Fully describe the business's activities?
The 3 properties consist of an executive 4 bedroomed family home, Bed & Breakfast, Managers Cottage and 4 staff quarters. The cozy B&B is separate from the main house, and has 8 comfortable double, and 2 self catering non smoking rooms. The B&B offers quality accommodation, fitted with fine percale linen and luxury amenities in the bathrooms. All rooms are en suite, with well stocked tea trays, DSTV, air-conditioning and ceiling fans. Facilities include: Secure Parking FREE wireless Internet access. Swimming Pool Tennis Court Trampoline Barbeque facilities DSTV in all rooms Private dining room Laundry facility Tea/coffee trays in all rooms Dinner available on request The executive family home has a beautiful garden on the edge of an indigenous forest. It has 4 large bedrooms, 2 of which are ensuite, formal lounge, TV lounge with under floor heating and a fireplace. Dining room, office, Bar / pool room, Fully equipped gym, Entertainment area with built in braai / pizza oven. Built in vacuum cleaner system through out the house. the property is securely walled with automated gates; it has an irrigation system for the garden.
How long has the business been established?
The owner acquired the property 13 years ago when the B&B was opened.
How does the business operate on a daily basis?
The business has been manager run for the last 3 years.
How are the clients attracted to the business?
The B&B has an excellent reputation with repeat clients.
What Advertising/Marketing is carried out?
The B&B has a website and is featured on many tourism and accomodation websites.
Does the business have any contract work?
There is no contract work.
What competition exists?
There are +- 18 other B&B's in the area however it is a very popular tourist destination.
What are the seasonal trends?
The B&B is busy all year and not affected by the holidays.
Is the business VAT Registered?
The business is VAT registered.
Are there up-to-date Management Accounts available?
Financials are available for qualified buyers.
What percentage of the business is cash/credit?
+- 10% is cash, balance is EFT / Card.
What is the age analysis of the debtors book?
Agents vouchers systems pay on 30 days.
How could the profitability of the business be improved?
Increased marketing would improve the occupational rate. There is an opportunity to cater for conference and to convert the executive home into a B&B.
What is the total staff complement?
There are 6 employees in total who run the business. There is a mangeress, 1 cook, 2 gardeners and 2 B&B assistants.
Do any receive special perks or incentives?
Are they on contract?
All staff have contracts.
Do any have management potential?
yes, other staff have management potential.
How involved is the Owner in running the business?
The owner overseas the manager on a day to day basis to help with accounting, VAT & PAYE.
What are the trading hours?
06:00 - 20:30 7 days a week.
What is the square meters of the business?
The total size of the properties are: Executive Home 640m2 (land 7888m2) B&B 500m2 Managers Cottage133m2 set on 2000m2 Staff quarters 150m2 (land 1662m2 )
Do you require a licence?
What are the main assets of the business?
All furniture and fittings are included in the sale as per the asset register.
What is their overall condition?
The overall condition is good.
How have they been valued ?
Items have been valued at second hand replacement value.
Are they presently insured?
The properties are insured.
The business is very well established and has an excellent reputation. There is an opportunity to grow the business.
Introduce conference facilities. Host corporate team building events.
No known threats perceived.
What is the reason for the sale?
The owner is relocating.
Why is this a good business?
The business is manager run, well marketed, has an excellent name.
What is the price plus stock and the net profit?
Selling price for 3 properties and B&B business is R9600000.
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