Fully describe the business's activities?
This is an ideally located establishment with 5 self catering units. The fact that there are five units enables five investors within a family or friend group to purchase into this investment at a much reduced cost to each member. To maximize income members can rent out each unit during periods they are not using them. The property is part of a working farm where the exclusive use portion of 3 000 m2 is located in a camp of 343 Hectares along with six other portions. The establishment aims to be eco-friendly; water is pumped from a borehole to a reservoir and electricity is by 12v solar power supply. The structural improvements comprise of the following: - Five Identical Tented Chalets comprising of wooden and steel frame structures with canvas external walls and canvas roofing. - Each unit has wooden flooring with a wooden deck - Each tent /chalet is a total of 41,6m2 The design and layout of tents 1 to 5 are as follows : - Entrance hall - Deck with custom built kitchen (overlooking amazing views) - Bedroom/Living Area - Bathroom with Toilet, Basin and Shower - Each Tent has own individual BBQ Area. Other Improvements on the property include: - Water Tank - Warm Water Donkeys (Fire fed Geyser) - Parking Areas - Outside BBQ areas - Hiking Trails
How long has the business been established?
The business was established in 2019.
How does the business operate on a daily basis?
This business is registered with the Namibian Tourism Board. The sellers use these facilities off season and otherwise take bookings and payments from their office in Windhoek where they operate their other tourism business from.
How are the clients attracted to the business?
The business makes use of tourism platforms and receives spin-off business from neighbouring accommodation establishments.
What Advertising/Marketing is carried out?
There is an existing website and established Facebook page. Marketing is additionally run through the Seller's existing Tourism business.
General notes on the Financials :
This establishment was completed as the Covid pandemic reached Namibia. It has not had the opportunity to launch to its intended foreign clients yet. The financials reflecting on this report is a forecast at 50% occupancy.
The fact that there are five units with their own kitchens enables five friends or family group to purchase into the cc at a much-reduced cost to each member. Members can still rent out their units during periods that they do not use them. The establishment is accessible by 4x4 and there is a landing strip for light aircraft. The business runs completely off the grid with solar power, eco-friendly water geysers and LP Gas for cooking; therefore no utility fees are applicable. It is on a main tourist route, with full mobile reception. One has amazing views towards the desert with no visible fences for endless kilometres.
There is potential for expanding as currently only 250m2 has been built and the density allows for up to 400m2. Additions such as a large entertainment area to cater for all 5 units would be an added luxury.