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Campground Investment Opportunity in Vacoas-Phoenix, Mauritius

First integrated geopark in Mauritius powered by microbial energy and tourism.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Campgrounds
Locations  Vacoas-Phoenix
Local Time 7:03 PM Indian / Mauritius
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 3.94 million for 40.0% stake (Native Currency: MUR 180,000,000)
Reason: Last round of capital raise for the project implementation of the pioneering geotourism resort in Ma... View More
Includes physical assets worth USD 6.2 million
Interested to connect with advisors
Documents
Business Overview
- Upcoming development with 60 glamping keys, 140-seat restaurant, endemic forest conservation area, microbial energy research center, event and workshop area, and spa/wellness area.
- Located on a pristine freehold property in Mare Longue, Mauritius, next to Black River Gorges National Park.
- Land value estimated at MUR 435m for 87 arpents.
- The property is a combination of forested areas, scenic landscapes, and water bodies. The endemic forest area covering 60.21 arpents is estimated to be valued at MUR 282,598,100.
- Construction is planned to start in the next month, with a 12-month timeline.
- Expected average yearly revenue of MUR 332m.
- Relevant clearances obtained in collaboration with the Economic Development Board of Mauritius.
- Expected IRR of 16-19%.
- Positive cash flow projected with a conservative occupancy rate of 43% at a minimum ADR MUR 6,300 for glamping units.
- Anticipated conservative capture rates for restaurant (35-50%), spa (10-37%), and guest experiences (12-20%).
- Strong established partnerships with reputable local and international companies for construction, implementation, and operations.
- Pioneering the concept of geotourism in Mauritius, positioning the project as the first geotourism resort on the island. It will also be positioned as the first Cabon Sink Resort of Mauritius.
Products & Services Overview
- Glamping accommodations: 60 luxurious, sustainably sourced, and award-winning rooms.
- Microbial energy research: adapting endemic flora to utilize energy produced by microbes at the roots of plants and trees and monitoring of water health.
- Wellness experiences: forest bathing, organic spa treatments, yoga, and others.
- Sustainable dining: Mauritian and continental cuisines with seasonal and locally sourced ingredients.
- Playscape and outdoor activities: interactive and natural playground, hiking, bird watching, kayaking, and trail biking.
- Educational programs: Participate in workshops, guided tours, and interactive experiences focused on conservation, sustainability, and the preservation of endemic species.
- Membership program: a network of like-minded individuals committed to sustainable travel and environmental conservation.
Assets Overview
Property:
Spanning 87 arpents of freehold land, Project Cybele offers mesmerizing scenic landscapes, lush forests, flowing rivers, and natural pools. The property post-construction includes buildings for reception, back-of-house facilities, a restaurant, a pool house, and a spa reception. With valued fencing, security measures, and well-maintained access roads, it presents an unrivaled location adjacent to Black River Gorges National Park. The estimated value of the property's endemic forest area covering 60.21 arpents is MUR 282.598 million.
Equipment:
The resort will feature exquisite furniture, fixtures, and décor, along with a comprehensive security system. Cutting-edge IT and operational systems ensure seamless functionality. The addition of four giant tipi structures and a well-designed event and workshop area enhance the resort's unique appeal.
Amenities:
Offers essential amenities, including reliable water and wastewater systems, efficient waste management, stable electricity supply supplemented by solar panels, and optimal site lighting through microbial energy solutions. Sanitary blocks, service stations, a fully equipped spa and sauna, ample parking space, golf carts, and utility vehicles provide convenience.
Trademarks and other intellectual property:
The brand is fortified by trademarks and intellectual property, including the iconic logo, website domain, master plan, and distinct designs of various elements.
Factors considered:
The investment reflects the project costs, appraisal of the land's worth, individual values of assets and components, industry growth prospects, and risk assessment. It provides an opportunity for investors to be part of a thriving sustainable tourism venture.
The total value of the land:
The size, location, and development potential contributed to the land's value, along with its ecosystem services, such as air purification and water filtration.
Value of assets and components:
Each asset and component within the project was evaluated based on quality, functionality, and market appeal.
Industry growth prospects:
The positive market conditions and long-term growth potential of sustainable tourism have influenced the assessment of the project.
Risk profile:
A thorough risk analysis was conducted to align the investment with potential rewards and mitigate downsides, ensuring a fair and reasonable investment opportunity.
Considering these factors, the investment is also backed by a conservative IRR of 16-19% and provides a fair opportunity for investors to join a thriving sustainable tourism venture with significant growth prospects.
Facilities Overview
- Land is freehold 87 arpents right next to the Black River Gorges National Park. It has scenic landscapes, endemic forests, and water bodies such as streams and natural pools on site. It has well-maintained internal and external access roads to the standards of the Road Development Authority, fenced all around, and existing buildings that will be renovated into green buildings for the restaurant, reception, back of house, and spa.
- The property also already has access to potable water and electricity.
- No additional buildings will be added, only the 60 glamping pods and other tenting structures which can hold the cyclonic weather of Mauritius. These do not need deep foundations, only to be placed on the ground. Please refer to additional details in the information memorandum.
Capitalization Overview
The company has one sole shareholder and does not have any debt or is bound by financial constraints. The business is backed in equity by the promoter and the Mauritius Investment Corporation, the sovereign fund of the Bank of Mauritius, up to an amount of MUR 180 million. We are seeking funding for the rest of the capital required.
Recent Activity
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3 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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