Freehold marina for sale in Leeds West Yorkshire on the Leeds Liverpool Canal with moorings available
Leeds, West Yorkshire
- Status
SOLD
- Advert ID
639721
- Freehold: £850,000 (Stock at valuation)
- Turnover: £85,000 (£1,635 per week)
- Profit: On request
Key Features
- Accounts Available
- With Car Park
- Established Business
- Retirement Sale
Business Details
Freehold Marina Leeds Liverpool Canal
Freehold Marina on the Leeds Liverpool Canal
Nestled alongside the picturesque Leeds Liverpool Canal, Freehold Marina offers offline moorings in a tranquil environment yet conveniently close to Leeds City centre. This marina has over 1000ft of moorings catering to various types of boats, making it an attractive destination for boating enthusiasts.
The marina is enhanced by well-maintained green spaces, creating a serene atmosphere for visitors and residents alike.
About the Business
Established for 30 years, this marina has been owned by its current proprietors since 2001. Located just 2 miles from Leeds City Centre, it benefits from proximity to various amenities, including shops and restaurants that draw in customers. Cardigan Fields Leisure Park is a short walk away.
The demand for moorings is high due to a shortage in the area, ensuring that the marina is always full, with a waiting list for mooring vacancies. The current turnover has been deliberately kept below the VAT threshold at £85,000, however there is significant potential to substantially increase it further. No fees are payable to the Canal and River Trust for the connection to the canal system.
The decision to sell stems from the owners' impending retirement, offering a new owner an excellent opportunity to take over a well-established and thriving business, with plenty of scope to expand the business.
There is a log cabin office on site which can be used for accommodation plus a large 18m x11m portal frame workshop/boatbuilding shed. CCTV system installed and remote controlled gate entry system. Previous lapsed planning permission to be build a house, cafe and chandlery.
Financial Information
The freehold price for the marina is offers over £850,000, and accounts are available for review to parties with a genuine serious interest to buy.
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This business has now been sold. We are currently awaiting final confirmation from the seller or their agent. Please check back soon for updates.
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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.
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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.
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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.
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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.
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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.
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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.'.
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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.
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