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Garden Route Holiday Property Rental Business 40 Years For Sale

Northern Cape, South Africa
Asking Price:
R4,500,000 Furniture / Fixtures included
Sales Revenue:
R4,062,272
Cash Flow:
R1,600,000

This well-known holiday town is selling one of its oldest and well-known holiday property rental businesses.

Own this excellent, management-run business today with more than 120 units on its books.

A recurring management fee plus booking fees create a stable income during the year.

******* Please note that this is a Package deal - The Business is for sale AND the Property in which it operates is for Sale for an additional R 11 mil - more on the Property below *********

Property Information

Real Estate:

Lease

Lease Terms:

No fixed lease in place.

Location:

Plettenberg Bay

Premises Details:

This business is located in a Building with 2 other tenants and a Holiday Rental Flat.

The Tenants ( plus this business ) pays a rental to the Landlord who also owns this business.

The Holiday flat is being rented out to a one of the properties on their books and the Landlord is receiving this an income from this AirBNB property

Business Operation

Management type:
This business has absentee ownership.
Reasons for selling:

The owner is downscaling his business ventures

Employees:
12
Years established:
40

Other Information

Furniture / Fixtures value:
R200,000 - included in the asking price