Business for sale in United Kingdom – Lincolnshire – County of Lincolnshire – Co145-freehold 9 hole golf course (with 18 tees)-lincolnshire

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Business for sale in United Kingdom - Co145-freehold 9 hole golf course (with 18 tees)-lincolnshire

Asking Price: 975,000 £ Real Estate: Ownership
Sales Revenue: 135,000 £
Net Profit: 45,000 £
Year Established: 2000
Employees: 2FT, 1PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/County of Lincolnshire/Lincolnshire

Business types:

Arts, entertainment & Recreation

Business categories:

Golf Courses

Business description

this superb 9 hole, parkland, golf course has 18 different tees and is rated as an ‘18 hole course’ due to the very differing approaches on the back tees. Measuring at circa 6345 yards and par 72 it is by no means a short course and offers a variety of challenges for members and visitors alike. Being built to uspga standards the greens ensure a good quality of play all year round. The tree planting and other work carried out on the course over the last five years has resulted in a superb layout that will mature nicely over the coming years. The recently built clubhouse is a real ‘signature’ of this golf course. It comprises a total of circa 4000 square feet and it produces a very favourable and inspiring impression as you approach the golf club. It is something the members are rightly proud of. Comprising of bar / lounge, conservatory / dining room, commercial fully fitted kitchen, ladies & gents changing rooms / showers & lockers with the upstairs being taken with a very large 3 / 4 bedroom apartment with large lounge looking across the golf course. The apartment is currently used by the owner’s family but was designed so that the internal walls could be removed (without the need to make structural changes) to make an enormous open space for functions etc. In addition to the core-business of ‘golf’, the business has developed as a ‘function venue’ for weddings, birthdays, anniversaries etc. There is tremendous scope to further increase this business as there are very few venues in the locality that offer such appealing features and outlook. No advertising has been conducted with all bookings coming from ‘word of mouth’. Utilising an externally hired marquee, functions of up to 300 people can be readily accommodated, whilst the clubhouse alone can accommodate functions for up to 100 people. Sunday lunches are extremely popular, with most sundays being fully booked – there is opportunity to increase this as currently only one sitting is offered. An additional income stream to the business is the caravan site. Planning permission has been granted for the 12 static caravans with permission to occupy 11 months of the year. Currently the infrastructure (roadway and parking areas) and concrete bases are in place for 6 of the 12. Sewage, water and electricity are in place to each of the 6 bases. This is a new venture and has yet to have an impact on the golf course income. It is a golden opportunity for the new owner to develop this – caravans can be sold outright (with a commission from the caravan manufacturers) and an annual ground rent taken, or, caravans can be rented out on a weekly basis. A typical rent in high season can be as much as £1000 per week. Discussions are currently being held with the planning department of the council to gauge their views on adding a further 30 static caravans. There is a ‘green-keepers shed’ / workshop of approximately 700 square feet, which houses the course machinery (which is also included in the sale). The turnover of the business is almost evenly split between membership fees, visitors green fees, bar/wet sales and restaurant. The business is for sale due to retirement. Equipment a full suite of course maintenance equipment is included in the sale: • toro greens mower • toro tees’s mower • john deere fairways mower • john deere rough cutter • ransomes ride-on ‘spiker’ • kubota tractor • john deere tractor • 3 tonne ‘mini-digger’ various trailers, various tractor mounted implements (including, top-dresser, flail hedge/ditch cutter, grass ‘topper’), numerous small tools (strimmers, pedestrian sprayer, knapsack-sprayers etc) the commercial kitchen is fully equipped with fridges, freezers, hot-box, hot-lamps, gas cooker, microwaves, cutlery & crockery and everything needed to support a busy restaurant.

Additional information

Additional information: Not Disclosed
Support & training: The vendors will provide full business familiarisation and training to enable a smooth transfer of ownership.
Reasons for selling: Having spent the last 6 years developing and growing the business, the owners are now looking for a change in family lifestyle (true retirement)
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: Not Disclosed

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