Filters
LocationNamibia, Northern Namibia

Sector - Accommodation

Asking Price
N$51,140,000
Monthly Profit
N$ 720,211
Asset Value
N$ 67,097,370
Stock Value
N$ 360,000
Yearly Net Profit
N$ 8,642,533

Summary

Ideally situated near Namibia's northern tourist attractions. A perfect stop-over destination on the way to the Etosha National Park. Selling properties with a butchery and bakery. Offering large conference facilities.

Give me more information

Fully describe the business's activities?

The main hotel consists of 64 rooms and the country hotel consisting of 16 rooms. The hotel & country hotel are separated by a municipal street between them. Both entities cater for the tourist, corporate and government sectors. There are 7 conference venues, the largest one being able to accommodate 160 pax banquet style. There are two A'la Carte restaurants with bars. The restaurants are popular not just with travelers, but with the local community as well.

The Hotel accommodation consists of 21 thatched roof rooms and 43 hotel style rooms. The country hotel guests can be accommodated in 16 rooms, where 13 rooms are standard, 2 rooms have kitchenettes and a 1 is a bedroom flat. All rooms have on-suite bathrooms, DSTV, hot and cold air conditioning, free Wi-Fi and a small fridge. The guests can relax at the swimming pool, at the bar or in the two smaller lapa areas.
There is a in-house butchery and bakery to cater for the restaurant needs.

This business was awarded Trip Advisor's Certificate of Excellence in 2018 and a 8,7 rating from Booking.com in 2017. Both hotels have a 3 star rating.

How does the business operate on a daily basis?

Excellent management controlled systems have been established in this business. These are complimented by computer systems.

What competition exists?

There is one more hotel in town, however a good relationship exists between the opposition and this business.

Give a breakdown of staff/ functions/ length of service?

Staff breakdown, functions and length of service are available to serious buyers during the due diligence stage.

Do any have management potential?

Both entities have the necessary management teams in place to operate on their own. A more than capable accounting team is also in place.
The management currently in place ensures that all operations continue normally in the owner's absence.

How involved is the Owner in running the business?

The owner only supervises the businesses and puts policies in place.

Strengths?

This is a well run business with excellent systems in place as well as devoted, trained staff. Large portions of the buildings are new and or newly renovated. Both restaurants are very popular with the locals and with guests from alternative accommodation in town.
These two hotels compliment each other in the way of conference facilities in the one hotel and extra accommodation to support the conference side with the opposite hotel. A butchery and bakery supplying both restaurants.

Weaknesses?

There are no weaknesses perceived.

Opportunities?

Municipal approval has been obtained for further expansions of the hotel as the demand for further rooms is on the increase. The expansion for additions to the hotel will add a further 150 rooms and a casino license.

What is the reason for the sale?

The seller wants to change industries and has already purchased a hardware franchise.

Location

Contact | Enquire

Ursula

Ursula Gollwitzer

LocationNamibia, Namibia

Preferred method of contact

Logo
Access to the number one business broking tool to get your business sold.
We've got you covered!

We offer an innovative and intuitive

solution for selling your business, franchise and premises

Promote

Promote

your business for sale

Advertise

Reach

the right audience

Gain

Gain

more exposure

Sign up for our Sellers' Portal Affordable monthly packages
Man

Knowledge Bank

Get the latest information, valuable tips and share in the professional knowledge of business experts on selling or buying a business

Buyers

Buying Your First Business

As an entrepreneur, you are always on the lookout for a new opportunity, or to compare your business

Checking the Numbers

Before taking over a business, one should always conduct a proper due diligence. In fact, it is ad

Sellers

Can I Franchise my Business? – Ten Things to Consider

Many businesses get to a stage where they consider expansion, and franchising is one way of expandin

What makes a great Business Coach?

A great ActionCOACH first and foremost has a passion for business, as well as a passion for helping

Common Mistakes to Avoid when Valuating an Online Business

Unlike other businesses, the online venture may not have any tangible assets such as property, machi