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Exclusive Backpackers Lodge In Cape Town CBD For Sale

Cape Town CBD, Western Cape, South Africa
Asking Price:
R750,000 Furniture / Fixtures included
Sales Revenue:
R730,000
Cash Flow:
R360,000

Overview - This is a niche market luxury backpacker’s style accommodation that caters for an endless flow of superyacht crew members who stay between 3-6 weeks at a time. The lodge is perfectly positioned in the heart of Cape Town.
The current owner lives on the property, but it’s not essential as everything has been set up so that a new owner has very little to do in terms of day-to-day operations.

Turnover - R730 000 pa
Net profit - R360 000 pa (Can be increased if owner doesn't live on premises.)
Asset value - R400 000
Years in Operation - 2
Staff - 2
Owners input - 1 – 2 times per week
Opportunities - Open to general public; live off site to generate more accommodation space; offer in house laundry service; list with online tourist operators
Current ROI - 48%

Property Information

Real Estate:

Lease

Leasehold Rent:

R360,000 per annum

Location:

Prime CBD

Business Operation

Reasons for selling:

Owner wants to pursue her other interests.

Employees:
2
Years established:
2

Other Information

Support & training:

Full handover by owner

Furniture / Fixtures value:
R400,000 - included in the asking price

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