This apartment offers a variety of fully furnished rooms, including budget rooms, deluxe/studio
rooms, and spacious apartments. The property features a functional restaurant with a small bar,
pizza, and barbeque areas, as well as a pool with a newly renovated deck and stunning views. The
well-established garden, filled with exotic fruit trees, adds a touch of tranquility. Additionally, the
pool deck and garden provide opportunities for hosting exclusive events. With a trained team
managing the property independently, Peponi Living Spaces ensures a seamless guest experience
with minimal supervision required.
Rooms in the building:
a. Five- Budget Rooms
b. Four Deluxe/Studio Rooms
c. Six Three Bedroom Apartments,
d. Three 2-Bedroom Apartments
All rooms are furnished and fully functional.
* One of the apartments are currently being used as the reception however it can be claimed
backed for rent very easily.
* Fully functional restaurant serving breakfast, lunch and dinner with a small bar, pizza and
barbeque areas.
* Pool with a newly renovated deck and super views.
* The building has been modified to use modern hybrid solar + heat pump water heating
system to reduce total power consumption.
* Apart from the trained team running the property we also have a trained team familiar with
the property on call for maintenance.
* Fully trained team independently managing the property with minimal supervision.
* Well established garden specially populated with exotic fruit trees
* The pool deck and garden bring in extra revenue for hosting small exclusive events like
proposals, birthday parties etc.
* The property has been approved and enjoys preferential electricity rates for the hospitality
sector. This is a process that takes over 5 months and adds value to the property.
* The building has Wi-Fi and Security systems installed.
* It has an established laundry protocol and cleaning team with a supervisor.
Financial Offer:
1. We are asking for 3,640,000,000 RWF) for the property with adjacent undeveloped land units. The
property will have around 5800M2 of land area. In this around 4000 SQM can be further
developed. We are also willing to accept (2,800,000,000 RWF) just for the land the property is on.
(Land areas 2494SQM additional one building can be built where the pool and restaurant is
now. ) NB: It is not possible to purchase land separately; it is sold only as part of the property.
2. The price is given assuming that the buyer will be able to cooperate with the seller for the
most tax efficient transaction. If the buyer has limitations on these the price will need to
reflect the excess tax burden the seller will incur.
3. The price is quoted as of May 2024.
Current Financial overview:
The business generates an average of 308,000,000 RWF – 350,000,000 RWF in sales annually. This steady income
stream highlights the stability and reliability of the business model.
Average sales (Avg number over 6 years)
January 23,800,000 RWF
February 25,200,000 RWF
March 25,200,000 RWF
April 26,600,000 RWF
May 26,600,000 RWF
June 29,400,000 RWF
July 29,400,000 RWF
August 29,400,000 RWF
September 28,000,000 RWF
October 23,800,000 RWF
November 25,200,000 RWF
December 25,200,000 RWF
Total 317,800,000 RWF
Conclusion:
This apartment not only offers a sound investment opportunity in its current form but also.
presents significant future potential. With a growing demand for rooms in the Kagugu area and the
property’s capacity for expansion, the business is well-positioned for further growth.
Currently, the property experiences a consistent shortage of rooms throughout the year, indicating
an underserved market. Included in the offer is an additional area that could accommodate the
construction of up to six floors, increasing the capacity of the property significantly.
To illustrate the potential of this expansion, consider a conservative estimate where an additional 18
to 20 rooms are added on 2 floors.
These new rooms could generate substantial revenue. Based on the average room rent of 56,000 RWF per room
room, after accounting for direct expenses, we conservatively estimate a net income of 44,800 RWF per room
per day. This equates to an additional annual revenue of 175,000,000 RWF to 196,000,000 , calculated as 44,800 times 0.6 (considering 60% occupancy current occupancy is over 85%) times 365 days times the
number of rooms.
Accompanying this surge in revenue would be only a modest increase in annual expenses, projected
to be between 7,000,000 RWF and 8,400,000 RWF . This is because all primary infrastructure and expenses are
already covered. That is adding just 20 rooms can bring in an additional profit before taxes in tune of
168,000,000 RWF . (Around 8,400,000 RWF per room annually with potential foe adding up to 60 rooms or
more)
The fact that all basic work for this strategic expansion is already in place enhances the appeal of
Peponi Living Spaces, turning it into an even more attractive investment opportunity.
To conclude, Peponi Living Spaces is more than just a business – it’s a thriving, self-sustaining
establishment that has been skillfully managed and maintained. Currently, the business operates
profitably with minimal intervention, testament to the efficiency and dedication of its well-trained
staff. The quality of service offered by the team can be corroborated by numerous public reviews
available on various platforms, reflecting the business’s exceptional reputation and customer
satisfaction. Beyond its present success, Peponi Living Spaces holds tremendous potential for growth. The current
owners have made strategic land acquisitions that provide room for significant expansion. The
property’s location further enhances its appeal, situated in an area where the demand for rooms
often exceeds the supply.
In essence, investing in Peponi Living Spaces is not just about acquiring a property, but stepping into
a successful business with a solid track record and substantial growth potential. Whether you’re a
seasoned investor or exploring opportunities in the sector, This property represents a unique
offering in the market.
