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  • Mandate: 32544
  • Added: 14 Jan 2019
  • AFS
  • 705

A charming, iconic guest house, restaurant and coffee shop

Western Cape, West Coast
705
Mandate 32544
Added 14 Jan 2019
R 6,995,000* ZAR
Stock: R 45,000
Assets: R 6,400,000
R 51,342 ZAR
Kutu Venter
(PRINCIPAL)
Aldes Alpha
Western Cape
Western Cape
Summary

Beautiful property and lucrative business situated in a small town on the West Coast, about 90 minutes from Cape Town. Financially solid and lovingly cared for for 21 years by original owners. A polished gem, offering a magical, lucrative lifestyle for an imaginative, prospective buyer.

SELLING PRICE AFS
R 6,995,000* ZAR
Stock: R45,000
Assets: R6,400,000
R 51,342 ZAR
Summary

Beautiful property and lucrative business situated in a small town on the West Coast, about 90 minutes from Cape Town. Financially solid and lovingly cared for for 21 years by original owners. A polished gem, offering a magical, lucrative lifestyle for an imaginative, prospective buyer.

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How long has the business been established?
The current owners built the Guest House with restaurant during 1997 and the business has been operational since October 1997.

Fully describe this property and its income earning activities.
The business is owner run and there are 3 income streams: Accommodation, Restaurant and Coffee Shop / Pancake House. * Accommodation - 4 beautifully decorated bedrooms, each with a fireplace - Bed & Breakfast. * The intimate and cosy evening restaurant - open later during the day and evening with liquor licence. * The much lighter coffee shop / pancake house with a different ambiance - open for breakfast, lunch and teas.

What is the zoning of the property and what can be developed thereon?
It has business rights.

Are there building plans available?
Yes there are building plans available.

What is the erf size and the size of the buildings?
The erf size is 850 sqm Size of the buildings 550 sqm

How are the clients attracted to the business?
A firmly established and well loved business with a website. Member of SA Star Grading Council, Booking.com, Travel Ground, Trip Advisor, Airbnb.

What Advertising/Marketing is carried out?
Advertising / Marketing - website, specials, Facebook, Tourism, listing in local publications, Internet.

Does the business have any contract work?
Schools, Travel Agencies, Companies and Municipalities regularly make use of the Guest House for stay over for work and team building.

What competition exists?
Rated Top Restaurant on Trip Advisor and the only fine dining restaurant in the area. There are three other casual restaurants at night and two coffee shops.

What are the seasonal trends?
Quiet season: May, June and July. However, deposits for the flower season and Festive season are paid. Peak season: Easter, long weekends, flower season and the Festive season.

Is the business VAT Registered?
The business is not VAT Registered.

What is the total staff complement?
The day to day operations are run by the owners, one is a chef. 2 staff members responsible for cleaning and worker is the garden.

Are they on contract?
All staff members are permanently employed.

How involved is the Owner in running the business?
100% which give an enormous personal touch appeal.

What are the trading hours?
Trading Hours: Closed Thursdays Monday - Friday 09:00 - 17:00 & 19:00 - 22:00 Saturday - Sunday 09:00 - 15:00 & 19:00 - 22:00

Strengths?
On offer: Accommodation with popular restaurant and coffee shop on same premises. Easy, accessible location. Nearest restaurant to people in caravan park. Personal attention to customers and guests.

Weaknesses?
No sea view from ground floor.

Opportunities?
The upper floor in the main building can be used to extend the restaurant. The owners used to live there but currently it is under utilized. Acoustics excellent in restaurant for small, intimate live shows. A lady's bar.

Threats?
No threats experienced at all.

What is the reason for the sale?
The sellers have built the property, the business and had it for 21 years. They feel that it is time to explore other possibilities.

Why is this property a good investment?
The time, effort and love that the sellers have invested in both, the Guest House and Restaurant has made it a popular destination to eat and stay over. This is an ideal opportunity for a chef looking for a lifestyle change. All facilities in place and this Ship just needs another energetic Skipper who, can actually live on the premises like the sellers did. Located in a popular town on the West Coast.

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FRANCHISE DETAILS

Aldes Alpha

2 members
12 active mandates
Western Cape
Galleon Beach, Pelican Parade
7530

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