Weddings & Events/Rural Retreat Business Incorporating Stunning Freehold Country Mansion House in 15 acres
Location : near St Andrews, Fife, Scotland
Asking Price : OIRO £1,950,000
Turner Butler has been appointed to invite offers of purchase of this recently refurbished mansion house incorporating a fully functional Weddings & Events business with multiple revenues streams and huge potential.
• Freehold circa £1.8Million
• Current Turnover circa £140,000 p.a.
• Gross Profits circa £60,000 p.a.
• Ongoing /Future Bookings up to 2 years in advance
• Very attractive EBITDA figures moving forwards-Year 3 Projections EBITDA circa £300,000 p.a.
There are currently 2 main strands to the business, weddings and events with the addition of exclusive lettings now refurbishment is complete.
Exclusive/Unique – There are few other properties that provide this exclusive and unique environment, and which have the flexibility to work with weddings, corporates and holiday lets.
Amenities – The house and supplementary accommodation (inc. stables) is a substantial asset in its own right and is finished to a very high standard (over £1mIllion spent on refurbishment). Planned expansion potential, new facilities completed 2019, sales and marketing carried out and top rating achieved.
Location – very convenient for Edinburgh, Fife, St Andrews and Dundee, whilst still retaining rural environment
Significant opportunities for further development of the site to generate new revenues streams.
5 Star reviews on key portals inc. Trip Advisor, Google etc.
The weddings/events business is still very much in its infancy but is already posting impressive figures showing excellent growth as the venue’s reputation is being built. Turnover for the current year is circa £140,000. The vendors have carried out detailed and comprehensive research into the industries it serves and built a business model to effectively service this. With this in mind it has formulated the following detailed forecasts based on which, whilst conservative, illustrate the profitability of the business moving forwards.
Weddings p.a. Turnover Gross Profit EBITDA**
5(2019) £194,000 £119,000 £40,000
12 (2020) £294,000 £199,000 £120,000
25(2021) £453,000 £289,000 £146,000
45 (2022) £726,000 £447,000 £291,000
*There are circa 300,000 weddings a year in UK (c30,000 in Scotland alone over 50% of which are for none residents, hence accommodation and wedding venues are at a premium).
**Projected EBITDA figures based on management company running the business and having already factored in its own profit margins into the costings. These figures are purely for weddings and do not take into account additional revenues for exclusive lettings and events.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
Looking for finance ?
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at [email protected]
- Attractive Business
- Company for Sale
- Established Business