Gambia Business

Mini hotel and bar for sale in tourist centre £350,000 o.n.o.

Established business with lots of returning clients, with an 80% average occupancy last year. Successful self-catering mini hotel and bar that virtually runs itself. Four studios, 3 large bungalows and huge pool. Present owner is currently charging £180 a week for Studio and £280 a week for bungalow. Just based on a 60% occupancy rate the hotel generates over £48,000 just on rentals alone.
Expand business by applying for a drinks license, or simply sublease for greater cash flow, the options are limitless. The present owner is retiring.

The Gambia is a 6 hour flight from London and has blossomed into a world class tourist resort over the last decade with five star hotels, fine dining, fantastic beaches, water sports, sports fishing and many other quality sporting and leisure pursuits. The Gambia is peaceful and stable. Crime rates and the cost of living are among the lowest in the world. Property ownership is part of the Gambian constitution and the conveyancing system is transparent and straightforward when done professionally. The Gambian government is totally committed to free enterprise. Luxury brand new four bedroom villas range from 80,000.00 GBP to 150,000.00 GBP dependant on location and proximity to the beaches. These properties can rent for up to 10,000.00 GBP per annum to United Nations or embassy staff