Ref. No - BFS00400

LocationSouth Africa, Western Cape

Ref. No - BFS00400

Sector - Accommodation

Asking Price
R15,500,000
Monthly Profit
R199,500
Asset Value
R 11,000,000
Stock Value
R 0
Yearly Net Profit
R 2,394,000

Summary

An exceptional opportunity to acquire a sought-after, income-generating property together with an established holiday rental and property services business.

Established for more than 30 years, the business manages approximately 120 holiday rental properties, ranging from entry-level self-catering accommodation to premium and high-end homes. It has built a strong market position, an established customer and property-owner database, a strong online and social media presence, and an experienced operational team.

A key differentiator is the additional home management division, providing services including cleaning, laundry, housekeeping, garden services and general property maintenance. This division contributes approximately one-quarter of gross income, providing a valuable recurring revenue stream alongside the seasonal holiday rental business.

The business operates from a centrally located commercial property with excellent visibility, which is included in the sale. The property generates its own rental income and provides the purchaser with both an operating business and a tangible underlying asset in one transaction.

KEY HIGHLIGTHS:

*  Established since 1989

*  Approximately 120 properties under management

*  Second-largest holiday rental operator in its market

*  Diverse portfolio from entry-level to high-end accommodation

*  Strong online and social media presence

*  Established database of repeat customers

*  Recurring income from property management services

*  Experienced operational team

*  Owner only semi-involved in the business

*  Commercial property included in the sale

*  Business value: R4.5 million

*  Property value: R11 million

*  Combined asking price: R15.5 million excluding VAT

*  Normalised business income of approximately R1.65 million

*  Property net income of approximately R744,000

This is a rare opportunity to acquire an established tourism-related business with a substantial property portfolio, recurring service income and the underlying commercial property included. The combination provides an attractive platform for an investor or owner-operator looking to acquire an established business with both income-generating operations and property ownership.

Serious buyers will be required to sign a Non-Disclosure Agreement (NDA) and provide suitable proof of financial capability

 

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Thurston Hillebrand

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