Thu, 16 Jun 2011 | BUSINESS SALE
The Craythorne golf club, located in East Staffordshire, has been placed on the market for £1.15 million. The present owner Tony Wright is looking to his retirement, 16 years after securing the family business in an MBO deal.
“The Craythorne”, said Ben Allen of GVA Humberts, the instructed seller of the business, “operates as a pub/restaurant and is a locally renowned function, conference and weddings venue as well as a golf facility.”
The golf club, which Mr Allen says has much scope for growth and loyal membership, features an 18-hole golf course, a 13-bay floodlit golf range and practice facilities.
“The site has far-reaching views over the historic brewing town of Burton and the Staffordshire and Derbyshire countryside” Mr Allen said.
The income is 67 per cent food and drinks with the remaining 33 per cent attributed to membership, green fees and range income. The sale is expected to attract interest from the food and drinks industry, licensed trades, leisure business buyers and rival golf course operators.
Peach Leisure Limited, the owner company of the golf course, has not recorded a revenue figure for the past few years but did enter its total fixed assets of £1.27 million for the year to 31 January 2010.
Opportunity to acquire a high performing business and long leasehold property operating in the dental and medical sector within London. Offers by: 6 December 2024.
Opportunity to acquire the business and assets of a beverage retailer with stores across England. Offers by: 2 December 2024.
Opportunity to acquire a privately owned Company founded over 40 years ago, operating as one of the leading developers of exceptional residential homes in prime areas of London and Southern England. Offers by 5 December 2024.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.