Fully describe the business's activities?
A highly rated, 8 bedroomed guest house and bed and breakfast establishment in Hermanus, close to the Hermanus Golf Club and within walking distance of the famous Cliff Path overlooking Walker Bay - the top whale watching area in the Western Cape.
How long has the business been established?
How does the business operate on a daily basis?
The business is an 8 bedroomed guest house operated by the owners.
How are the clients attracted to the business?
The guest house has a well estabished reputation with many repeat visitors, word of mouth referrals and excellent Tripadvisor ratings. A number of booking platforms are used.
What competition exists?
Being in a popular holiday town there are a large number of accommodation offerings.
What are the seasonal trends?
The area is very popular from August until March of each year as this is a prime whale watching destination.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
What percentage of the business is cash/credit?
All accommodation is paid for in advance.
Is Seller finance available and for what amount?
What is the total staff complement?
The owners plus one permanent housekeeper. Additional casual staff are employed in the high season.
Are they on contract?
Normal employment practice.
How involved is the Owner in running the business?
Full time, hands on.
When does the current lease end?
The business is being sold inclusive of the property. Full details will be made available to qualified buyers.
Do you require a licence?
Yes, municipal licence to operate a guest house.
What are the main assets of the business?
The property, furniture, fixtures and fittings.
Are any items not included in the sale?
A detailed list of assets included in the sale will be available to qualified buyers.
Excellent location, top reputation, popular world-renowned destination.
Upgrade the establishment to a more exclusive boutique style hotel.
Many other accommodation offerings availabe.
What is the reason for the sale?
The owner wishes to retire.
Why is this a good business?
This is a profitable, well established guest house with an excellent reputation.
What is the price plus stock and the net profit?
The asking price is R9.5 million. The business generated a profit of R963k in the last financial year.
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