Is the business VAT Registered?
This business forms part of a group which is VAT registered.
Are there up-to-date Management Accounts available?
The seller provides monthly occupancy figures.
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?
The guests pay via EFT or swipe on the credit card machine. A small percentage (10%) of the guests pay in cach/notes.
Is Seller finance available and for what amount?
The seller is open to negotiations as the other 3 guest houses in the group as well as the operating/holding company is also for sale.
How could the income of the property be increased?
More advertising to increase the occupancy.
What is the monthly rates and taxes payable to local authority?
Average monthly rates and taxes, water and lights and Pickitup is R12,500