Knysna 5 Star Wedding and Accomodation Venue

Industry Overview

Knysna, set in the heart of the Garden Route, is a firm favourite with both local and international tourists, with it's spectacular setting. This has made it a dream wedding and holiday destination. The high-end wedding demand has been strong over the last several years in the garden route and it has become the wedding destination for many couples, both from the large South African cities and UK and Europe.  

Location

The setting is one of a kind. Set on the Western side of Knysna on the road to Brenton on Sea. High on the hill overlooking the full Knsyna Estuary. This location allows for convenient access of the N2 and is a mere 10min drive into the heart of Knysna town.

Business Description

This luxurious yet comfortable Five-star Tuscan styled Villa overlooking the Knysna Estuary, Outeniqua mountain range, natural forests, and the town of Knysna is arguably one of the best wedding and function venues in the Garden Route. The Guest house and Venue is set on 50ha ground. The buildings are significant with over 4000sqm under roof.
The property is located on the road to Brenton and directly accessible of the Tar road. It’s location offers easy access to Knysna and is close to internationally known Simola & Puzula golf courses.
Villa Castollini is situated high up on the western head of the famous Knysna Heads. Perfectly positioned with north facing views over Knynsa and the lagoon and a mere 5 minutes’ drive to one of South Africa’s best beaches Brenton-on-Sea.
The Guest house and Wedding venue has been a highly successful operation for the last several years and become a highly sought after Wedding venue due to its incredible position and facilities on offer as well as the high level of service provided. Villa Castollini lives by the philosophy of “ Nothing is too much trouble”!
The property, buildings and business is being sold in one lot as a going concern. The property and business are owned in two different entities. Full financials are available to seriously interested buyers who would like to conduct a due diligence.
Other than the existing facilities on offer the opportunity exists to further expand the guest house facilities as most of the property is undeveloped.

Property offers the following:
• 10 Suites/bedrooms. These are spacious and superbly decorated suites. The bedrooms focus on comfort, elegance, and thoughtful touches with five-star amenities
• The Impressive Venue with six-metre-high ceilings, oversized chandeliers;
o seat up to 450 guests
• Wedding Chapel
• Swimming Pool
• Smaller rooms for private functions
• 2 bars
• Solar Panels to go completely off the grid
• Generator as back-up power
• Huge water reservoir
• 2 Separate manger living quarters
• Staff Accommodation
• Two kitchens
• Storage facilities
• Parking (covered and open)
A rare golden opportunity to capitalize on the next hot spot. If you're seeking a luxurious lifestyle in a premier location, this property is hard to beat.

Financial Summary

Full Financial details are available to seriously interested buyers. The business has been impacted by the covid pandemic and enforced lockdowns and travel restrictions. However the business is showing a recovery and has numerous weddings booked for 2022 and 2023.

Investment Rationale

The opportunity to expand the current Guest House exists. This will increase the number of rooms on offer.
One could also expand the venue offering to include boardroom and conference functions. The opportunities are endless. This growth will match well with the growth of the region and increase in demand for such services.

Customer Overview

The Customer base is both local and international tourists. The client base is mainly individuals and tour company's. This could be expanded to include business trips.

Transaction Information

The Sellers are selling the entire operation as a going concern. This will include all movable assets. The property and the business are owned in two different entities.