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Guided Tours and Safaris to The Africa Experience

PROFILE
Description:		This well-established, reputable and popular tourism business in operation since 2000 offers tailor-made and scheduled tours and safaris, personalized service, professional tourist guides, licensed and reliable vehicles and quality accommodations with all their safaris
Industry / Sector:

LOCATION
State / Province:		Gauteng RSA
City / Town:		Johannesburg
Location / Area:		Suburbs - home office
Metro Proximity:		Johannesburg. It should be possible to commute from this metro city to the business location.
Portability:		The business is operated from a home office and the new owner can do the same.

PRICE
Asking Price:		R 2 250 000
Conditions:		The asking price is marginally negotiable and includes fixed assets valued at R63,000 and goodwill.

FINANCIAL & OPERATING INFORMATION
Turnover:		R 150 000 per month
Profit:		R 49 400 per month
Annual Return:		26 % per annum
No. of Staff:		3
Year Established:		2000
Legal Persona:		Close Corporation
Other Information:		. GENERAL INFORMATION . In Southern Africa they provide unique travel packages and tour itineraries for lone travelers, couples, families or groups at excellent rates for the Africa experience. Tours are private guided day tours or longer and of an informative and relaxed nature. Historical tours are also offered. Accommodation is meticulously chosen to fit client's travel budget and the options of activities whether they are cultural or adventurous, are part of your package. Utilizing all their experience, they also package popular Africa trips to Botswana, Zambia, Namibia, Kenya, Mozambique and Zimbabwe. They meet clients at airports or hotels and transport them safely to booked and arranged accommodation while on tour anywhere in Africa. This is virtually a door-to-door experience with registered guides or game rangers and a personal touch. All vehicles are clean, have road permits and are regularly serviced. A clean vehicle is a safe means of transport - a unique way to experience a country and the peoples cultures. The unique part of a tour is seeing a country and its beauty first hand. The owner took the decision to replace owned vehicles with excessive holding costs by reducing costs and operating with rented vehicles. . PREMISES . The business operates from a home office and this avoids the cost of rented premises. . FINANCIAL INFORMATION . Detailed financials will be made available to approved buyers at a personal meeting with the seller and the seller claims that he can verify all trading. The financial information reflected above is based on the latest financial statements prepared as at 29th February 2024. Turnover, gross profit, expenses and Net Profit figures can be confirmed by the Seller. The EBITDO has been presented by the broker based on the seller's information, used to calculate the owner's profit. . ASKING PRICE . The asking price is marginally negotiable and includes fixed assets valued at R63,000 and goodwill. The final price will also be determined by the final value of current assets and deposits at take-over date. . POTENTIAL . The business requires a proactive owner that understands the tourism Industry and who can sustain and grow this well-established business. The business is highly rated on social media platforms and, coupled to the interactive website and the chat facility, that generates many bookings. Also, the business has many return clients that receive regular newsletters and book annually. Due to operating from a home office base, it is possible that the business can be located in the buyer's current area of residence. . REASON FOR SELLING . The owner wishes to retire. . HANDOVER . The seller is prepared to assist the buyer for a negotiated period of hand-over and training. . DISCLAIMER REGARDING INFORMATION . No representation or warranty, express or implied, is given as to the accuracy or completeness of the contents of this profile. The only representations and warranties that will be made are those that may eventually be included in a definitive agreement to the proposed sale of the vendor's interests in the business. Neither this profile nor any of the information contained in it shall form the basis of any contract for such sale, nor does it constitute an offer, invitation or inducement to purchase or acquire any shares in the business or any interest in it. . NON-DISCLOSURE AGREEMENT . FULL DETAILS WILL ONLY BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA) AND WITH THE CONSENT OF THE SELLER. Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact on staff issues and/or effect supplier and customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved. . PROOF OF FUNDING REQUIREMENT . Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase. In terms of the broker's mandate, the seller will not entertain any discussions, or consent to provide any details or documentation; or accept any offer unless you first meet these criteria. The potential buyer will need to provide proof of these financial requirements in your initial enquiry.

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Record ID: 2898

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