Businesses For Sale > Business For Sale in Cleethorpes, South Humberside, DN35 , UNITED KINGDOM - UK (UK)

AC295 -Cleethorpes,South Humberside, DN35-Ł665,000 inc. Bistro-Cleethorpes Coast Light Railway For S for sale in Cleethorpes, South Humberside, DN35 , UK

Cleethorpes, South Humberside, DN35 , UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 665,000	£ 297,000	Undisclosed

Business Summary:
Cleethorpes Coast Light Railway For Sale Narrow Gauge Railway with Bistro, Pub, Shop & Museum Offered for sale Ref No: AC295 Location: Cleethorpes, South Humberside, DN35 Asking price: Ł665,000 inc. Bistro This is a unique opportunity to acquire the East of Englands last surviving steam seaside light railway that was built in 1948 and has susequently been extended twice to its current length, which totals circa 2.25 miles. This narrow gauge railway is one of the biggest tourist attractions in this seaside tourist town with over 120,000 passengers per annum happily spending time at its wonderfull facilities. The railway was council run till 1990 when the current owners took over the running of the line, they have invested heavily over the years to bring the line to its wonderfull current condition. The company prides itself on its exemplary safety record and provides a safe environment for holiday makers to enjoy a ride on an old fashioned piece of history. The track runs along the seaside calling at three stations. The main central station has added attractions including a tea room, one of the smallest pubs on the planet, a museum, a shop where you can buy model railways and souvenirs, a ticket office and a bistro which serves light meals and snacks, every day all year round from 8.30am – 4.30pm. There is an option to purchase the business excluding the Bistro.

Year Business was Established: 1948

Number of Employees: 06FT

Facilities / Terms of Lease: The business has three stations each with its own ticket office. The main central station has a tea room, one of the smallest pubs on the planet named “ The Signal Box”, and a museum housing engines not in service. There is a separate shed which houses up to 8 engines for vital maintenance and repairs. Across the road from the station is a shop selling model railways and souvenirs. The lease on the railway line and all of its building runs for 99 years and was granted in early 2010. The current rental is circa Ł7,500 per annum with rates of circa Ł3,000 per annum. The bistro is a separate detached building which has a 25 year lease with rental of Ł1,500 per annum. It has circa 24 seats and was re-furbished and opened in May 2010.

Potential Growth/Expansion: The company have recently re-furbished and opened a bistro which has seating for 24 covers. They are currently open every day from 8.30 – 4.30pm and sales are already exceeding expectations. The bistro is next door to a new events area and passing traffic to this area is increasing all the time helping to drive up the turnover.

Competition: N.A.

Owner willing to train: The owners would be happy to help with a smooth transfer of the business in any way possible

Reason for selling: The two partners have been working full time within the business for over 25 years and have decided they would like to sell the business and take life easier

Seller Reference Number: AC295
BusinessMart.com Listing Number: 86754

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For more info contact:

Andrew Hudson
Turner Butler
0044 1895 25 60

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