Pro-Soccer in Ayr is situated within the densely populated Whitletts area and lies only seconds drive from the A/M77 which, thereafter, provides a fast route to Glasgow and the core central belt of Scotland. Ayr, with a population in the region of 50,000 persons, is a densely populated town and is regarded as being the commercial centre for Ayrshire. The town lies close to Prestwick Airport and approximately 35 miles to the south west of Glasgow City Centre (approximate 40 minutes’ drive time).
The property is a purpose built five-a-side facility, which was fully refurbished in 2007. The principal accommodation is as follows:
Six five-a-side and one seven-a-side Fourth Generation covered football pitches bounded by attractive timber fencing, nets and quality artificial lighting.
Attractive purpose-built pavilion building comprising a reception area with reception desk and vending machines. Changing rooms, commercial kitchen, customer toilets and first-class bar / function suite for approximately 150 persons.
Large car park included within demise, with ample spaces for the building.
The premises are currently held on a long ground lease.
The lease is due to expire on 23rd October 2089. There is, therefore, approximately at least 70 years term remaining.
The current rental is a peppercorn rental at £900 per annum. This rental is subject to five yearly reviews, but only to RPI linked increases.
Recent sales to year end 2018 have fallen to approximately £220,000 net of VAT. However, this has been due to the owner operating the business under management. With a hands-on private owner, the business is capable of trading at a level of at least £300,000. After deduction of depreciation and director’s remuneration, and with the savings from management salaries by operating the business directly, the business is capable of generating an EBITDA in the region of £125,000.
There are no rates payable as the subjects are exempt from the valuation roll.
Our client has operated and developed the business over a number of years. The property is a purpose-built football centre, which has been regularly maintained and upgraded over the years. In particular, the pitches benefit from state of the art 4G surfaces, with quality boarding and artificial lighting, backed up by first class service buildings, which also provides a bar open to the public for drinks, food and functions. Our client has decided to sell the football centre to concentrate on other business interests. The business has been operated under management with no input from the current owner. There is no doubt the revenue will increase with private hands on management. Profits will also increase, as there will be savings in costs, and in particular, management salaries.
The asking price is offers in the region of £750,000. The sale will be on the basis of a company sale to include the business and the trade fixtures, fittings and equipment.
Designed & built by Mucky Puddle