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Light Railway Holiday Service In Hayling Island For Sale

Hayling Island, Hampshire, UK
Asking Price:
£249,995 Furniture / Fixtures and Inventory / Stock included
Turnover:
£60,000
Net Profit:
£30,000

The opportunity
ETS Corporate are pleased to place this Light Railway onto the market.
The Railway was established in 1988 by the present owners and provides a service along Hayling Island Seafront.
Volunteers help to run the Railway which has a turnover of around £60,000 pa, with substantial assets including locomotives, carriages, track and an attractive new station / depot.
The Owners would consider an earn out or deferred payments for the business with a minimum of 50% of the purchase price payable on completion.

Location
The Railway runs for 1 mile between Eastoke and Beachlands.
It runs along an area of outstanding natural beauty with amazing views of the Solent and the Isle of Wight.

Business details
This lifestyle opportunity was established by the Owner’s in 1988. The business is owned by a husband and wife team and they are selling because they are looking to re-coup their investment to travel.

The business advertises its service in local newspapers and via the local Tourist Information Centre.

The unique selling points of the business are:

● Fabulous views of The Solent and Isle of Wight
● A lifestyle business entertaining customers on holiday.
● Business operated by an enthusiastic group of volunteers, who are committed to providing an enjoyable experience for both adults and children.
● Well-presented railway with substantial assets
● Unique, one off opportunity for enthusiast.

The sales strategy moving forward is:
• Event days organised for September 2019
• Santa Specials to operate November and December 2019

The business is operated by the Owner and his wife and local volunteers.

What are the major strengths of the business?
● Railway promoted as a good family day out.
● Very well-known business amongst the railway fraternity nationwide
● Strong links with the community by partaking in local charities and organising charity days.
● Attracts a loyal volunteer following

What opportunities are there for the business?
● Possibility to extend the line to the Ferry Boat Inn creating a possible link with Eastney Ferry
● Operating more frequent services and possibly some twilight services.
● Increase in social media presence

This business would ideally suit a railway enthusiast.

The Owners would consider an earn-out or deferred payments for the business.

Trading hours
The business is operational every weekend and Wednesdays throughout the year, and daily during Hampshire school holidays.

Financial details
The annual turnover has hovered between £55,000 - £60,000 with a profit of around £30,000. The assets are valued at around £220,000 including cash in bank, rolling stock, the building at Eastoke Corner and all tracks and points.

Tenure
The business is freehold, with a 7 year lease, recently renewed, which covers the ground along which the railway runs. This lease is with Havant Borough Council and will automatically be renewed every 7 years. The rental is £4,400 p.a. All buildings, track and rolling stock belong to the owners.

Ref: 13384
Price: ££249,995 including all assets

Disclaimer
These details do not constitute part of an offer or contract. The statements and descriptions given are made without warranties by Enthuse Transformations Ltd (Trading as ETS Corporate). The information contained herein has not been verified by Enthuse Transformations Ltd; complaints regarding the accuracy of the information contained herein will not be acknowledged. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations, figures and information given on behalf of the seller. Furthermore, any representations made by any representative of Enthuse Transformations Ltd regarding this business are subject to verification and should be independently corroborated.

Property Information

Property:

Freehold

Location:

The Railway runs for 1 mile between Eastoke and Beachlands.
It runs along an area of outstanding natural beauty with amazing views of the Solent and the Isle of Wight.

Premises Details:

The business freehold, with a 7 year lease, recently renewed, which covers the ground along which the railway runs. This lease is with Havant Borough Council and will automatically be renewed every 7 years. The rental is £4,400 p.a. All buildings, track and rolling stock belong to the owners.

Business Operation

Expansion Potential:

What opportunities are there for the business?

● Possibility to extend the line to the Ferry Boat Inn creating a possible link with Eastney Ferry
● Operating more frequent services and possibly some twilight services.
● Increase in social media presence

Competition / Market:

There no competition

Reasons for selling:

Retirement

Trading hours:

The business operational every weekend and Wednesdays throughout the year, and daily during Hampshire school holidays.

Employees:
0
Years established:
29

Other Information

Support & training:

The operation run by volunteers.

Financing available:

The Owners would consider an earn out or deferred payments for the business with a minimum of 50% of the purchase price payable on completion.

Inventory / Stock value:
£240,000 - included in the asking price

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