Freehold Riding School With Lake & Horse Drawn Carriages For Sale

Business description

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.horse-carriages.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

Property information

Property:

Freehold

Lease terms:

TENURE: Freehold

We are advised that the annual business rates are currently: £TBC

Living accommodation:

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.

Location:

Our client is situated in a rural setting approximately 4 miles from Lincoln city and 1 mile from the local village.


The village has good facilities including schools, a doctor’s surgery and a supermarket.

Other information

Financing available:

Please let us know if you require finance for the purchase of a business.

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