Fully describe the business's activities?
Secure luxurious Guesthouse situated on the side of mountain overlooking the central business district. This business mainly serves the local mining and on occasion tourism industries. The Guest House consist of the following: 11 Bedrooms 7 Bedrooms with en-suite shower and toilet 3 Bedrooms with en-suite bath, shower and toilet Lounge TV Room Dining Room Open Plan Kitchen Swimming Pool Bar & Boma Conference Room Air-conditioning Secure Parking (Double carports). On site armed security.
How long has the business been established?
Established in 2015.
How long has the owner had the business?
Owner started the business in 2015.
How does the business operate on a daily basis?
Business function as Guesthouse offering breakfast, lunch and dinner to suit specific customer requirements. Typical clients consist of mining contractors staying during the week days. Guesthouse is operationally managed by manager with the owner responsible for the financial management. An excellent reputation ensures many return/repeat customers. The unique location differentiate this guest house from the other competition and ensures customers have a special experience. Conference facility (which usually includes lunch), add to the unique features of this guesthouse.
How are the clients attracted to the business?
Return/repeat business. Guesthouse runs a website for bookings online.
What Advertising/Marketing is carried out?
None at this stage.
Does the business have any contract work?
What competition exists?
Other lodging establishments in town.
What are the seasonal trends?
Quiter during mid-December.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Management account available on request. Monthly turnover of R150k as indicated by owner.
What Balance Sheet and Income Statements are available?
What percentage of the business is cash/credit?
Most paid via EFT.
How could the profitability of the business be improved?
Focus on special events, ideal for: Small weddings, Bridal showers, Kitchen-Tea
Is Seller finance available and for what amount?
What is the total staff complement?
Owner to confirm status, to be made available on request.
Do any have management potential?
Operational manager in place.
How involved is the Owner in running the business?
Owner responsible for the financial management.
When does the current lease end?
Property is included in the sale: Size: 1,0814 ha Guest House : 667.22 square meter Pool: 76.6 square meter Boardroom: 41 square meter
Do you require a licence?
Yes, letter from local municipality in place to trade as a guesthouse. Property registered as residential.
What are the main assets of the business?
Equipment estimated at R800k, to be confirmed by owner.
Are any items not included in the sale?
What is their overall condition?
Do any require repairing?
No, normal ongoing maintenance as required.
Excellent and unique location. Established customer base (repeat business). Up-marked fittings and finishes in good condition.
No marketing being done.
Focus on special events like Small weddings, Bridal showers, Kitchen-Tea
General volatility of the mining industry could have a negative impact.
What is the reason for the sale?
Owner is planning to relocate to a different province to further other existing business interest and wants to sell this property/business.
Why is this a good business?
Established business with excellent facilities and location. Trained staff and manager in-place will ensure smooth transition.
What is the price plus stock and the net profit?
Selling price R 5,912,500
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Annual Turnover Amount between R 500 thousand and R 6 million