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Resilient Retirement/accommodation Business For Sale

Margate, KwaZulu - Natal, South Africa
Asking Price:
R8M - R15M
Sales Revenue:
R1.5M - R3M
Cash Flow:
R500K - R1.5M

An exciting opportunity to acquire an extremely resilient accommodation business with 80% permanently sited residential park homes owned by long standing tenants. This business generates a guaranteed profitable monthly income and is not exclusively reliant on seasonal revenue.
Situated in a secure and delightful setting on 54 820 m/2 of prime property on the KwaZulu-Natal Hibiscus Coast, approximately 1.4 km’s from the main beach and town, and within walking distance to the main shopping mall in the area.

The park is efficiently and effectively run on a compliment of 7 full time staff consisting of 2 reception staff who work a half day each, 2 housekeeping staff, 2 gardeners, 1 maintenance laborer and 1 maintenance manager.

The business is managed overall by the owner with minimal day to day input and enables a situation where the owner is not trading time for income. Business revenue is generated from a mix of permanently sited park homes (80%), camping sites (15%) and storage (5% caravan and boat storage) sites. There is potential to expand a certain portion or all of the camp sites & storage sites to accommodate more park homes to increase permanent tenant revenue.

Not many opportunities such as this come onto the market where 100% of the income can be proven and fully validated. Furthermore, income and sustainability of the business is not reliant on seasonal visitors and the business is profitable on the income from the permanent tenants alone. Seasonal revenue is a bonus and thus renders this business resilient to the impact of Covid-19.
The park has been in existence for over 50 years and is well sought after as both a holiday destination but more importantly as a retirement venue.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The buildings include a stunning large and modern double storey home which can either be utilised as large 6 bedroom guest house, or a single family home consisting of 6 bedrooms or two separate homes consisting of 3 bedrooms each, both with their own modern kitchens and bathrooms. The upstairs accommodation has 3 large bedrooms, two full modern bathrooms (1 en-suite), a fully equipped & modern open plan kitchen, large dining room & lounge which opens onto a wrap-around balcony with breath-taking views of the underlying valley. Downstairs consists of 1 large bedroom and 2 smaller bedrooms with a shared full bathroom. Both houses are connected to a backup water supply with 2 x 5000 Litre water tanks.

Location:

Situated in a secure and delightful setting on 54 820 m/2 of prime property on the KwaZulu-Natal Hibiscus Coast, (Lower South Coast) approximately 1.4 km’s from the main beach and town, and within walking distance to the main shopping mall in the area.

Premises Details:

The land and grounds are immaculately maintained and managed and are extremely secure.

The park is fully equipped with communal facilities including braai area and swimming pool, games room, 9 hole putt-putt, laundry, kitchen facilities, ablution facilities with showers and baths, large children’s playground with jungle gym, borehole, backup water storage plant with water tanks for the ablution facilities, etc.

There is a separate office and reception building and separate workshop and storage area.
The business reservation system as well as the billing and accounting systems are fully cloud based and accessible remotely from any device with a reliable internet connection.

Electric fencing connected to an armed response system encompasses the entire property as well as owner’s residence. CCTV monitoring also forms part of the security system as well as automated access control which is backed up by 24 hour armed response. All systems can be accessed and managed remotely.

Size in square feet:
54 820 m/2

Business Operation

Expansion Potential:

Opportunity for expansion exists to convert vacant stands to permanent sites generating additional monthly income by +/- 85% of current turn over. This is in progress with no cost other than advertising.

Reasons for selling:

Owner Retiring.

Trading hours:

08h00 - 20h00

Employees:
6
Years established:
> 30

Other Information

Support & training:

Willing to support and train for 2 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

50 % Deposit, terms to be discussed.

Website:
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Home based:
This business can be run from home.

Contact Seller

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