The long term owner of Bridlington Football Club has put the club on the Market.
The club and it's ground have been listed for sale on the rightbiz website.
No asking price has been set for the club.
The listing describes the business as an "East Yorkshire Semi Pro Football club Northern Premier League Division One" and lists the features of the business as including:
- 2800 capacity stadium
- Bar with function room
- Car park
- Hospitality box
- Excellent community team
The sale listing says:
"Founded in 1918, just after the First World War, the club has the local community at its heart.
This is a well run club which has an average net turnover in the region of £175,000 and breaks even. However, there is excellent potential to push the business forward by promoting it as a function and private hire venue.
The current chairman has operated the club for around 20 years and has now decided to take a step back, having turned the club’s finances around and secured FA grants for new changing and medical rooms.
With local sponsorship deals, a hospitality box and private functions, the club is a great success story and needs someone at the helm to take it to the next level. "
Current Chairman, Peter Smurthwaite, purchased the club back in 2004 at a time when the club had around £130k of debt which he has cleared during his ownership.
The listing goes on to state that offers are now being accepted for the club stating:
"LEASEHOLD "OFFERS INVITED" to include goodwill and fixtures and fittings. Stock at valuation in addition.
The Property is held on a full repairing and insuring lease from the local authority with approximately 18 years remaining. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent £5,000 per annum paid quarterly in advance, subject to annual rent reviews. "
There are more details at https://www.rightbiz.co.uk/buy_business/for_sale/605795_east_riding_of_yorkshire.html
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