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Annual turnover

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  • Mandate: 31422
  • Added: 26 Sep 2017
  • 951

Lodge & Camp Site

Western Cape, West Coast
951
Mandate 31422
Added 26 Sep 2017
R 3,000,000* ZAR
Stock: R 0
Assets: R 3,000,000
R 4,040 ZAR
Richard Jones
Aldes Atlantic
Western Cape
Western Cape
Summary

Accommodation Lodge and camp site with a versatile mix of sleep over options.

Lodge & Camp Site
SELLING PRICE
R 3,000,000* ZAR
Stock: R0
Assets: R3,000,000
R 4,040 ZAR
Summary

Accommodation Lodge and camp site with a versatile mix of sleep over options.

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please supply us with your details below

Fully describe the business's activities?
This lodge and camping site is located in the hamlet of Nuwerus and offers a reputable value for money accommodation facility catering for a versatile range of markets

How long has the business been established?
Originally Established in 2007

How long has the owner had the business?
Current owners purchased and refurbished in 2013

How does the business operate on a daily basis?
Operated hands on living on site by the owner / operators

How are the clients attracted to the business?
Through various marketing campaigns fully described in Marketing section but additionally as a transient locale between Cape Town and Namibia it is ideally located for tourists and business travelers on the extended N7 route

What Advertising/Marketing is carried out?
Besides having their own website and Facebook page the current owners promote via 3rd party portals including, but not limited to, AirBnB, bookings.com, Trip Advisor, Go Magazine, Safarinow.com, Lekkerslaap.co.za, SA-venues.com, RoomsforAfrica.co.za, Namaquawestcoast.com, Travelground.com, sleepingout.co.za, cearbergexperience.co.za

Does the business have any contract work?
No Contract work but due to there being no competitive accommodation facilities within the direct vicinity annual return of botanists and flower seekers to the Namaqualand are a consistent source of business over this period

What competition exists?
Only one other accommodation facility is a self catering facility with 1-2 rooms only ! the nearest options / competition exist 67km due south.

What are the seasonal trends?
Nuwerus is situated within the Hardeveld botanical region adjacent to the Knerksvlakte Nature reserve which is famed for its spring wild flower season, so the lodge enjoys an addition boost just out side the seasonality of the Cape Region over traditional winter low and summer highs.

Is the business VAT Registered?
No

What VAT documentation is on file?
N/A

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Both in Mandate information files on request

What percentage of the business is cash/credit?
Pre -payments / EFT payments on departure / COD on arrival ... Credit on application and approval only

What is the age analysis of the debtors book?
N/A

How could the profitability of the business be improved?
Clearer Signage of Accommodation offering and aggressive interaction with the specialized tour and travel operators who focus on this region. Working with referrals from other B&B facilities within surrounding area. Offer more Food selection and open and operate a Bar area upon receipt of approved Liquor License

Is Seller finance available and for what amount?
No

What is the total staff complement?
2

Give a breakdown of staff/ functions/ length of service?
Cleaning / Cooking / Ironing / R&M and general grounds work -- since inception 4 years ago

Do any receive special perks or incentives?
Meals of Breakfast / Lunch and UIF contributions

Are they on contract?
2 staff on casual contracts working 3 days per week from 08h00 to 16h00 or more if required

Do any have management potential?
No

How involved is the Owner in running the business?
100% hands on and li on premises

When does the current lease end?
N/A

Is there an option of renewal & what period?
N/A

What is the annual escalation %?
N/A

What are the trading hours?
24 /7 or at owners discretion at all times ---

What is the square meters of the business?
Lot 250 3582 m2 Lot 49 1487 m2

Is a copy of the lease available?
N/A

Do you require a licence?
No license required . the business is in the process of acquiring a Liquor License of which the application has already been submitted and awaiting approval.

What lease deposit and/or other surety is required?
N/A

What are the main assets of the business?
Accommodation Facilities , service areas and camping open grounds

Are any items not included in the sale?
Full inventory of ALL the operational Assets are on file

What is their overall condition?
Good

Do any require repairing?
No

How have they been valued ?
From purchaSE DEPRECIATED via B/S

Which assets are on lease/HP and with whom?
None

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Are they presently insured?
yes

Strengths?
The lodge has bee substantially refurbished, rooms are well equipped , affordable rates , surface level pool, ideal for hikers , trailblazers on bikes, transient leisure and business travelers traversing the N7, no crime, goodwill repeat client base

Weaknesses?
None are noted other than location which would be better suited to a buyer looking for a complete change of pace and lifestyle

Opportunities?
The opportunity exists to acquire two properties and grow the overall business model by increasing room capacity, offering road side eatery and bar facilities and driving exposure by working with botanist associations and competitor set facilities.

Threats?
Location is remote and not suitable for everyone

What is the reason for the sale?
Relocating

Why is this a good business?
Business shows consistent growth in revenues and new owner can enjoy benefits derived from running own business and having security in appreciating value of land and property with a fantastic quality of country life style and excitement of meeting new people each and every day.

What is the price plus stock and the net profit?
R3,1m

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FRANCHISE DETAILS

Aldes Atlantic

6 members
39 active mandates
Western Cape
33 Montague Drive
7441

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