a viewing / meeting, in the normal manner.

For further information regarding our clients business please see their website www.manoractivitycentre.co.uk

General Information

LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk

Inventory / Asset List

A detailed copy of the Assets is available upon request and we are advised has a value of c. £193,000.

Agents Note

The clients will consider offers for the business separately to include the goodwill, trade inventory, intellectual property rights and a handover/training period if required. For further information please contact the selling agent.

Stock

Not applicable.

Value Added Tax

All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-

Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

or Paul Collins on 01872 247029 or via email pc@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF