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Resort for Sale in Corniche Aglou, Morocco

4 residential beach properties, with full on-site management and all year round maintenance service.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1 - 2 million
Run Rate Sales USD 2.6 million
EBITDA Margin 0 - 10 %
Industries Resorts
Locations  Corniche Aglou
Local Time 1:56 PM Africa / Casablanca
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 800 thousand (Native Currency: MAD 8,000,000)
Reason: Looking to sell 4 units to provide direct cash to build the remaining 4 villas.
Includes physical assets worth USD 6 million
Interested to connect with advisors
Documents
Business Overview

- We are a serious property developer in Morocco that provides development, maintenance, and property management services. We have established several high quality beach properties that generate a high ROI and stable revenue over the years.

- We have developed a 3,000m² residential beach complex in the South of Agadir, with 30 spacious apartments (180m² each) and villas with an ocean and mountain view. This complex is developed, and managed by us and can be used for the accommodation of tourists as well as for normal residential use. Target market is 95% Europeans due to the good flight connections between Agadir & Europe, remaining 10% Moroccan's from Rabat, Casablanca and Marrakech.

- The development is designed to enjoy a stress-free beach-life and make the most of Morocco’s sunshine, with only 3 hours away from the major European cities.

- 15 units have already been sold and we are now looking to sell another 4 units. Each unit is a 3 bedroom apartment boasting high-end finishes, fully fitted kitchen, as part of a modern open plan layout, including fibre optic for high-speed internet.

- All properties have title deed, certification, building license, and building achievement declaration from the architect and local authorities.

- Investment generates a decent ROI, as a full onsite management service (all year round), which shall be set up with the notary during the buying process.

- This is a secure investment opportunity offering a rental income opportunity during the summer & winter. A winning situation for any investor looking for a secure deal to diversify his assets.

Products & Services Overview

4 fully furnished new apartments. Each having 3 bedrooms, 2 bathrooms, ocean, and mountain views.

Assets Overview

4 new beach apartments, fully furnished, management contract for 12 months included.

Facilities Overview

Apartments, full built up area is 3,000m², all set on 2 floors, management contract on year base available for the investor at low cost.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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