EGP£22,956,723 Business Dahab

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EGP£22,956,723

(EUR 450,000)

CHECK IF AVAILABLE

Business
For Sale
Dahab
Egypt

Alf Leila in Dahab is the first

boutique hotel in South Sinai, Egypt, offering the ultimate in stylish accommodation. The hotel also houses Leila s Bakery,

the only real German bakery in Dahab. The hotel shop sells unique handmade Arabic and Bedouin crafts and you can also explore

some of the most secluded and magical spots in Sinai with the Alf Leila adventure team.

The name Alf Leila means

one thousand nights in Arabic, and relates to the famous literary epic, One Thousand and One Nights whereby two sisters

save themselves and the women of a mythical land between China and India from execution by the king by holding him enthralled

by tales of love, honour and bravery over the course of one thousand and one nights.

Whether you re a single

travellers or organising group holidays of up to twenty, whether your holiday is about rest and relaxation in the year-round

Sinai sun, diving or other activities, we can guarantee that your time with Alf Leila will be the holiday you ve been

dreaming of.

in following more info ...

Price and terms of sale
-------------------------
price :

450.000.- Euro

terms of sale : 50% with the selling contract at the beginning of the transaction

the rest 50%

by finishing the necessary ownership documents ( aprox. 3-6 month )

Size of the hotel and billable rooms
--------

------------------------------
building on 270 sqm

billable rooms
4 studios (

reception/bedroom/kitchen/bathroom/AC )
4 rooms with bathroom
the finishing of the housing bakery was in january 2006

1 shop
the finishing of the hotel was in april 2006 ... it is in a very good condition ! ...
more or less new

...

Land size and possible extension
-----------------------------------
land size 460 sqm

possible

extension of 658 sqm with open permission for business
price : 97.000.- Euro ... check ovedahab

/realestate/estate7.htm

Aproximate revenue from the hotel
-------------------------------------
rental return

(50% occupation!) ..... 3525.- Euro ( higher rates in 3/2007 )
rental return bakery .........................1000.-

Euro
rental return shop ..............................300.- Euro

Expenses per year
-------------------

running costs ( staff, utilities, tax, ect ) 18.ooo.- Euro per year

--> rental return profit 3325.- Euro per

month

--> industrial property profit after tax yield = 9 %

potencial return over 12 month based on the

current market prices in Dahab
and previous years statistic average is 25% and more !

Booking rate
-----------

--
the hotel was opened in april 2 weeks before the bombing in Dahab ... the following month Dahab was empty and we closed

...
with the beginning of september we opened again ... the bakery was expected allready to be opened again and was

immediately running ... german taste and german quality :) ...
and the booking rate of the hotel cross the 70% mark in

this 3 month ...
in my opinion it will be easy to get a booking rate average from 70-80% over the year ... the `Alf Leila`

hotel is unique in Dahab ...
check .alfleila ...

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