Beech Farm is a complex of eight holiday cottages and market-leading family-friendly facilities (indoor heated pool, purpose-built playroom, petting animals, playground) in a popular tourist location in North Yorkshire.
Financially, the business averages £217k EBITDA from a net turnover of £400k. The sale price includes the business operations and the £1.75m assets on the balance sheet (primarily the buildings). The business currently carries debt of circa £610k which can be migrated to purchaser if required (if purchaser takes on this debt, this amount would come off the asking price). If further funding is required, there is the possibility for a proportion of the sale price to be deferred. Future revenue looks exceptionally positive with forward bookings stronger than ever.
The business is a recipient of multiple awards (including seven consecutive TripAdvisor Travellers' Choice Awards), and has a desirable track record of high occupancy, repeat business and sustained profitability. The current vendors incorporated a limited company which bought the property in 2017. Since then, the site has undergone significant refurbishment and investment. All cottages have been fully renovated, the facilities all modernised while still retaining the traditional character, and a purpose-built playroom (suitable for other uses) constructed. The company's national reputation continues on an upwards trajectory and Beech Farm is now firmly established as one of the country's leading self catering businesses for families.
Beech Farm is currently owner-operated (approx 20-40 hours per week in total depending on time of year). An additional member of staff can manage the majority of day-to-day operations and there are a number of casual cleaning staff who look after the changeovers. New owners could easily step back and run on a more hands-off basis, or reduce costs by taking on more work themselves.
Priced very realistically for a quick sale.
