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Annual turnover

  • Mandate: 30331
  • Added: 20 Aug 2019
  • AFS
  • 149

Character Country Hotel - Klein Karoo

Western Cape, Klein Karoo
Mandate 30331
Added 20 Aug 2019
R 8,100,000* ZAR
Stock: R 150,000
Assets: R 1,400,000
R 49,712 ZAR
Kutu Venter
Aldes Alpha
Western Cape
Western Cape

4-Star Country hotel located on the popular Route 62 for sale.

R 8,100,000* ZAR
Stock: R150,000
Assets: R1,400,000
R 49,712 ZAR

4-Star Country hotel located on the popular Route 62 for sale.

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Fully describe the business's activities?
This little 4-star country hotel showcases and celebrates Art in a big way. Aside from the eye-catching interiors and art works, much of it for sale, the art of wine making is celebrated with an Diners Club Award wine list. The Restaurant was a winner of the Klein Karoo Gourmand Restaurant Award, and is a member of the international gastronomic guild Chaine des Rotisseurs. It has also established itself as the home of Klein Karoo’s best live music and exclusive cullinary events venue.

How long has the business been established?
The Hotel was built in 1888 and has had various owners over the years.

How long has the owner had the business?
The current owner purchased the Hotel in 2011.

How are the clients attracted to the business?
The Hotel is situated on the popular and scenic Route 62 between Cape Town and the Garden Route which attracts local and international tourists. They are on Tripadvisor and clients are also attracted via their website and social media.

What Advertising/Marketing is carried out?
They advertise through social media and their website. They are also on Tripadvisor.

Does the business have any contract work?
Various Tour Operators support the hotel frequently, but there are no fixed contracts in place.

What competition exists?
There are B&B's and Guest Houses in the vicinity, but the Hotel offers a unique experience.

What are the seasonal trends?
The usual seasonality exists - busier during summer months, quieter during winter.

Is the business VAT Registered?
Yes, the business is VAT registered.

What VAT documentation is on file?
VAT returns are up to date and will be made available during Due Diligence.

Are there up-to-date Management Accounts available?
Up-to-date Management Accounts are on file.

How involved is the Owner in running the business?
The Hotel is run by a General Manager.

What are the main assets of the business?
Land and building Liquor licenses

The hospitality industry in the Western Cape is strong and growing. The business is well established and profitable. The Hotel is an iconic landmark on Route 62. Route 62 is a popular tourist attraction. CNN Travel has voted Route 62 as one of the 10 best road trip in the world.

The Hotel does not have to be run as a hotel per se, and can be converted to an exclusive Cookery School / Training College (for example). Tourism remains a huge opportunity to tap into as Route 62 is a quieter/safer and more scenic route than the N2 for tourists traveling to Oudtshoorn and the Garden Route.

What is the reason for the sale?
The current owners have another project they wish to pursue.

Why is this a good business?
The Hotel offers unique opportunities to an entrepreneur who wishes to make a change in lifestyle. As a Hotel, it is well-established, well-known, profitable, and well-run by a General Manager. A new owner does not have to be involved in the daily running of the business on a fulltime basis.

What is the price plus stock and the profit?
Asking price R7,950,000 Plus Stock +- R120,000 Lucrative Tour Group reservations in place

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