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  • Mandate: 28929
  • Added: 29 Sep 2016
  • 1202

Beautiful and Tranquil - Guest House & Property (Conference) - North Coast

KwaZulu-Natal, North Coast
1202
Mandate 28929
Added 29 Sep 2016
R 4,500,000* ZAR
Stock: R 5,000
Assets: R 4,050,000
R 31,382 ZAR
Werner Angell-Schau
(PRINCIPAL)
Aldes Zululand
KwaZulu-Natal
KwaZulu-Natal
Summary

Set in a beautiful forest part of the coast line on the East Coast. Quite, tranquil and very unique style of architecture makes this lodge shine beyond the rest. It's has been build by the owner himself that has been in the building industry for many years and is NHBRC registered. Structure is solid and well build.

SELLING PRICE
R 4,500,000* ZAR
Stock: R5,000
Assets: R4,050,000
R 31,382 ZAR
Summary

Set in a beautiful forest part of the coast line on the East Coast. Quite, tranquil and very unique style of architecture makes this lodge shine beyond the rest. It's has been build by the owner himself that has been in the building industry for many years and is NHBRC registered. Structure is solid and well build.

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Is a property valuation available?
The current valuation for the property indicated by the local Banks and estate agents is R 3 800 000.00

What Advertising/Marketing is carried out?
The lodge is listed with the Tourism Grading Board, This lodge is also listed with most of the major marketing agents on the web and has its own very well constructed web site

Is a copy of all the lease agreements on the property available?
The property is owned by the current owner. Property has been paid for

Is the business VAT Registered?
No has not been necessary.

Are there up-to-date Management Accounts available?
Yes all available to interested and serious buyers

What Balance Sheet and Income Statements are available?
All up to Date and available to serious buyers

What is the age analysis of the debtors book?
None

Is Seller finance available and for what amount?
Seller will consider a small percentage on the business side of the deal on a short term.

How could the income of the property be increased?
The lodge can be marketed more in the corporate field. The lodge presents a comfortable venue with a conference facility. The current owner runs more that two businesses and more focus attention will increase business and Nett Profits.

What is the monthly rates and taxes payable to local authority?
R 1095.00

How involved is the Owner in running the business?
The lodge is currently run by the Husband and Wife Husband 10% of his time Wife 50% of her time

Do you require a licence?
Liquor License

Are any items not included in the sale?
All furniture (fixtures & fittings Valued at R 450 000.00), Equipment and fitting included as per assets lists.

What is their overall condition?
Excellent good working condition

Do any require repairing?
None all in excellent condition and regularly maintained.

How have they been valued ?
Accountant

Are they presently insured?
Yes all insured with comprehensive cover

Is a full asset list on file?
Yes

Strengths?
Set in a beautiful forest part of the coast line of the East Coast. Quite, tranquil and very unique style of architecture makes this lodge shine beyond the rest. Its has been build by the owner himself that has been in the building industry for many years and is NHBRC registered. Structure is solid and well build.

Weaknesses?
The owners are in retirement stage of their lives and would like to settle. The owner has other business commitments and does not have too much time to invest in the Lodge.

Opportunities?
The lodge can be marketed and more focus can be given to the corporate world in the area. The lodge is not running to full capacity but has shown a very steady increase in business over the years. Dinners can also be incorporated and be served to the guest as no dinners currently served.

What is the reason for the sale?
Owners run three businesses, the wife runs the lodge and her health is not in a good condition, therefore owners decided to put into the market place.

Why is this property a good investment?
Property is setting in a sort after area, well build and accommodation is always needed in this part of the east coast.

What is the asking price?
R 4 500 000.00 all inclusive, Property, business, fixtures and fittings included...

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FRANCHISE DETAILS

Aldes Zululand

1 members
46 active mandates
KwaZulu-Natal
28 Bronze Street
3880

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