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Agent's details

Ashcombe Adventure Centre Ltd

For sale: POA|Leisure Property, Licensed & Leisure

Property details

FOR SALEPOA
ADDRESSAshcombe Adventure Centre Ltd, Ashcombe, Dawlish, EX7 0QD
TYPELeisure Property, Licensed & Leisure
TENUREFor Sale Freehold
POSTED ON27th September 2021

Description

Savills have been appointed by the owners of Ashcombe Adventure Centre Ltd to act on their behalf with regards to the sale of the business. The business currently trades within the grounds of the Ashcombe Estate. Ashcombe Adventure Centre Ltd are currently tenants of the Ashcombe Estate. The Ashcombe Estate has provisionally agreed to grant a new long-term tenancy for between 10-25 years (subject to break clauses and other flexible terms). Savills are appointed by the current tenant to sell the business, with a new lease being offered by separate negotiation.

THE BUSINESS
Ashcombe Adventure Centre has been developed and operated by the same family for over 20 years. The business offers a range of outdoor activities to include clay shooting, archery, assault courses and team challenges. The centre is open all year round and attracts a wide range of clients including corporate, stag/hen, 6th forms and families.

CLAY SHOOTING
Clay shooting is permitted all year round, 7 days a week with the facilities including a skeet range, double rise layout, 8 trap compact sporting, a bolting rabbit layout and a 110 bird sporting layout which is spread over 11 stands following a gravel path through the woods. In addition there is a 150ft high tower for game shooting. There is a Claymate system in operation throughout the site and 2 covered layouts (compact sporting & corporate). Ear defenders, snapcaps and other accessories available on site. Shooting lessons offered for the experienced shooter as well as complete beginners.

ARCHERY
Indoor and outdoor archery sessions are conducted throughout the site. Introductory archery sessions run for between 60 and 90 minutes.

ASSAULT COURSE
The ‘gladiator’ obstacle course incorporates a combination of poles, nets, tyres, walls, and water obstacles. Very popular as a team building event, which typically lasts for around 60 minutes.

TEAM CHALLENGES
These are set out as a circuit of practical, puzzle based activities, some of which include water. Each are team orientated and involve various forms of problem solving as well as physical skills. Each activity is designed so that a different skill or set of skills is required, ensuring the abilities of all team members is utilised. Sessions last for between 90 and 120 minutes.

FISHING
There are three generously sized, picturesque ponds on the site, the top two of which are currently used as coarse fishing ponds and are stocked with carp, roach and rudd. The third pond has historically been used for water based activities such as raft building.

PAINTBALLING
The business also offers a variety of game scenarios within a woodland setting, which features a ravine, tower, bunker and even a “crashed” plane in the trees.

THE BUSINESS
For the past two financial years ended 31st October, the business has generated a turnover of between £237,000 and £384,000, a gross profit of between £162,000 and £265,000 and an abridged profit (before depreciation, directors salary, bank charges and interest) of between £49,000 and £65,000.

EQUIPMENT
A full inventory of the equipment which is owned outright and included within the sale of the business is included in the online data room.

TENURE AND BASIS OF SALE
Savills are instructed to sell Ashcombe Adventure Centre Ltd. This includes all goodwill associated with the business along with all equipment owned by the business. This does not include the leasehold interest in the land on which the business currently operates. As stated above, the Ashcombe Estate have provisionally agreed to grant a new long-term tenancy for between 10-25 years (subject to break clauses and other flexible terms) by separate negotiation.

Location

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Location: Ashcombe Adventure Centre Ltd, Ashcombe, Dawlish, EX7 0QD

Dawlish (3.3 miles)

Dawlish Warren (4.0 miles)

Teignmouth (4.0 miles)

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