UNDER OFFER
29/01/24
605795
94414 / Rightbiz
2800 capacity stadium
Bar with function room
Car park
Hospitality box
Excellent community team
Bridlington Town FC is at the heart of the town’s community. Bridlington is approximately 40 miles east of York and 27 miles north of Hull. This picturesque seaside town in East Yorkshire is a popular tourist destination all year round and a growing, full time residential area for those working in and around the North and East Yorkshire regions. The club itself is situated in Dukes Park, a council owned sports facility.
The local area is undergoing vast amounts of residential and holiday development, making Bridlington an excellent location for a hospitality business.
The club occupies a very well maintained stadium. There is a detached, licensed bar with a function room and multi screen TVs, and a large terrace looking onto the stadium.
The Stadium
With a capacity of 2800 and in line with FA specifications for a club at this level. There is also a hospitality box, press box, medical facility and changing rooms.
The Clubhouse/Bar
An excellent facility with bags of potential and presented in excellent condition. With seating for in excess of 100 people, separate function room and well equipped commercial kitchen. The bar can be utilised as a private hire venue for a range of events, including weddings and birthdays. Leading out from the clubhouse is a large terrace with pub benches and an excellent view of the pitch.
Founded in 1918, just after the First World War, the club has the local community at its heart. This is a well run club which has an average net turnover in the region of £175,000 and breaks even. However, there is excellent potential to push the business forward by promoting it as a function and private hire venue. The current chairman has operated the club for around 20 years and has now decided to take a step back, having turned the club’s finances around and secured FA grants for new changing and medical rooms. With local sponsorship deals, a hospitality box and private functions, the club is a great success story and needs someone at the helm to take it to the next level.
LEASEHOLD "OFFERS INVITED" to include goodwill and fixtures and fittings. Stock at valuation in addition.
The Property is held on a full repairing and insuring lease from the local authority with approximately 18 years remaining. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent £5,000 per annum paid quarterly in advance, subject to annual rent reviews.
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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