Articles and Insights
Copdock Hall in Suffolk
Copdock Hall is a stunning wedding venue, centred around an impressive Elizabethan barn. The previous owners had stopped taking wedding bookings and planned to sell as a residential property, so Xenia found it just in time to take over the business and continue with the work the previous owners had started.
“The Best of Both Worlds”
When Robert Hollingsbee was considering retiring from the wedding venue he’d built up with his daughters, he spoke to Xenia Venues about his options for High House Weddings. Here’s what happened, and how the award-winning High House became the first of Xenia’s venues.
Should you sell as a home, or a venue?
Many wedding venues have grown from hosting a wedding at home for a family member, to being a thriving business. When the time comes for you to move, it's hard to know whether the property's value is as a business, or as a family home, but that’s where Xenia Venues can help.
Why Neurodiversity has a Place in your Team
Embracing neurodivergent employees means recognising the unique skill sets and perspectives they bring to your team, then creating an inclusive and accommodating environment to enable them to shine, empowering every individual and supercharging your team.
How to Increase your Exit Value
In valuing a wedding venue there are certain elements that significantly boost the price you will achieve on exit. As these activities boost value to us too, both sides gain the most value from the transaction. So, if you are planning to exit in the next few years, read on to find out where you should you invest your time, money and energy now.
How to Value a Wedding Venue
Just as with other businesses, you can determine the value of a wedding venue by using a multiple of its EBITDA, which is a standard accounting calculation of the venue’s profitability. However, it’s likely that the value of the actual property will also be a significant factor.
When is the Right Time to Sell ?
Well informed business owners stay a step ahead by knowing all their options. Understanding the value of your business, and having a clear exit plan ready for the right moment, can make a big difference to both your tax efficiency and exit value. This article explores the options.
Hotel, AirBnB … or not quite sure?
Many wedding venues offer accommodation to wedding guests on an AirBnB basis, but regulations are set to change for short term accommodation not currently classed as C1 hotels, guest houses or B&B, for the benefit of local communities and for the safety of guests.
Developing a High Performance Team
This article on creating high performing teams in wedding and hospitality venues looks at 3 key principles; create a high trust, high honesty environment; aim for long-term decisions at the cost of short-term pain and understand the importance of one part attraction followed by three parts retention.
Preparing your wedding venue for sale
As most wedding venue owners sell quietly through word of mouth, the price they obtained for their venue and the process they followed tend to remain a closely guarded secret. This article provides a 5-step guide on preparing your wedding venue or boutique hotel for exit in a way that minimises disruption, obstacles and risk while maximising value, integrity and contentment.
Our ESG & CSR Policies
We recognise that our social, economic and environmental responsibilities that go beyond legal and regulatory requirements and this document sets out some of the ways that we are constantly striving to reduce environmental damage and increase our positive impact.