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Annual turnover

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  • Mandate: 35097
  • Added: 02 Jan 2022
  • AFS
  • 362

Tourism Opportunity in East Africa

Other, SA Countrywide
362
Mandate 35097
Added 02 Jan 2022
$ 1,100,000* USD
Stock: $ 0
Assets: $ 653,800
$ 2,392 USD
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

This is an opportunity within East Africa to own a lodge inside an endangered specie reserve. The business serves local tourism, Expats and International tourist visiting the country, and offers guided trekking services. Prior to COVID lockdowns the reserve had several thousand visitors.

Tourism Opportunity in East Africa
SELLING PRICE AFS
$ 1,100,000* USD
Stock: $0
Assets: $653,800
$ 2,392 USD
Summary

This is an opportunity within East Africa to own a lodge inside an endangered specie reserve. The business serves local tourism, Expats and International tourist visiting the country, and offers guided trekking services. Prior to COVID lockdowns the reserve had several thousand visitors.

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The Opportunity
This is an opportunity within East Africa to own a lodge inside an endangered specie reserve. The business serves local tourism, Expats and International tourist visiting the country, and offers guided trekking services. Prior to COVID lockdowns the reserve had several thousand visitors.

How does the business operate on a daily basis?
The business is a lodge that caters for both local and international tourist on reserve in East Africa.

Are there up-to-date Management Accounts available?
Full audited accounts. All national taxes, local taxes, licenses, various insurances and monthly accounts are paid to date. The business during the period just before COVID generated $210,000 gross profits

How could the profitability of the business be improved?
The building of a more upmarket boutique lodge could lead to higher value tourists as well as associated services that could be offered for such tourists.

What is the total staff complement?
The lodge currently employs 12 staff (including the 2 expats) however when COVID settles/passes and tourism returns to normal the number of staff especially in housekeeping and front of house would have to increase.

Concession and Infrastructure
There is a 25 year concession with 15 years remaining, it is envisaged that a new concession would be negotiated. The Lodge can accommodate 20 adults, has a swimming pool, restaurant and bar, laundry services. kitchen, offices, staff accommodation and store rooms, including backup generators and its own water source and storage.

What are the main assets of the business?
Building and fixtures, Water Infrastructure, Furniture and Fittings, Electrical and Solar Equipment, Generators. Estimated value of $653k

Strengths?
The lodge is well used by expats over weekends/long weekend and school holidays throughout the year. The lodge is well known by tour operators and the business have built solid relations with them. The Lodge is highly rated on social media and review platforms such as Trip advisor.

What is the reason for the sale?
Family wishes to focus on their individual projects

Why is this a good business?
The business showed considerable growth prior to lockdown, with the returning tourism trade growth should be stable into future as the world adjusts to COVID

What is the price plus stock and the profit?
USD 1,1m that includes assets of $653k

Ideal Buyer Profile
Someone who has experience in the hospitality industry and has a good understanding of travel and tourism in general. A tour operator who wants to diversify and invest in his business, an owner of another or several other lodges/hotels in East Africa, or a business man looking for an ideal breakaway lodge/conference venue whilst generating a return. A philanthropist who would want to get involved with endangered species conservation would also be an ideal fit

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AGENCY DETAILS

Aldes Potchefstroom

1 members
43 mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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