Sectors / Category

Annual turnover

|
  • Mandate: 31939
  • Added: 09 Jul 2018
  • AFS
  • 270

Upmarket guesthouse with excellent location on the Eastern mining hub

Limpopo, Limpopo
270
Mandate 31939
Added 09 Jul 2018
R 5,912,500* ZAR
Stock: R 0
Assets: R 800,000
R 5,000 ZAR
Johan van der Merwe
Aldes Longtom
Mpumalanga
Summary

This beautiful guesthouse with 11 luxury on-suite rooms is surrounded by Bushveld mountains and serves the economic center of Limpopo. The business is on a 1.1 Ha stand It' offering the following : - Lounge, dining room and TV room - 11 bedrooms - 11 bathrooms - 11 covered carports - sparkling swimming pool - lapa & bar area - conference facilities Beautiful well maintained garden with a boma

Upmarket guesthouse with excellent location on the Eastern mining hub
SELLING PRICE AFS
R 5,912,500* ZAR
Stock: R0
Assets: R800,000
R 5,000 ZAR
Summary

This beautiful guesthouse with 11 luxury on-suite rooms is surrounded by Bushveld mountains and serves the economic center of Limpopo. The business is on a 1.1 Ha stand It' offering the following : - Lounge, dining room and TV room - 11 bedrooms - 11 bathrooms - 11 covered carports - sparkling swimming pool - lapa & bar area - conference facilities Beautiful well maintained garden with a boma

To gain access to more business info
please supply us with your details below

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?
No

What competition exists?
Other lodging establishments in town.

What are the seasonal trends?
Quiter during mid-December.

Is the business VAT Registered?
No

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?
None

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?
No

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?
No

What is their overall condition?
Good

Do any require repairing?
No, normal ongoing maintenance as required.

Strengths?
Excellent and unique location. Established customer base (repeat business). Up-marked fittings and finishes in good condition.

Weaknesses?
No marketing being done.

Opportunities?
Focus on special events like Small weddings, Bridal showers, Kitchen-Tea

Threats?
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

Other listings by Johan
R 275KZAR
Added : 30 May 2018 254
Yearly profit : R66,998
Mpumalanga
R 14.00MZAR
Added : 17 May 2018 433
Yearly profit : R1,239,832
Limpopo
R 6.50MZAR
Added : 10 May 2018 748
Yearly profit : R2,113,109
Gauteng
FRANCHISE DETAILS

Aldes Longtom

2 members
12 active mandates
Mpumalanga
31 Fourie Street
1120

Our experienced cross industry brokers are
waiting to assist and guide you…

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 6.60MZAR
Added : 29 Sep 2018 187
Yearly profit : R1,029,600
Mpumalanga
R 4.30MZAR
Added : 20 Jul 2018 396
Yearly profit : R5,000
Limpopo
R 8.60MZAR
Added : 21 May 2018 709
Yearly profit : R2,016,169
Gauteng
R 3.50MZAR
Added : 1 Nov 2017 768
Yearly profit : R-18,847
Mpumalanga

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.30MZAR
Franchise
Added : 12 Nov 2018 16
Yearly profit : R143,096
Gauteng
R 2.08MZAR
Added : 5 Nov 2018 69
Yearly profit : R738,707
Gauteng
R 800KZAR
Added : 1 Nov 2018 174
Yearly profit : R395,050
Gauteng
R 690KZAR
Added : 1 Nov 2018 119
Yearly profit : R300,647
Gauteng
R 1.10MZAR
Added : 22 Oct 2018 150
Yearly profit : R144,168
Gauteng
R 580KZAR
Franchise
Added : 22 Oct 2018 185
Yearly profit : R348,981
Gauteng
R 900KZAR
Added : 22 Oct 2018 162
Yearly profit : R491,375
Gauteng
R 1.71MZAR
Added : 21 Oct 2018 264
Yearly profit : R758,870
Gauteng