Published:
June 16, 2018
Brean holiday park's sale price is reduced by owners to £895,000

A Brean beach holiday park which has put up for sale has been reduced in price to £895,000 this week, providing a rare chance to buy a tourism business in the village.

Specialist business property firm Christie & Co has been instructed to sell Lazy Days Holiday Park in the village.

Situated on over one acre of grounds next to Brean beach, the property includes its own pub, which operates year round, and 15 six-berth static caravans for let, which are operational for most of the year.

In addition to a large beer garden seating 150 covers, the property includes the Ocean Waves cafe, which is independently operated under a one-year rolling lease.

The site also includes the Ocean Waves Café which is independently operated under a one year rolling lease, generating an additional annual rental income.

The Ocean Bar operates year round, currently trading purely on wet sales with 600 barrels per annum, and has the unique advantage of being the only pub in the area with a beer garden that leads directly onto the beach, offering an ideal spot for patrons to enjoy the panoramic sea views.

Owner’s accommodation is also provided on the first floor of the Ocean Bar, consisting of a one-bedroom self contained flat with a separate entrance and a roof terrace which benefits from stunning coastal views.

With trade for Lazy Days thriving between Easter and October on a high proportion of repeat visitors, the profitable business also maintains healthy local trade with the Ocean Bar during the winter.

The current owners, Brian and Valerie Kear, acquired Lazy Days in 1998, after Mr Kear stumbled across the property in search of gas for his caravan.

After nearly 20 years in the business, they are now looking to retire and hope that a new owner will enjoy running the business in the same vein.

Nicholas Calfe, Director at Christie & Co’s Bristol office, who is handling the sale, said: "The price reduction to this highly profitable business presents an ideal opportunity for either an investor to operate under management or a family to run hands on during the most active months of the year, providing the rewards and time off in the winter months to enjoy a lifestyle abroad in the sun. The high barrelage of 600 brewery barrels a year also generates additional income adding to the attractiveness of this business to a variety of buyers. Due to the strong trading accounts, funding is likely to be available for the purchase."

Christie & Co is now seeking the new asking price of £895,000 for the freehold interest of Lazy Days Holiday Park.

 


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