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Business Industry Icon 4 Star Resort In Marine Reserve
Countrywide, Country-wide   Brokered By: Greg King
Asking Price: R49,900,000.00 Sales Revenue: Undisclosed Cash Flow: Undisclosed


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Business Information

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Business Identifier

4 Star Resort in Marine Reserve

Reference

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Looking For

Buyer

Company Start Date

1991-01-01

Financial Year End

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Sector

Service

Industry

Hospitality

Business Description

Businesses4Sale Eastern Cape is thrilled to bring to the market for the first time in nearly 30 years this one of a kind 4 Star resort situated in the heart of the Tsitsikamma Marine Reserve. The positioning of the resort is outstanding with 180-degree views of the ocean and flanked by lush green pastures of the neighbouring dairy farms as well as the beautiful Tsitsikamma forests.
This award-winning resort has been in operation for close to 30 years and offers guests' luxury accommodation with stunning views.
The property is made up of several title deeds and is approximately 20 hectares in size. It is situated in the heart of the Tsitsikamma and borders onto the Tsitsikamma National Park.
The current existing resort is made up of 17 Lodges. This includes wooden chalets, luxury tented accommodation and well-appointed self-catering units. All lodges have outstanding views of either the sea or the lush Tsitsikamma forests.
The main public area is well appointed and offers a Bar, Lounge, Restaurant, Swimming Pool, Coffee Bar, Animal Sanctuary and Venue (suitable for weddings and corporate functions).
The resort is popular with international travellers who are moving along the garden route
The resort also offers several onsite activities; foot golf, mashie golf, Mountain bike trails, guided hiking trail, freshwater fishing.
In addition to the existing operational lodge, the property also has an approved authorization (Section 22 of the Environmental Management and Conservation Act) to further develop 81 Cabanas and 88 Room Hotel. The positioning of the hotel is incredibly unique for the area as it has 180-degree sea views as well as a view of the iconic Storms River Mouth.
The entire resort and land is being sold as a going concern with an Asking Price of R49,500,000 (Excl Stock and Vat). The property and business were valued in 2011 for R74,000,000. Thus at the current asking price, this is considered serious value for money.

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Franchise

No

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Current Status

None

Province

Country-wide

City

Countrywide

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Asking Price (R)

49,900,000.00

Annual Sales Revenue (R)

Undisclosed

Monthly Free Cash Flow (R)

Undisclosed

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Disclaimer: Quoted values for (Annual) Sales Revenue and (Monthly Free) Cash Flow may be approximate.

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