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Gite Village Dordogne In Lot For Sale

Lot, France
Asking Price:
€960,000 Furniture / Fixtures included
Sales Revenue:
Under €100K
Cash Flow:
Under €50K

This is a big chalet park or gite complex set in a wooded estate just south of Souillac. There are 21 gites on the property - 18 of which are solid, brick-built houses - and 3 are wooden chalets. The owners live in an independent 3-bedroomed house on the estate.

The gites are peppered throughout the woodland with plenty of space between them. A feature of the property is the number of enclosures where exotic animals are kept: llamas, African sheep, Asian pigs as well as horses and Shetlands. This is what attracts families with small children who come back year after year to visit their favourite animal.

Although the gites are all self-catering there is a restaurant (45 covers inside: 45 outside) and a snack bar. 2 pools, one a big paddling pool.

The gites go from studios (for two people) to 8 big two-bedroom houses which can accommodate 6.

Serious buyers will be pleased to learn that the property is held and run by a limited company - a SARL - which keeps proper, verifiable accounts. These are a must if you're looking for a mortgage. It also opens the possibility of buying the shares of the company and thus speeding up the purchase process (and it's cheaper too).

This is an excellent business which is being sold due to ill-health: turnover figures are increasing every year and buyers can expect this to continue.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 bedroomed bungalow for the owners/managers

Location:

The estate covers a forested hillside in the Lot département. Easy access by train or car (motorway exit 5 kms)

Premises Details:

22 dwellings: One 3-bedroomed owner's house, 18 brick-built gites and 3 wooden chalets

Business Operation

Expansion Potential:

Yes: there are plans to create a big meeting room/yoga centre above the restaurant ... and more chalets could be added.

Competition / Market:

There's a campsite in the valley but it has tawdry mobile homes and closely-packed tents

Reasons for selling:

Ill-health

Trading hours:

Mainly April - October

Employees:
0
Years established:
20

Other Information

Support & training:

Yes

Furniture / Fixtures value:
€46,000 - included in the asking price
Home based:
This business can be run from home.

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