Sectors / Category

Annual turnover

|
  • Mandate: 30872
  • Added: 01 Feb 2017
  • 1035

Mining Town Guesthouse

Northern Cape, Northern Cape
1035
Mandate 30872
Added 01 Feb 2017
R 10,000,000* ZAR
Stock: R 0
Assets: R 0
R 122,500 ZAR
Richard Jones
Aldes Atlantic
Western Cape
Western Cape
Summary

Profitable guesthouse in small mining town

Mining Town Guesthouse
SELLING PRICE
R 10,000,000* ZAR
Stock: R0
Assets: R0
R 122,500 ZAR
Summary

Profitable guesthouse in small mining town

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

Fully describe the business's activities?
Guesthouse servicing mining employees. Restaurant and Guesthouse combination.

How long has the business been established?
5+ Years

How long has the owner had the business?
5+ Years

How does the business operate on a daily basis?
Guesthouse, clean bedrooms, provide meals at restaurant for guests.

How are the clients attracted to the business?
Long term clients from local mine

What Advertising/Marketing is carried out?
None

Does the business have any contract work?
yes, 80% long term contract work

What competition exists?
Other guesthouses in the area

What are the seasonal trends?
Non seasonal because of long term contracts

Is the business VAT Registered?
Yes

What VAT documentation is on file?
VAT documentation on request. All records for last 5 years

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

What Balance Sheet and Income Statements are available?
Financial year 2016

What percentage of the business is cash/credit?
90% EFT

What is the age analysis of the debtors book?
NA

How could the profitability of the business be improved?
Build more rooms, upgrade to rooms currently not being utilized fully

Is Seller finance available and for what amount?
No

What is the total staff complement?
7 staff

Give a breakdown of staff/ functions/ length of service?
Cleaners, cooks, general workers, manager

Do any receive special perks or incentives?
No

Are they on contract?
Yes

Do any have management potential?
No, owner managed

How involved is the Owner in running the business?
Daily involvement

When does the current lease end?
Property is owned outright

Is there an option of renewal & what period?
NA

What is the annual escalation %?
NA

What are the trading hours?
24/7

Is a copy of the lease available?
NA

Do you require a licence?
Yes, liquor lisence

What lease deposit and/or other surety is required?
NA

What are the main assets of the business?
Buildings, irrigation systems,

Are any items not included in the sale?
Vehicles not included.

What is their overall condition?
As good as new

Do any require repairing?
Normal maintenance

How have they been valued ?
Valuation 2014 as well as owner valued

Which assets are on lease/HP and with whom?
NA

What are their settlement amounts?
NA

Will Seller settle or Buyer to take over?
NA

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Local mine

Opportunities?
Expand by building more rooms and or renovating existing rooms to achieve better rates

What is the reason for the sale?
Owner relocating and retiring

Why is this a good business?
Solid contract work from local mines. Can expand if needed.

What is the price plus stock and the net profit?
R10,000,000 purchase price Net profit of R1.5 million per annum. Includes property

Other listings by Richard
R 11.50MZAR
Franchise
Added : 24 Jul 2018 204
Yearly profit : R4,676,305
Western Cape
R 275KZAR
Added : 11 Jun 2018 226
Yearly profit : R156,000
Western Cape
R 13.50MZAR
Added : 24 Apr 2018 336
Yearly profit : R0
Eastern Cape
FRANCHISE DETAILS

Aldes Atlantic

6 members
39 active mandates
Western Cape
33 Montague Drive
7441

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 13.50MZAR
Added : 24 Apr 2018 336
Yearly profit : R0
Eastern Cape
R 7.15MZAR
Added : 24 Sep 2015 1253
Yearly profit : R409,459
Limpopo
R 10.00MZAR
Added : 12 Mar 2014 1332
Yearly profit : R676,301
KwaZulu-Natal

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.05MZAR
Added : 17 Sep 2018 34
Yearly profit : R263,895
Gauteng
R 1.40MZAR
Franchise
Added : 14 Sep 2018 84
Yearly profit : R322,224
Gauteng
R 1.90MZAR
Added : 12 Sep 2018 101
Yearly profit : R1,082,396
Gauteng
R 510KZAR
Franchise
Added : 3 Sep 2018 172
Yearly profit : R244,588
Gauteng
R 550KZAR
Added : 2 Sep 2018 312
Yearly profit : R614,067
Gauteng
R 1.30MZAR
Franchise
Added : 31 Aug 2018 222
Yearly profit : R510,646
Gauteng
R 1.67MZAR
Added : 30 Aug 2018 365
Yearly profit : R1,410,081
Gauteng
R 790KZAR
Added : 30 Aug 2018 189
Yearly profit : R286,467
Gauteng