Tue, 11 May 2021 | COMMERCIAL PROPERTY
The owners of North Coast tourist attraction Barry's Amusements have issued a statement revealing their plans to sell the business.
The Trufelli family, who own and run the site in Portrush, have stated that they intend to put the business back on the market as a result of economic conditions beginning to stabilise after the pandemic.
Savills and Philip Tweedie & Company have been appointed to market the attraction as both a going concern and as an opportunity for development. However, they added that they are concerned they may be unable to find a "suitable purchaser".
"Whilst our hope is that we will be able to sell the business as a going concern, we recognise that it may not be possible to find a suitable purchaser," they said.
The business was originally put on the market in October 2019, but the family stated that the "intense process" had been hindered by the COVID-19 pandemic and the economic problems that had resulted from lockdown.
The family has also confirmed that it has no plans to continue running the site until it has secured a buyer. "Whilst our hope is that we will be able to sell the business as a going concern, we recognise that it may not be possible to find a suitable purchaser," they added.
Barry's Amusements was founded in Portrush nearly 100 years ago and has been described by the estate agents as an "excellent opportunity" for a buyer wishing to develop the mixed-use scheme.
Listed at £2.75 million, the attraction has also been advertised as being the “last remaining seafront development site in Portrush”, with the potential to be transformed into a new business within the "residential, hotel & leisure and recreation" industries.
One of the best ways to find properties below market price is to look at recent administrations.
Offering marquee hire from small to large this business services mainly the events industry, its own smaller marquee competitors and occasional work directly with individuals. They can support parties and weddings through to corporate dinners, festiv...
LEASEHOLD
Offering high quality marquees with a wide range of sizes. This offers a huge amount of flexibility which allows the company to cater for whatever customers require, from a small marquee in the back garden, to a marquee village, or perhaps catering f...
LEASEHOLD
Specialises in the provision of friendly and professional swimming classes for babies, toddlers and young children. Currently offers its services to circa 1,600 active clients, 90% of whom provide reliable, repeat business.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.