How does the business operate on a daily basis?
Regular clients call in for a booking via telephone or email. Each guest has their own entrance , remote and keys. TV , lounge and home cooked meals are a winner. The owner stays on the premises for easy management. This however can be converted into more rooms for guests if so desired.

How are the clients attracted to the business?
The location , service and the affordability .

What Advertising/Marketing is carried out?
Social Media Web Adverts Travel Ground Safari word of mouth

Does the business have any contract work?
None. It could be a rewarding possibility for the buyer .

What competition exists?
Competition is all around. With the diversity and range of guesthouses , there is a place for every individual depending on the type of accommodation and price required.

What are the seasonal trends?
The business occupancy is stable throughout the year with the exception of December and January including Easter holiday season. The guest house is mainly occupied by business representatives , corporate institutions , contractors and regular clientele.

Is the business VAT Registered?
NOT VAT Registered

Are there up-to-date Management Accounts available?
The business operates on a guest house booking system.

What Balance Sheet and Income Statements are available?
Financial Statements for 2015/2016

What percentage of the business is cash/credit?
Most payments are made via EFT & Cards

What is the age analysis of the debtors book?
None

How could the profitability of the business be improved?
Yes . Most certainly . Possibility of Retirement Village development or regular accomodation.

What is the total staff complement?
2 Staff plus Owner

Give a breakdown of staff/ functions/ length of service?
Domestic to clean guesthouse - R2800 + taxi fare + 1 meal per day Gardener - R150 per day. I meal per day

Are they on contract?
Yes on contract

How involved is the Owner in running the business?
Owner is very involved in the business . The bookings , accounts , purchases , supervision, marketing and making of breakfast .The owner feels that a personal touch is needed to keep guests coming back. After a long day guests want to enjoy a relaxed homely atmosphere , friendly conversation and quiet time.

When does the current lease end?
Owner of the property

What are the trading hours?
Trading hours are : Monday to Sunday 6:30am to 9pm 6:30am to 8pm 7 pm supper is served

What is the square meters of the business?
1900m2 - no room for further expansion

Do you require a licence?
Guest House license registered by the Local municipality No Grading . Listed Guesthouse .

What are the main assets of the business?
See Asset list on file including the property

Are any items not included in the sale?
Only sentimental items are excluded.

What is their overall condition?
Satisfactory condition

Do any require repairing?
Regular maintenance is required to keep the buildings and rooms in top form condition

How have they been valued ?
Property Valuator

Are they presently insured?
Yes with Outsurance

Strengths?
Strengths : 1. Atmosphere relaxing and homely 2. Food of good quality and sizable food portion size 3. Affordable

Weaknesses?
Weakness : 1. Economy 2. Advertising "board " visibility to attract more clients from the main road

Opportunities?
Opportunities: 1. Senior lodging - retirement village

What is the reason for the sale?
Owner would like to retire & spend quality time with family

What is the price plus stock and the net profit?
R2.7 million including property