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Annual turnover

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  • Mandate: 32598
  • Added: 03 Dec 2018
  • AFS
  • 77

Hawklee Country Guesthouse in the beautiful Midlands of KZN.

KwaZulu-Natal, KwaZulu-Natal Midlands
77
Mandate 32598
Added 03 Dec 2018
R 7,520,000* ZAR
Stock: R 20,000
Assets: R 3,483,373
R 11,534 ZAR
John Londal
Aldes Accolade
KwaZulu-Natal
KwaZulu-Natal
Summary

Hawklee Guesthouse is a 3-Star thatched Guesthouse situated about 13 kms from Nottingham Road on a 5 hectare property where the Lions River transverses the property. The Guesthouse and 6 cottages overlooking the river offer exceptional accommodation in a tranquil setting. The refurbished cottages have airconditioning, queen size beds, en suite spa bath, TV and luxurious furnishings. A 7th self catering cottage is designed for the disabled. The main Guesthouse has lounge, diningroom and pub for guests.

SELLING PRICE AFS
R 7,520,000* ZAR
Stock: R20,000
Assets: R3,483,373
R 11,534 ZAR
Summary

Hawklee Guesthouse is a 3-Star thatched Guesthouse situated about 13 kms from Nottingham Road on a 5 hectare property where the Lions River transverses the property. The Guesthouse and 6 cottages overlooking the river offer exceptional accommodation in a tranquil setting. The refurbished cottages have airconditioning, queen size beds, en suite spa bath, TV and luxurious furnishings. A 7th self catering cottage is designed for the disabled. The main Guesthouse has lounge, diningroom and pub for guests.

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Fully describe the business's activities?
Guest house - dinner, bed and breakfast and lunches included.

How long has the business been established?
25 years

How long has the owner had the business?
7.5 years

How does the business operate on a daily basis?
The husband and wife team are fully involved in running all aspects of the guest house and large property. The property has a beautiful water frontage. Walking paths have been developed and a cycle path is in the process of being developed.

How are the clients attracted to the business?
Web site, facebook, Booking.com, Trivago, Expedia, Safari and others.

What Advertising/Marketing is carried out?
Facebook, web page, magazines and Midlands Meander

Does the business have any contract work?
No

What competition exists?
There is no real competition as there are no licenced establishments like this guest house in the area.

What are the seasonal trends?
Weekends and school holidays tend to be busiest periods

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All VAT documentation is on file.

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
The Annual Financial Statements for year ended February 2018.

What percentage of the business is cash/credit?
All transactions are cash or credit card.

How could the profitability of the business be improved?
Establish and advertise the guest house as a wedding venue and conference centre. Open the restaurant to the public.

Is Seller finance available and for what amount?
No

What is the total staff complement?
4

Give a breakdown of staff/ functions/ length of service?
Three ladies clean cottages and one lady also cooks. All have between 3 months and 3 years service. One gentleman is responsible for maintenance and gardening. He has 2 years service.

Do any receive special perks or incentives?
No

Are they on contract?
Letters of appointment.

Do any have management potential?
No

How involved is the Owner in running the business?
Full time involvement.

What are the trading hours?
24 hours

What is the square meters of the business?
Land 4.95 hectares. Under roof 873sq mt

Who is the Owner/Landlord?
Deane and Belinda Lentz

Do you require a licence?
Liquor licence. Samro licence. TV licence.

What are the main assets of the business?
The main guest house, 7 cottages and other out buildings, and the furnishings in each of the cottages.

Are any items not included in the sale?
Owners personal items which will be pointed out to a potential buyer

What is their overall condition?
Very good

Do any require repairing?
No

How have they been valued ?
By the Owner

Which assets are on lease/HP and with whom?
None

Are they presently insured?
Yes

Strengths?
Owner operated, personal service, excellent condition, located in the beautiful Midlands of KZN. The river frontage and gardens where visitors can picnic with a gourmet picnic basket lunch supplied by the guest house. The gentle walking paths for guests. The Guest House has a 3 Star rating from the Grading Council of SA. The Guest House has been awarded the Lilizela Tourism Award in 2017 and 2018. The main Guest House could be re-designed to accommodate more guests. There is a heavy duty generator, laundry, borehole and water tanks.

Weaknesses?
Does not cater for visitors from other guest lodges and self catering establishments in the area and local residents.

Opportunities?
Develop and promote as a wedding venue and conference centre. Open the restaurant to local residents and visitors from other guest lodges and self-catering establishments in the area.

Threats?
State of the economy

What is the reason for the sale?
The owners wish to retire with possibility of relocating overseas as their children and grandchildren live overseas.

Why is this a good business?
The business generates good profits and would afford a new owner a wonderful lifestyle in the beautiful KZN Midlands.

What is the price plus stock and the net profit?
Price R7.5m and stock of R20,000. Net profit R138,406.

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FRANCHISE DETAILS

Aldes Accolade

2 members
17 active mandates
KwaZulu-Natal
15 St Michaels Road, Winterskloof
3245

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