Well Established Farm Resort & Caravan Park

Eastern Cape

R 6 925 000

Financial Information






Detailed financials available on request


This business is based on a property measuring six hectares and is situated 7 kilometres from a very popular Eastern Cape coastal town.

Established in 2002, the business is well known in the area, particularly during the peak holiday seasons. The business consist of: Luxury Caravan Park with 48 sites, each with has its own bathroom (toilet, bath, shower and wash basin). There is also a reception building, swimming pool, braai lapa, games lapa, trampoline and change rooms with toilets. The Resort offers the following: Farm House (600 SQM) and a Shed (96 SQM) Managers Residence, 3 bedroomed open plan house (229 SQM), garaging (85 SQM) , workshop (121 SQM) and an ablution/storeroom (44 SQM). Chalet 1 (162 SQM) Chalet 2 (140 SQM) Chalet 7 (165 SQM) Chalet 21 (268 SQM) is a double Chalet. Chalet 22 (262 SQM) is a double Chalet. Although part of the resort, the facilities below are no longer in operation and are presently leased to a school. However there is a three month cancelation clause and "an arrangement" with the school. 120-seater Restaurant (347 SQM). Banqueting hall accommodating 160 people (560 SQM) 100 seater private Chapel (94 SQM) Conference facility (160 SQM) 4 Offices Accommodation income is from a total of 80 beds, 40 in the above-mentioned Chalets and 40 in Chalets owned by other people. In addition, there is a laundry and Cleaning operation that services and earns an income from the owners/tenants of the Chalets. The owner, who started this business nearly thirteen years ago has decided to sell and retire. This creates a wonderful opportunity for the new buyer(s) to take advantage of numerous prospects, particularly to revive the once vibrant and profitable restaurant, wedding, banquet and conference facilities. The asking price for the business is R8,500,000 (excl VAT, including Stock)

Established

2002