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  • Mandate: 30793
  • Added: 30 Dec 2016
  • 1817

Beautiful Wedding Venue and Lodge

Gauteng, Pretoria
1817
Mandate 30793
Added 30 Dec 2016
R 9,000,000* ZAR
Stock: R 0
Assets: R 9,513,057
R 31,033 ZAR
Holger Friedrichsen
(PRINCIPAL)
Aldes Atlantic
Western Cape
Western Cape
Summary

Located in idyllic surroundings this is a UNIQUE venue for your special occasion, whether it be a wedding, or a place to hide away from the hustle and bustle of the office and everyday life in general, without having to travel too far. Picture perfect gardens and water features with tranquil natural ponds and pools lends itself as an extraordinary setting for outdoor weddings should you choose. Don't miss this opportunity to make dreams come true.

SELLING PRICE
R 9,000,000* ZAR
Stock: R0
Assets: R9,513,057
R 31,033 ZAR
Summary

Located in idyllic surroundings this is a UNIQUE venue for your special occasion, whether it be a wedding, or a place to hide away from the hustle and bustle of the office and everyday life in general, without having to travel too far. Picture perfect gardens and water features with tranquil natural ponds and pools lends itself as an extraordinary setting for outdoor weddings should you choose. Don't miss this opportunity to make dreams come true.

To gain access to more business info
please supply us with your details below

Fully describe the business's activities?
Wedding and Conference venue with self-catering lodges

How long has the business been established?
Three and a half years

How long has the owner had the business?
Since inception

How does the business operate on a daily basis?
Wedding planing and bookings during the week. Functions and weddings over weekends. Holliday makers and guests in self catering lodges.

How are the clients attracted to the business?
Google Ads. Website. Word and mouth.

What Advertising/Marketing is carried out?
Google Ads. Website. Word and mouth.

Does the business have any contract work?
No

What competition exists?
Three other veues around Hartebeespoort dam and others in Muldersdrift area

What are the seasonal trends?
Weddings quiet Jun/Jul and Jan/Feb

Is the business VAT Registered?
No

Are there up-to-date Management Accounts available?
Yes

What percentage of the business is cash/credit?
100% Cash

How could the profitability of the business be improved?
More intensive advertising. Increase number of weddings during the year. Advertise accommodation for week-end break-aways and during the week. Diversify - Sunday entertainment (Live Music shows)

Is Seller finance available and for what amount?
No

What is the total staff complement?
Manager (Owner) plus 5 employess

Give a breakdown of staff/ functions/ length of service?
Varies between 2 and 4 years Owner (manager) Function manager Chef Sales and Marketing Gardener General workers x 2

Do any receive special perks or incentives?
Accomodation for some

Are they on contract?
Permanent employment

Do any have management potential?
Yes

How involved is the Owner in running the business?
On a Daily basis

What is the square meters of the business?
8.5 ha plot with beautiful gardens and surroundings. Venue, Lodges, Chapel and House around 2,000 square meters.

What lease deposit and/or other surety is required?
N/A

What are the main assets of the business?
Full asset list available

Are any items not included in the sale?
Only personal assets of owner in house. (Furniture etc.)

What is their overall condition?
Good. In daily use

Do any require repairing?
No

How have they been valued ?
Yes. By owner on replacement value

What are their settlement amounts?
N/A

Are they presently insured?
Yes

Strengths?
Unique Setting Close to Hartebeespoort dam, Brits, Pretoria and Johannesburg. More than 50 five star ratings on website of "SA Venues" Easy access from main routes (N4, R511 and R104)

Weaknesses?
Lack of appropriate marketing

Opportunities?
Accommodation during the week. Number of weddings can increase a lot. Diversify..... Entertainment with live music on Sundays Corporate functions during the week and on week-ends.

Threats?
None

What is the reason for the sale?
Owners are unable to give the business the focus and attention it requires due to other obligatings.

Why is this a good business?
Beautiful surroundings and gardens Close to Hartebeespoort dam, Pretoria and Johannesburg. Venue and lodges very well laid out with opportunity to expand. Great opportunity to diversify and grow the business into a well known venue.

What is the price plus stock and the net profit?
Selling price is R9 million negotiable

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FRANCHISE DETAILS

Aldes Atlantic

5 members
23 active mandates
Western Cape
33 Montague Drive
7441

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