With holiday parks one of the few UK businesses to do fairly well last summer, and with bookings looking good for this year, there has been a lot of interest in the parks themselves from investors.
As a case in point, Caistor Lakes, an award-winning holiday park near Grimsby in the Lincolnshire Wolds, has recently been sold to Sheffield-based investment company Evogo Group, for £1.9m. The £1m turnover, seven-acre leisure park includes five holiday lodges, pitches for 28 caravans, a 110-cover restaurant and three fishing lakes, along with planning consent for the development of a further 10 lodges.
The site was sold by commercial property estate agent Ernest Wilson, with Michael Peel, sales manager at Ernest Wilson, explaining: ‘We are really pleased to have completed the sale of Caistor Lakes. For Mr Thompson, this was an excellent time to sell the tourism business that he had worked so hard to build up. With British holidays looking like the most likely option for all of us this summer and, with further lodges in the pipeline, Caistor Lakes is a very strong business.’
He added: ‘Despite the pandemic, we are seeing the demand for businesses that are up for sale vastly outstripping supply. Many business owners feel that the current economic uncertainty means that this is not a good time to sell, whereas in fact there is huge demand out there.’