Fully describe the business's activities?
An events, function and wedding venue in the Overberg that also doubles up as a restaurant & country pub.
Fully describe this property and its income earning activities.
Business activities have been scaled down for a number of reasons and there is currently no significant business operations other than the selling of bric-a-brac and antiques. Perfect as the ultimate venue for weddings, functions and launches, conferences, events, festivals, restaurant and pub, theater and dancing (all of which was done) or suitable for developing into a business emporium.
What is the approximate age of the buildings?
Over time the buildings were expanded, with the oldest being 80 years old. All buildings are well maintained.
What is the zoning of the property and what can be developed thereon?
Before consolidating them, the original 2 erven were business 1 & -2 zoned. This consolidated erf can be sub-divided into 3 erven, 2x commercial and 1x residential.
Are there building plans available?
Building plans of the property are being produced as âAs Builtâ to indicate the changes made.
What is the erf size and the size of the buildings?
Prime stand of 2254 sqm (2 commercially zoned erven) with the main building of 485 sqm.
Is a property valuation available?
A valuation will be made available to qualified buyers.
How long has the business been established and has the owner owned it?
The current owner bought the property in 2011 and started (re-)developing the site and establishing various businesses.
What is the square meters of the business?
Prime stand of 2254 sqm (2 commercially zoned erven) with the main building of 485 sqm. Main Building = 485,6 sqm with pergola (71,40 sqm), outside bar (35 sqm), store area (18sqm) and covered patio (88,70sqm).
How does the business operate on a daily basis?
The seller will make available information of past businesses and markets catered for plus a suggested going-forward plan.
What Advertising/Marketing is carried out?
All past advertising- and marketing campaigns and strategies to be shared with prospective buyers.
Is the property being let by a letting agency?
The property is operated and utilized by the owners.
Are there up-to-date Management Accounts available?
On request, the seller is prepared to share financials of the businesses that were in operation in the period 2011 to present, with serious buyers.
How could the profitability of the business be improved?
Perfect as the ultimate venue for weddings, functions and launches, conferences, events, festivals, restaurant and pub, theatre and dancing or even a business emporium. There is also the possibility of residential development on a (to be) sub-divided stand.
Is Seller finance available and for what amount?
No seller finance is available.
How could the income of the property be increased?
Information, including financial data, on businesses operated on the property can be shared with serious buyers.
What is the total staff complement?
All staff obligations have been / will be met prior to the selling of the property. Contacts will be made available to new owners.
How involved is the Owner in running the business?
The owner was 100% involved in the running of the businesses.
What are the main assets of the business?
The property (stands and buildings) is to be sold. Other assets such as e.g. restaurant equipment and stock can be included depending on negotiations. There is a value to the goodwill associated with the previous businesses.
Are they presently insured?
Not applicable? Important
â¢ Prime property well-located in extremely popular country destination â¢ Improvements (building, garden, etc) with enormous scope for application thereof â¢ Possibility of residential development on (to be) sub-divided property. â¢ Untapped market â¢ The opportunity to build something of your own
â¢ Time and cost associated with new businesses â¢ Economic climate
â¢ Untapped market â¢ Rationalize the business model â¢ Separate (and complimenting) business entities
â¢ Economic climate
What is the reason for the sale?
Owners retiring from this type of business to take on new challenges.
Why is this a good business opportunity and why is this property a good investment?
â¢ Extremely sought-after property that does not come on the market often â¢ Good lifestyle â¢ Country venue with untapped potential â¢ Financially viable prospects â¢ Define your own destiny
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Annual Turnover Amount between R 500 thousand and R 6 million