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  • Mandate: 30937
  • Added: 28 Feb 2017
  • 1167

GuestHouse & Property 1900m2

Mpumalanga, Highveld
1167
Mandate 30937
Added 28 Feb 2017
R 1,900,000* ZAR
Stock: R 0
Assets: R 3,000,000
R 26,395 ZAR
Angela Smith
(PRINCIPAL)
Aldes Middelburg
Mpumalanga
Summary

The warm inviting atmosphere , cleanliness , garden and privacy attracts the guest to find a haven of peace after a long day. The tasty home cooked meals & friendly company makes supper time a moment to look forward too. Breakfast is served and powered to keep you energised throughout the day. Future development can take effect with transforming into a retirement village or regular accomodation. Good location requires marketing and exposure.

SELLING PRICE
R 1,900,000* ZAR
Stock: R0
Assets: R3,000,000
R 26,395 ZAR
Summary

The warm inviting atmosphere , cleanliness , garden and privacy attracts the guest to find a haven of peace after a long day. The tasty home cooked meals & friendly company makes supper time a moment to look forward too. Breakfast is served and powered to keep you energised throughout the day. Future development can take effect with transforming into a retirement village or regular accomodation. Good location requires marketing and exposure.

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Fully describe the business's activities?
A home away from home . Established more than 10 years ago. Situated in a residential area with easy access to the CBD. Supermarket and other amenities located within walking distance . The guest house is supported by corporate & business people from Jhb and Pta , tourists en-route to other destinations.

How long has the business been established?
Established in 2006

How long has the owner had the business?
The Owner initiated the guest house with section by section improvements. Due to the demand for accommodation , the Owner improved and extended the guest house with additional rooms. Currently 8 rooms with shower facilities & bathroom ensuites . Bar Fridge, TV, DSTV, breakfast included. Dinner on request. Lunch packs on request.

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

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FRANCHISE DETAILS

Aldes Middelburg

1 members
11 active mandates
Mpumalanga
3 Sering Street, Kanonkop
1095

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