Superb Facilities Freehold Sports Leisure & Entertainment Business For Sale

Business description

A rare opportunity has arisen to acquire a truly unique leisure, sports, entertainment and food and beverage business which serves a wide range of organisations, community groups, companies, schools, colleges, sports clubs and individuals. The business also supports the local football club of the town and is home to all its teams right through from juniors to the first team. The club was formed some 120 years ago and is part of the fabric of the local community.

This modern purpose built facility sits on a high profile 10 acre site close to the major trunk road into and out of the town.

The site comprises 3 natural grass pitches and a state-of-the-art artificial grass pitch ("AGP"). The main grass pitch and AGP are both floodlit and one of the other natural grass pitches is partially floodlit. The main pitch has full perimeter fencing and has a capacity of circa 3,500.

The site also supports a floodlit bowling green and pavilion. A local bowling club play league matches at the site.

The main stadium building is a modern structure, comprising functions rooms, bars, dining areas, professional kitchen, changing rooms, cellar, plant room, servery and offices, etc.

There are 2 car parks, with a total capacity of about 200 vehicles.

It is estimated that fixed assets (land, buildings, AGP, etc) amount to approximately £1 million.

The business also leases additional sporting facilities which are located approximately 1 mile from the main stadium complex. The lease is provided at a peppercorn rent.

Commercial Activities & Income

Commercial activities and income streams include the following:

- Venue & pitch hire
- Catering, hospitality & bars
- Weddings, parties, discos, live entertainment, etc
- Corporate events, seminars, training courses, etc
- Advertising - perimeter boards, programmes, web-site, etc
- Sponsorship
- Grants & donations
- Local leagues, tournaments & soccer schools
- Community sports coaching initiatives
- High profile sporting events
- Membership fees

Commercial income represents over 85% of the total income generated from all sources.

There is scope to increase income from the above and also from additional activities.

Football Activities & Income

The football club supports over 20 teams and footballers of all ages and genders enjoy their sport at the facility. Each team is managed by qualified coaches.

The club also has a partnership with a well known Premier League football club and this promotes youth development at the facility.

Football income is derived from the following:

- Membership fees
- Match & training subscriptions
- Gate, programme & raffle sales
- Sponsorship & donations
- Premier League football club funding

Other Sports Activities & Income

The facility also supports the provision of coaching & training for rugby, cricket and hockey at junior and senior level subject to certain constraints. Several local schools, colleges and sports clubs take advantage of these facilities.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business currently achieves turnover circa £270,000 per annum. Current assets are estimated at circa £1million.

The vendor would prefer an outright sale but may consider selling a controlling interest if so required.

Property information

Property:

Freehold

Other information

Expansion potential:

The existing site has potential for additional facilities, for example, an extension to the main stadium building, which could be used for other sporting and leisure activities, e.g. a gymnasium, additional bar and catering, retail, etc.

Moreover, it may be possible to acquire additional land adjacent to the current site which could be used to support more football pitches, cricket, rugby, tennis, hockey and so on.

The potential is to develop the business into a multi-sport venue for the surrounding counties and beyond.

Support & training:

The current owners would be happy to provide full training and support at handover to ensure continuity.

Reasons for selling:

The vendor feels they can no longer give the business the time and resources required to maximise its potential due to a combination of other business and personal commitments. They believe the facility would benefit from a new injection of energy and initiatives to keep driving it forward and to develop the many exciting opportunities available to the benefit of the business and the community it serves so well.