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Bed & Breakfast And Successful Restaurant For Sale

Zanzibar, Tanzania
Asking Price:
$450,000 (USD)
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$50K - $100K (USD)

Very well ranked restaurant with guest house
Restaurant capacity 30 guests at a time, well equipped hot kitchen, wooden brick pizza oven.
Pastry section with contracts in place to supply bars as well as schools.
Gift shop and, 4 cozy bedrooms with high occupancy through out the year.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Belonging to an old family of Spice Traders, the House of Spices was an entrepot where spices from the Islands of Pemba and Zanzibar were collected.
Once in the house they were selected, ground and packed before being exported to Europe and to the Americas.
The house has been kept in good order and any restorations have followed the original plans over years of its history.
Even though over 200 years have been passed since it was built, The House of Spices carries fully intact, the romance and atmosphere of an old Arab House.

GROUND FLOOR
On the ground floor the main entrance of the house looks out on Kiponda Street, one of the major thoroughfares crossing the town. Today is a reception and a spice shop where refreshing spicy teas are offered to every visitor walking in to buy spices.
At the back of the house is a specious store for goods and a three rooms bakery used for the production of breads, pastries and desserts
1st FLOOR

On the first floor there are four bedrooms, three bathrooms and a kitchen. Each room carries the name of a spice. This was the floor originally occupied by the trader in the last century, together with his family.
Every room has its own little treasures: original Zanzibar furnishings, beautifully preserved, in a setting of authentic Swahili architecture.
2nd FLOOR

On the second floor there are two terraces which were used for drying the spices before they were packed. One now hosts a restaurant serving a wide selection of dishes including pizza, baked in a typical Italian wood oven. The restaurant can host up to 40 guests at once
The second terrace is now a wine bar offering wines from most known wineries around the world.
From both of these cool and shaded terraces open veranda sides offer rooftop views of the minarets and streets of Stone Town.
LOCATION:

The House of Spices is located in the heart of Stone Town: a pleasant walk from the fish and fruit market of Darajani, or from the other direction it can be approached from the Forodhani front near the Old Fort, the Palace or the Big Tree.

Location:

Stone Town Zanzibar

Premises Details:

Three floors

Business Operation

Expansion Potential:

Possibility to add 5 more bedrooms

Reasons for selling:

Dealing with other business

Trading hours:

10am-10pm

Employees:
15
Years established:
2009

Other Information

Furniture / Fixtures value:
$90,000 (USD)
Inventory / Stock value:
$70,000 (USD)

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