BOATING LAKE, COFFEE SHOP, WATERSPORTS SALES, AND HIRE BUSINESS operating just behind FRONT LINE BEACH HUTS, offering a SEAFRONT POSITION and a CAPTIVE AUDIENCE located within the TOWN CENTRE of this NORTH ESSEX COASTAL TOWN.
Our client established the business in 2020 after seizing the opportunity to provide hiring services on the 100-year-old boating lake, including pedalos, kayaks, paddleboards, retail sales, and a coffee shop.
The company has MULTIPLE REVENUE STREAMS, COMPLETE EQUIPMENT, LOW OVERHEADS, and was launched into the market with a GENUINE REASON TO SELL.
We are advised the annual takings are circa £90,000 on reduced hours and seasonal opening, which achieves a high gross profit margin and offers HUGE scope to increase revenues further. Adjusted net profits exceed £39,000.
The premises are held on a SECURE LONG-TERM LEASE at a current rental of only £1,600 ANNUM exclusive and benefit from zero business rates payable.
Rarely does such a type of business come to the open market, so an early view is advised by sole agents ESSEX and SUFFOLK BUSINESS SALES.
