Tourism Lodge for Sale in Linyanti, Zambezi Region, Namibia
600,000 USD
(Negotiable)

Tourism Lodge for Sale in Linyanti, Zambezi Region, Namibia

Exquisite Lodge with Spectacular Lake Views

Asking Price: 600,000 USD
(Negotiable)
Set on the banks of a flood-plain lake adjacent to the Zambezi River. A unique wooded property attracting many species of birdlife and small wildlife.

This 3-star 14-room tourist lodge comprises 10 separate en-suite, air conditioned rooms and 4 budget tents, a separate 2 bedroom owners house and a single room managers house. The lodge has a small (25 person) conference/workshop facility as well as a fully equipped spa. There is a small lawned 4 berth campsite with communal ablutions (male and female). The property is situated on 11,5 ha of pristine riverine land and services by an excellent tar road.

This is an established and profitable business which has been trading for 7 years under the current ownership. There is further potential for expansion of another 3 rooms in locations over-looking the adjacent floodplain lake.

The business has increasing occupancy rates with various tourist groups now using the facility which is consistently ranked above 8,8 out of 10 across web booking portals. Most of the guests to the lodge are from Europe with +-25% from Southern Africa. We currently have 5 large international tour operators using the lodge.

The lodge is an ideal location for both business clients, domestic, regional and international guests and is centrally located within the Kavango Zambezi Transfrontier Conservation Area (KAZA) which is the world’s largest Transfrontier Conservation Area covering parts of Angola, Namibia, Zambia, Botswana and Zimbabwe.

Situated only a 25-minute drive from the CBD of Katima Mulilo (the capital of Zambezi Region in NE Namibia) and within an hour's drive to the Chobe National Park in Botswana and 3 hours from the Victoria Falls in Zimbabwe.

The business is being sold as a going concern with fully trained and loyal staff in place, including: an Assistant Manager, Kitchen Staff, Housekeepers, Maintenance and Security staff.

The owners currently live on site from where they manage the business, along with the Assistant Manager. There is staff accommodation on site for front and back-of-house staff but the majority of the staff come from the nearby local village.

The sale includes all assets (buildings, fixtures, vehicles and boats, fittings, furniture, & stock) and the business goodwill. The sale will involve the transfer of shares of the business.

• Reception area and office; on-site laundry; and several storage rooms
• Spacious lodge kitchen.
• An outdoor dining/lounge/bar area with magnificent views seats +24 people. All business rights and liquor license in place.
• A small pool is situated on the lawn surrounded by well-manicured gardens and large trees.
• Beautiful established landscaped gardens with chill out area in “the jungle”
• Secure on-site parking with a 4-car carport.
• Extensive grey water and lake water irrigation systems for the garden
• A CCTV camera system

Property Information:

Real Estate:

The property is a Leasehold (25 year) with 20 years remaining on the current Land Board Right of Leasehold. The lodge is situated within Communal Land and the Right of Leasehold is the only method by which business’s can get permission to operate within these areas. The lease is signed off by the Minister.

Location:
East of the town of Katima Mulilo in Namibia

Lodge Details:
* 3-star graded Lodge
* 14 guest rooms (10 en-suite rooms and 4 budget tents)
* Separate managers house (can be used for additional guest rooms)
* Laundry
* Outdoor dining room/lounge/bar and entertainment area
* Office
* Spa
* Fully equipped conference/workshop facility – can accommodate +-25 participants.
* 1 x pontoon boat and 2 x motor boats on the lake and the Zambezi River
* Vehicles including a 7 seat bus, pick-up, game/bird viewing Land Rover
* Fully equipped workshop
* Borehole water
* National Grid power

Size in square feet:
11,5ha (29 acres)

Property has all required licenses in place including liquor license, fitness certificates, food handlers certification in place - been trading for 7-years.

Business Operation

Expansion Potential:

Space for 3-more guest suites in prime location overlooking the lake

Reasons for selling:
Owners retiring

Trading hours: 24/7

Employees: 16

Years established: 9

Other Information

Sale Price

We are looking for a sale price of US$600000 (negotiable).

This price is based on the following valuation criteria:

• Value of Movable Assets (Vehicles/Boats/Furniture and Fixtures)
• Approximate Value of Inventory/Stock (at any point in time)
• Fixed Assets (Buildings etc)
• 3 Years Projected Turnover

The business will be sold “as is”, including all assets, future bookings and good-will. The sale will involve the transfer of shareholding in Caprivi Mutoya Lodge CC to the new owner and the new owner will then have the option to apply for a Namibian Work Permit.

Support & training:

Support and training will be available as required. This business can be run from site and from home with the Assistant Manager on site.

NDA
The current owners will draft and sign a NDA with an interested prospective purchaser to release all financial information and all future bookings/financial projections. Please note that the lodge is in Good Standing with the Namibian Revenue Authority.