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Newly Established Campground Investment Opportunity in Mugumu, Tanzania

Pre-revenue startup tourism company seeking investment to establish a luxury tented camp in Serengeti, Tanzania.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Campgrounds
Locations  Mugumu
Local Time 11:04 AM Europe / London
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Partial Stake Sale
USD 800 thousand for 20.0% stake (Native Currency: GBP 600,000)
Reason: We are seeking this funding to install the camp to a high quality with en-suite facilities to each t... View More
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Business Overview
We are not operational yet and are seeking investment to set up the camp, having secured the land. The business partner and promoter have known each other for about 12 years. The partner is an experienced tour operator and a highly competent guide, while the promoter has voluntarily assisted him with his company for about 10 years. We are well-versed in the industry, have many contacts, and understand the laws and regulations in Tanzania.
The promoter is British and was a business manager with experience in project management, finance, IT, human resources, premises, health and safety. The promoter also has health and education experience and has served as a county, district, and parish councillor in the UK for several years. Additionally, they are a member of Rotary and hold a resident's permit for Tanzania.
Our financials are based on conservative estimates, but we believe we can improve on them if we start early enough to open by June/July this year. We have finalized quotations and timelines for orders and have contacted solar power providers, tent suppliers, and furniture suppliers. Recruitment will begin as soon as possible, starting with 15 staff members, including security, even though the national park also provides security.
We have extensive project management experience having started a charity, having secured funds for a £3.5 million water project through our charity in partnership with WaterAid and ministries in the UK and Tanzania. Additionally, we have built a school hostel, and the promoter has been involved in the Schools for the Future project in the UK. The promoter and the shareholder are both trustees of the charity, registered in both the UK and Tanzania, which has been running for over 10 years.
The promoter has family in the UK and frequently travels between the UK and Tanzania.
Products & Services Overview
We will be offering luxury accommodation for tourists from across the globe, also offering game drive packages, special honeymoon packages and walking and balloon safaris.
En-suite facilities offering privacy and comfort in all rooms/tents. Cultural activities and retreats will also be offered.
Later we plan on offering spa facilities. High quality, professional and welcoming service, close to airstrip and in a very sought after central area of Serengeti, with beautiful vistas across the savannah offering wonderful sunsets and sunrises. Local and international cuisine. Balloon safaris and walking safaris can also be arranged.
Assets Overview
Intangible assets: Shares of the company, as we are not operational and require investment for tents, furniture etc. We have lists of contacts including tour operators, travel agencies around the world, events organisers who are keen to have us at events, previous clients around the world, complementary knowledge and experience between us both, a have a business website which will be expanded as soon as we are able to take bookings and email.
A number of tour operators are already stating they will use our camp. We have contacts with relevant authorities through our charity, which we are hopeful to support with small donations so we can still help local communities with our projects (water, sanitation, education and health). This would be a decision by all shareholders at a later date.
Facilities Overview
The facility will have some family tents and some doubles/twins - flexible for single occupancy too, a restaurant, kitchen, manager's and staff tents as well as guide tents, a laundry and a store initially.
We hope to put these on decking to offer verandas for the tents. The camp will be on the savannah so it is relatively flat with mountains in the distance, and no one is able to put any other facility within 1 square km. It will be listed as a seasonal camp, but we can either go for a permanent camp next year or indeed expand to another camp elsewhere in three or four years. There will be a profit in the first year from the forecast. We are able to use the land now until we decide to leave by paying an annual fee to Tanapa (the park's authority).
The land will be leased for a fee of USD 2,000/ year, and we plan to start the operations with 10 tents and expand with time.
Capitalization Overview
We have no debts. We put USD 10,000 in the business, as did another investor for the land, so USD 20,000 has been invested already. One shareholder has 10% in the business but will be a silent partner. Another shareholder has 55% and.
The promoter has 45% stakes.
Please note there are no values given below due to us not being operational yet.
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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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