Well Established Farm Resort & Caravan Park
About this business for saleWell Established Farm Resort & Caravan Park
This business is based on a property measuring six hectares and is situated 7 kilometres from Port Alfred, 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 comprises:
- Caravan Park
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.
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 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)
Accommodation income is from a total of 55 beds, in the above-mentioned Chalets and in Chalets owned by others.
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 sixteen 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 both businesses is R6,925,000 (excluding VAT, including Stock)
The Caravan Park only for R3,450,000 (excluding VAT, including Stock)
For more information on this unique opportunity please contact the listing Broker –
Neville Loader on: 071 327 5916.
+27 71 327 5916
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.