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Successful Surf And Yoga Business In Morocco For Sale

Tamraght, Morocco
Asking Price:
$990,000 (USD) Furniture / Fixtures included
Sales Revenue:
$270,000 (USD)
Cash Flow:
$250K - $500K (USD)

We have a covered area for sale of around 700 m2 including a Guest House / Apartment style building and garden space, just 10 minutes walk from the sea. The property is built on a hillside in the village of Tamraght and has great views of the area's beaches and surf spots and is fully established as a guest house with the necessary permits to receive tourists. It has a brand new yoga shala on the roof top built from timber and glass and is fully equipped for yoga retreats, teacher training and yoga classes.

The upstairs building comprises of 14 bedrooms; 3 terraces; 11 bathrooms; kitchen; lounge area; rooftop yoga studio and reception area, all beautifully built with the best Moroccan materials and tiles. The famous tadelakt plaster has been used on the inside of the walls with stone on the outside making them very thick thus keeping the rooms nice and cool. Everything is entirely new and was completed in 2012. The rooms could also be transformed easily into four separate apartments, two on each floor. The architectural plans have it laid out like this.

In addition to the guest house space there is also a large apartment on the ground floor which consists of 4 bedrooms; 2 bathrooms; living room, kitchen; dining room; terrace and garden.

Currently used as our private living space it could also be incorporated into the guest house business making a total of 18 rooms and 13 bathrooms for guests.

The village are currently improving the drainage systems which will soon be completed and would allow for a swimming pool in the downstairs garden. Although currently utilized as a combined surf and yoga holiday enterprise it could perfectly become a specialist yoga retreat center, which currently doesn’t exist in the area, or a private residence. It is already prepared with the rooftop yoga studio with views over the ocean and the sunset, very comfortable bedrooms and many chill out areas. It is an amazing place with plenty of different options for business creativity.

All is completely paid for in full without the use of credit.

Included in the sale:

• The downstairs apartment – partially furnished (4 rooms, 2 bathrooms, kitchen, dining room, terrace and garden)
• The hostel/current guest area – fully furnished (14 rooms, 11 bathrooms, kitchen, lounge area, 3 terraces, yoga studio)
• Solar panels Junker for the hot water ( 2 x 300 Lt)
• Gite Touristique (permits)
• Security Cameras system (8 cameras)
• Our Company and brand, very well known by a lot of people and agents around the world, operating since 2007
• 3 Vans - Hyundai from 2007 with 12 places; Renauld from 2009 with 9 places; Dacia Logan from 2017 with 7 places

Property information

Real Estate:

Real Property Included

Living Accommodation:

There's a 4 bedrooms apartment underneath the business (on the ground floor). It consists of 4 bedrooms, 2 bathrooms, a living room, a dining room, a kitchen, a terrace and a garden.

Location:

We are located in Taghazout Bay, in the village of Tamraght, 12Km North of Agadir city and 3Km South of Taghazout

Premises Details:

Together with the ground floor the hostel has 18 rooms + 4 terraces, + 13 bathrooms + kitchen + lounge + yoga shala + reception + garden, all done, equipped and built with the best Moroccan materials, with the famous tadlakt on the inside and beautiful stone on the outside which makes the walls super thick preventing the heating to enter. Inaugurated in September 2012, it is completely new.

Apart from the hostel has also a house which is underneath and has 4 bedrooms + 2 bathrooms +living room + dining room + terrace + kitchen and garden

The project was done and divided into 1 house on the ground floor and four apartments on top (two on the first floor and two in the second floor)

Size in square feet:
700
Planning Consent:

We have all the building plans and also the permits to receive tourists (Gite Touristique)

Business Operation

Expansion Potential:

Being so close to Europe and with so cheap flights from everywhere this area everyday has more value and more tourists in the surf and yoga area.

Competition / Market:

There are more surfcamps around but real competition for the moment there's just 3 or 4, we are one of the best surf and yoga villas in the area and for sure the best yoga shala in all the surroundings

Reasons for selling:

The reason we're selling it it's because of our daughters studies. While they were little everything was fine, but now they need to go back to Portugal to continue their studies and we can't stay away from them. Agadir doesn't have any offer of good schools or universities, so we have to move back there for it. I'm also away from home since 14 years ago and i really miss it!

Trading hours:

24/7

Employees:
8
Years established:
12

Other Information

Support & training:

We can be here for 6 months teaching, helping and showing everything about the business to the person who buys it

Website:
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Home based:
This business can be run from home.

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