Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/04/24
609831
155568 / Rightbiz
The company owns and operates a strong portfolio a portfolio of luxury hotels and restaurant/bars situated in the Channel Islands, catering its services to the general public, tourist groups, weddings and corporate events.
Having experienced rapid growth since its foundation, the company has strategically invested in properties in prime locations, refurbishing and enhancing run-down properties to maximise revenue, whilst cultivating an excellent reputation as a trusted provider of high-end guest experiences.
The owners are offering the company for sale as part of their retirement plans. In anticipation of the sale, the owners have established a dependable management team, which will be able to efficiently manage all operations on an independent basis, post-sale.
Key Highlights
- Offers a total of 129 rooms across all properties, maintaining average occupancy rates of circa 60%, with constant demand throughout the year, peaking during spring and summer.
- All hotels are complemented with on-site restaurants, bars and pools, which supply additional, highly profitable revenue streams.
- All hotels are set within sizeable grounds and benefit from prominent positions, set against beautiful landscapes and offering distinctive escapes for all guests.
- Each of the company’s hotels is managed by a dedicated on-site team, with a centralised head office function focusing on business development. All active members of the management team will remain with the business, post-sale.
- Further growth will be achieved by increasing the accommodation capacity of the current properties, with demand currently outstripping availability, presenting an immediate area of potential expansion.
Financial Highlights
- Achieved turnover of £6.6 million in YE23, with an adjusted EBITDA in excess of £1.6 million.
- The combined market value of all sites is circa £17.3 million. The freehold for all properties will be included in the sale.
- YE24 revenue and adjusted EBITDA are on course to exceed YE23 levels, as demand for high-quality accommodation in the area continues to rise.
- Whilst revenue was temporarily affected by the impact of the Covid-19 pandemic, the company remained profitable throughout, with revenue and profits now exceeding pre-pandemic levels.
- Revenue from accommodation, food and liquor account for approximately 35%, 40%, and 25% of annual income, respectively.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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