How long has the business been established?
This property is a private game reserve developed into 1 hectare stands with a Bush camp and tent accommodation. Income is generated from the sale of stands and rental of tent accommodation. This Property is a farm of 330 Hectare (stands) and 23 Hectare (tent camp). Property size In total = 353 Hectare.
How long has the owner had the business?
The owner has had the business for 10 years.
Fully describe this property and its income earning activities.
The 330-hectare private game reserve is nestled in the Waterberg mountain range, in Limpopo, on the outskirts of a fast developing Modimolle (Nylstroom) & Bela Bela (Warm baths). This tranquil nature retreat offers abundant game and bird life, breath-taking scenery, and beautiful nature walks. The game reserve offers the opportunity to purchase your own private and exclusive property. All 29 full title units are approximately 1 hectare in size. Many of the stands have amazing views over the Waterberg cliff. Income is generated with the sale of the 29 Stands and a monthly income with the rental of the bush camp accommodation. The property is 18km away from Bela Bela and 1.5 hoursâ drive from Gauteng. The bush camp offers 3 x three-bedroom, 2 x two-bedroom and 3 x one-bedroom tent accommodation.
What is the zoning of the property and what can be developed thereon?
Full Title deed including water and electricity. The 8 prime stands power from the neighboring Game farm. Eskom power delivery is 400KVA with transformer in place. Power has to be connected to the transformers.
Are there building plans available?
Yes, on request.
What is the erf size and the size of the buildings?
There are 29 stands at 1 Hectare each. The tent bush camp is 23 hectare in total. The total size of the range is 353 hectare.
Is a property valuation available?
How does the business operate on a daily basis?
The current owner lives near the property and manages daily.
How are the clients attracted to the business?
A website is used to market the ranch to buyers and clients. Word of mouth and good customer service attracts new clients and keeps existing clients.
What Advertising/Marketing is carried out?
Currently only the website.
Is the property being let by a letting agency?
No, the owner manages the accommodation reservations himself.
How did the Covid-19 pandemic impact the business turnover / daily operations?
Yes, travel and tourism was not permitted during the pandemic. There has been a steady increase in reservations.
Is the business VAT Registered?
What VAT documentation is on file?
Latest, will be supplied on request.
Are there up-to-date Management Accounts available?
On file are the Financials for year end February 2019.
What percentage of the business is cash/credit?
The business has a 90% EFT payment method.
How could the profitability of the business be improved?
The existing marketing plan can be revisited.
Is Seller finance available and for what amount?
Can be negotiated.
What is the monthly rates and taxes payable to local authority?
R12 919 Monthly.
What is the total staff complement?
The staff compliment is 4.
Are they on contract?
How involved is the Owner in running the business?
The owner runs the business on a daily basis.
Any special arrangements for the staff related to the Covid-19 pandemic?
They were paid via Ters.
What is the square meters of the business?
This Property is a farm of 330 Hectare (stands) and 23 Hectare (tent camp).
What are the main assets of the business?
This Property is a farm of 330 Hectare (stands) and 23 Hectare (tent camp). All stands have water and electricity. Estimated value of the stands are more than R300 000. The 23 hectare bush camps have 8 developed stands - 3 x 3 bedrooms , 2 x 2 bedrooms and 3 x 1 bedroom tents. (Self catering units) There is an incomplete house on the property.
Are any items not included in the sale?
Sold lock stock and barrel.
What is their overall condition?
Very well maintained.
How have they been valued ?
Which assets are on lease/HP and with whom?
Are they presently insured?
This private game ranch is fully developed. One hectare stand has full title deed. Municipality services are in place. The bush camp generates a profitable income.
Not that we can perceive.
A strategic marketing plan should generate a good/stable income.
What is the reason for the sale?
The owner would like to retire.
Why is this a good business?
A 330 hectare private game reserve with 29 hectare full title stands, that can be sold. If a stand is sold at R300 000 the profit would be = R8 700 000.00 Bush camp generates a good income with an annual profit of approximately R217 259.00
What is the price plus stock and the profit?
Purchase Price is R8 575 000.00 = Reserve and bush camp. Stock R300 000 per stand.
Why is this property a good investment?
The value of the total property is worth more than current sales value. The stands can be sold for more than R 300 000 per stand. The total business is worth more than R10 000 000.00.
What is the asking price?
R8 575 000.00.
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