Peaceful, Luxury Camp Experience For Sale near Lake and Conservation Area, Tanzania.

The property is designed as a Luxury Camp which proves to be the most popular proposition for a growing sector of the market where clients want to experience staying in such a facility while on safari.

Info on the asset:

11.5 acres of land with a river at the bottom (under 6 acres currently utilised).
Long lease (99 years) with due approval and paperwork.
Planning permission in place for 30 rooms.

About the property - constructed space:

● 15 guest rooms - each 48 sq m of floor space.
● All en-suite, triple roofs (i.e. ripstop canvas, PVC, shade netting).
● One main building (restaurant, massage room, office, reception, kitchen, store room, ladies/gents WC).
● One laundry room with a housekeeping store.
● 2-bedroom house for manager (approx 100 sq m).
● Staff quarters sufficient for 30 members.
● Drivers accommodation sufficient for 16 drivers.
● 2 double-storey buildings for future staff accommodation.

About the property - infrastructure:

● Reserve water tanks (approx 50,000 litres).
● Electricity from the national grid, backup generator and solar.
● Very strong WiFi coverage.
● Car parking sufficient for 20+ cars.
● High-quality materials used - Canvas materials from South Africa; best quality metal pipes used; the strong ratio of cement and bricks; top quality wood furniture; modern, high-quality sanitary ware used, premium quality mattresses, bedding and linen (ex UK); high-quality crockery and cutlery (ex UK).

Info on the location:

Tanzania is one of the safest countries in Africa known for its wildlife, beaches and mountains.
The inbound travel sector is growing fast (currently at 1.5m annual visitors).
Government is very pro-business and pro-private sector growth.
Tourism is considered to be a sensitive area with more than 25% of the country under conservation and therefore well protected.

Info on the current owner:

Living and doing business in Tanzania since 1920s (over 100 years combined experience).
Background in building materials, hardware and sanitary ware distribution.
Owning and operating a sister property, Bristol Cottages, successfully for over 22 years.
Looking to expand and grow in the Hospitality sector.

Details of business - Rates:

Corporate rates: USD 220.00 per night for a double room on Full Board basis.
Rack rates: USD 253.00 per night (15% higher than corporate rates).
Booking.com and Expedia rates can be as high as USD 360.00.

Details of business - Costing:

● Meals - For all 3 meals (breakfast, packed lunch, dinner) per person USD 15.00.
● Fixed costs per month (i.e land rent, property tax) USD 250.00.
● Fixed Salaries per month (based on 7 full-time staff) USD 900.00.
● Variable Salaries per month (additional 9 members in high and shoulder season) USD 600.00.
● Licences and Insurance per month (can be reduced/increased depending on the level of insurance cover you are comfortable with) USD 300.00.

On 50% Occupancy USD 104,925 Per year

Ancillary sources of income:

● Drinks
● Laundry
● Activities and Day excursions
● Yoga retreats, MICE
● Massages + wellness
● Farming of Teak wood or Macadamia nuts
● Option to add additional rooms with minimal cost (family rooms and super luxury rooms with private bath tubs)

Existing business partners:

● National Geographic Journeys.
● G Adventures.
● Intrepid.
● Sunsara (from Poland).
● Jay’s Adventure (from South Korea).
● Booking.com, Expedia.
● Several others...

On 50% occupancy - Total Potential Income: US$ 300,000 - 602,250 Per year.

Financial Performance Indicators:

Ancillary Income - Total Potential Income: US$ 300,000 Per year.
On 50% occupancy - Total Potential Income: US$ 602,250 Per year.
Total potential Income US$ 902,250 Per year.
USD 104,925 Per year.
Net Potential Income US$ 797,325 Per year.
ROI - 50% occupancy 2 years.

The “way” business is done in Tanzania:

● Clean Title Deed with proper paperwork.
● Excellent relations with neighbours (often the first points of contact in crises).
● Land acquisition is generally the biggest cost because of the red tape and protection of villagers and citizens.
● Due diligence in legality of land owners before purchase of land conducted thoroughly.
● Business permits and licences obtained properly.
● Good existing business with plenty of potentials to grow.

The asking price is USD 1,475,000.
We will assist with:

● Transfers of property and company shares in order to keep any taxes including Capital Gains to a minimum.
● Smooth handover and introduction with all the existing business partners.
● Help in management.
● Introduction to the neighbours, if needed.