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Award Winning Family Run Guesthouse In Morocco For Sale

Meknès, Meknes
Asking Price:
$450,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
$100K - $250K (USD)

We are an Anglo / Moroccan couple who own and run in Meknès, Morocco.

We are looking to sell as an ongoing business. It has been running very successfully for 9 years. We have an excellent web presence and features in all the major travel guidebooks.

The paperwork is 100% complete, and we have an accountant with whom we've been working with since we started.

The guest house has 6 rooms, a large downstairs patio and a 3-tier roof terrace. Included in the sale is a 3 room managers flat above the kitchen.

The average occupancy rate is 40% with sales and revenue that have been and continue to increase steadily even though we have only ever functioned during the present financial crisis. There is a large potential to increase this as we are a family run business and balance our work time with family time.

This business presents a great "walk-in" opportunity for a buyer looking for a life style change without the difficulties and time needed for setting up a business in a very different administrative and cultural structure.

Why would we sell? We built the business up and it now works very well so we would like to move on to another project already in its first stages.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

3 bedroom flat above the kitchen.

Location:

Ideally situated on the edge of the Medina or old town, we are right next to the heart of Meknes where you’ll find the atmosphere, sights, sounds and smells your clients would hope to find on a Moroccan adventure.
At the same time, the quarter is a residential part of the medina and so is calm and peaceful while still retaining the medina atmosphere.
The ancient imperial city of Meknes, known as the Versailles of Morocco, is in Northern Morocco and is one of its most historic, traditional and colourful cities, steeped in folklore and culture.
There is a large guarded car park opposite the riad, ideal for guests parking.

Premises Details:

This is a traditional Moroccan guest house, beautifully restored in the elegant Andalusia style of hand made mosaics.
Been decorated using the local arts and crafts and decorative techniques
There are 6 rooms (1 large family room, 4 double rooms and a twin room) including 2 on the terrace.
Clients also have the option of "family apartments" which include 2 rooms and a living area in a private space.
There is a beautiful 3 tier roof terrace and a large ground floor "patio" which features the hand made mosaics and sculpted plaster.

Size in square feet:
3800 ft2

Business Operation

Expansion Potential:

Morocco is a very popular tourist destination and Meknès as a city is expanding as is our business itself since we started. But we are a family run business and due to the restrictions we impose on ourselves to preserve our family life, there is still a lot of room to ramp up the marketing and increase business significantly. There are no debts on the business and a buyer would walk-in and starting working straight away.
There is also the possibility of buying the next door and adding it the existing business which would increase the number of rooms and business possibilities.

Competition / Market:

There are more and more guest houses in Meknès as it is a city whose reputation as a very laid back yet culturally important city is increasing. Ours has been awarded the top category of guest house by the Moroccan tourist board and is at the top of the major tourism web sites such as Tripadvisor and Booking.com.
So although competition is increasing which is a good sign for the city, the guestouse has the quality and reputation to rise above it.

Reasons for selling:

We have built the business to a point where we wanted to go with it and as we have a young family we have to take this into consideration. We also have another project in the pipeline and would like to move on.

Trading hours:

24/7, all week.

Employees:
4
Years established:
7

Other Information

Support & training:

We can stay on and help new owners settle into the business and introduce them to all the local people to know from tradesmen to civic officials.

Related Documents:
Home based:
This business can be run from home.

Contact Seller

Contact Information

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