The Urban Beach in Bournemouth is currently owned and operated by the Urban Guild group, led by founder and Managing Director Mark Ian Cribb. The Urban Beach is a hotel and eatery, featuring a beach-side terrace and a contemporary glass-fronted restaurant with a balcony.
The Urban Guild Group and Mark Ian Cribb
The Urban Guild group is a hospitality company founded by Mark Ian Cribb, who serves as the Managing Director. The group owns and operates several properties in the Bournemouth area, including the Urban Beach.
Mark Ian Cribb has a background in the hospitality industry, having previously worked in various roles before founding the Urban Guild group. Under his leadership, the Urban Guild has grown to become a prominent player in the Bournemouth hospitality scene.
The Urban Beach Facility and Offerings
The Urban Beach is a multi-faceted establishment that includes the following:
- Hotel with 12 rooms, all with en-suite bathrooms
- Fully fitted kitchen
- Bar and restaurant area
- Beach-side terrace
- On-site parking
The restaurant can accommodate around 100 covers, and there is also staff accommodation with a small private courtyard. The business is currently listed for sale at £995,000, which includes the hotel, kitchen, bar, and restaurant facilities, as well as the on-site parking.
Financial Performance
According to the available financial information, the Urban Beach had a net turnover of £340,347 and earnings before interest, taxes, depreciation, and amortization (EBITDA) of £123,000 in the year-end 31 March 2021. However, it’s important to note that these figures were during the COVID-19 pandemic, which significantly impacted businesses worldwide.
Prior to the pandemic, in the year-end March 2019, the Urban Beach had a profit of around £868,000, with an EBITDA of £204,000. This suggests that the business was performing well before the pandemic and has the potential to recover and thrive once the economic conditions improve.
The Urban Beach’s Reputation and Accolades
The Urban Beach has established a reputation as a popular destination for both locals and visitors to Bournemouth. The establishment has received positive reviews and recognition for its offerings, including:
- Featured in the Bournemouth Echo as a “hip Dorset restaurant”
- Praised for its contemporary glass-fronted restaurant and beach-side terrace
- Recognized for its high-quality food and service
The Urban Beach’s reputation and accolades have contributed to its popularity and success within the Bournemouth hospitality scene.
The Urban Beach’s Future and Potential Sale
As mentioned earlier, the Urban Beach is currently listed for sale at £995,000. This presents an opportunity for potential buyers to acquire a well-established and reputable hospitality business in a prime location.
The sale of the Urban Beach could signify a change in ownership and management, potentially bringing new ideas and strategies to the establishment. However, it remains to be seen how any potential new owners would maintain or build upon the Urban Beach’s existing reputation and success.
Conclusion
The Urban Beach in Bournemouth is currently owned and operated by the Urban Guild group, led by founder and Managing Director Mark Ian Cribb. The establishment offers a range of hospitality services, including a hotel, restaurant, and beach-side terrace, and has established a positive reputation within the Bournemouth community.
While the Urban Beach’s financial performance was impacted by the COVID-19 pandemic, the business has demonstrated its potential for success in the past. The current listing for sale at £995,000 presents an opportunity for potential buyers to acquire a well-established and reputable hospitality business in a prime location.
References:
– Shepherd Neame Acquires Bournemouth Bar
– Urban Beach Company Information
– Urban Beach to be Sold Within Weeks
– Urban Garden – Urban Beach
– Hip Dorset Restaurant Urban Beach