Conference Centre Midlands | | Undisclosed Leicestershire | | Business: Conferences, Exhibitions, Meetings, Weddings - Full-On Licence Financial: Taking £30kpm and rising Location: Town Centre, close to Midlands Motorway network Facilities: 10,000 sq ft of conference facilities & 3,000 exhibition space | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 4811
ADVERT IMPRESSIONS : 59,717 TIME(S) | | | | BUSINESS SECTOR: | Miscellaneous | | TRADE TYPE: | Private Hire | | SALE: | Agent Sale | FREEHOLD: | £1000000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business Description: This impeccably refurbished conference and meeting centre is presented to the highest standard and has been trading for just over 4 years. During this time an impressive client base has been developed, including many and varied Blue Chip companies, offering considerable repeat business. Turn-over is now at circa £30,000 per month on a regular basis with good forward bookings. Conveniently located in the heart of the Midlands, this unique venue offers solutions to the business and public communities for all of their conference, exhibition, meeting and private function needs. The premises can accommodate group sizes from 2 – 200 people (this could be increased to circa 450 if the main meeting room and exhibition centre were combined), offering a professional environment with all of the facilities usually required, including a catering service, full-on licensed bar, communication systems and broadband internet connection together with high quality specialist furniture, presentation equipment, fixtures and fittings. The main meeting room has recently been licensed for weddings, making this location one of the largest marriage venues in the Midlands.
This young and growing business is rapidly gaining a reputation in the region for quality of service, with each event planned to the finest detail to ensure customers requirements are met in full. Rooms can be arranged to suit clients’ needs, whether it be a formal boardroom layout, ‘U-shaped’ for training, theatre style for presentations or informal cabaret style.
The business would benefit greatly from new, enthusiastic ownership. The existing client base has grown mainly through local connections. Investment in marketing of the business on a national scale would offer excellent opportunity for growth. With the newly refurbished exhibition centre, the venue is now available to hold weddings up to circa 400 guests.
Location: Ideally located within the heart of the extensive Midlands Motorway network, between the cities of Leicester and Coventry, 20 miles from Birmingham. The convenient location is central for delegates travelling from all over the country. There is limited parking on site and the current owners have a casual agreement with local church and businesses to use their car parks for overflow. There is also extensive local authority parking facilities in the vicinity.
Financial Details: The business is now taking circa £30,000 per month on a regular basis with good forward bookings. A brief synopsis of the accounts is given below:-
Pro Rata 12 months 2006/07 5 months to
31 Dec 2006 12 months 2005/2006
Turn-Over £ 330,662 £ 137,776 £ 260,599
Gross Profit £ 234,516 £ 97,715 £ 200,308
71% 71% 76%
Adjusted Net Profit – pre depreciation, interest etc £ 112,224 £ 46,760 £ 101,744
The business was incorporated in July 2006. The above table calculates anticipated figures to July 2007 on a pro rata basis. It is expected that actual performance will be significantly better than this as the business continues to grow.
Premises: The premises are superbly appointed throughout and offer meeting/conference rooms with various capacities as follows: Windermere Suite - 160 seat board room/200 seat theatre layout capacity, ideal for larger conferences, exhibitions and functions; Ullswater Suite - 60 seated/70 party capacity; Broughton Suite - 20 seat board room/45 theatre layout capacity; Richmond Suite - 18 board room/25 theatre seat capacity; Langdale - 6/10 seat capacity; Hamble - 6 seat capacity; Grassmere - 6 seat capacity; 3000 square foot Exhibition Hall.
These facilities are complimented by an attractive reception area, fitted kitchen, fully licensed bar and management offices. | | | | | | FOR SALE | | | | | REFERENCE: | TRB.1137 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
