8976LN LINCOLNSHIRE FREEHOLD: £750,000 RIDING SCHOOL & FISHING LAKE
Asking Price: GBP
750000
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| Description: |
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Advent Business Sales are delighted to offer
for sale this well established going concern,
which has been established for the last 10
years when the current vendor started
trading.
The vendor has now decided to retire.
There are multiple income streams which
include:
1. Driving lessons with horse and
carriage. 12 to 14 lessons are
conducted weekly at an hourly rate of
£20.00
2. Riding lessons – these fluctuate
accordingly to the season
3. A contract is in place with a special
needs school for 8 pupils per week
4. Carriage tours – our client has a sole
Hackney licence for tours around
Lincoln Cathedral
5. Wedding carriages – the vendor is
hired out to approximately 45
weddings per annum. In 2008, these
were charged out at £775 per day to £1000
per day per wedding. Our client also attends
special occasions/events such as proms,
anniversaries, special treats and picnic rides.
6. Fishing Lake – our client charges
people wishing to fish at the lake at
£5 per rod. The lake has 18 pegs or
fishing stations.
Our client has informed us that his annual
takings are in the region of £300,000 per
annum. He has also informed us that the
sales revenue can be verified by his quarterly
VAT returns.
The property also has 8 horse stables and 8
pony stables (American style blocks), a
separate tack room and a dairy, as well as 6
paying liveries.
The riding school is registered for 6 horses.
Our client has a well presented web site,
which can be accessed at www.horsecarriages.
com.
The business offers enormous potential to
any serious minded purchaser.
The owner has been reducing his trading
hours with his imminent retirement in mind.
The riding school has stopped weekend and
evening lessons, which used to generate 15
paying pupils daily (weekends).
There is still high demand for horse riding
lessons.
The Cathedral tours are an area, which also
offers opportunity to increase takings.
Evening tours proved extremely popular and
our client was not able to fulfil demand.
The evening tours actually proved more
popular than day time tours.
The wedding carriage side if advertised more
would certainly lead to more orders.
Liveries and the fishing lake are also areas
which would contribute further to
additional revenues.
Basic stock, carriages, vehicles, horse and
ponies are included within the sale, whilst
extras will be subject to negotiation.
The two wedding carriages are included in
the sale.
The vendor has informed us that the council
would look favourably at planning consent
for several log cabins and converting an
existing outbuilding into residential
accommodation.
A new owner would need to apply for
planning permission.
REF: 8976LN
TRADING HOURS
Mon-Fri: 9am – 5pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £300,000
Gross Profit:
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The 14 acre freehold site briefly comprises of:
Home and lake within 1.5 acres
• Riding school and paddocks in
excess of 10 acres
• Riding school – Tack room and
dairy, feed room, 16 stables, large
barn
Home -Ground Floor
• lounge, dining room, kitchen,
bathroom and w/c, walk in pantry,
office, conservatory, cloack room &
W.C
First Floor
• 4 Bedrooms
• W.C & Bathroom
There is also a residential caravan on site.
TENURE: Freehold
We are advised that the annual business
rates are currently: £TBC
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office. |
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| Financial Information: |
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| Annual gross sales: (GBP) |
300000 |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
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| Year Established: |
1998 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
Yes |
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| No of trading hours: |
Mon-Fri: 9am – 5pm |
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Reasons for selling:
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The vendor has now decided to retire. |
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