turner-butler

Businesses are featured on

Businesses for Sale

Weddings & Events/Rural Retreat Business Incorporating Stunning Freehold Country Mansion House in 15 acres

Ref. CQ215

Location : near St Andrews, Fife, Scotland

Asking Price : OIRO £1,950,000

Turnover : £194,000

Net Profit : Undeclared

Gross Profit : £119,000

EBITDA : £40,000

Net Asset : Undeclared

Premises : Freehold

Confidentially offered for sale


  • Turner Butler

Next Step, Please submit Confidentiality Form/NDA Online 

Submit NDA Online
Submit NDA Offline
Print this page

Introduction:

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.

Business Profile

There are currently 2 main strands to the business, weddings and events with the addition of exclusive lettings now refurbishment is complete.

Key strengths:

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.

Financial performance:

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.

Next steps:

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 finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk