Is the business VAT Registered?
The business forms part of a group of companies who are VAT registered.
Are there up-to-date Management Accounts available?
The seller provides monthly occupancy figures. Additional income figures for conference facilities, transport and extra meals for lunch and dinner is provided and on file.
What Balance Sheet and Income Statements are available?
Financial statements for the period ending 28 February 2016 are on file.
What is the age analysis of the debtors book?
Clients pay either by EFT or swipe at their credit card machine. Very little notes/cash is received.
Is Seller finance available and for what amount?
The seller is open to negotiations and a buyer will have an option to buy all 4 guest houses and the operating company.
How could the income of the property be increased?
Marketing to corporate clients to book for conferences where delegates need to stay in.
This guest house is situated in between UJ and Wits Universities, next to SABS, Media 24 and Nedcare Rehabilitation Center where family members seek accommodation and transport.
What is the monthly rates and taxes payable to local authority?
Average of R11,940 is paid which includes rates and taxes, water, electricity and Pickitup.