Sectors / Category

Annual turnover

|
  • Mandate: 32598
  • Added: 03 Dec 2018
  • AFS
  • 317

Hawklee Country Guesthouse in the beautiful Midlands of KZN.

KwaZulu-Natal, KwaZulu-Natal Midlands
317
Mandate 32598
Added 03 Dec 2018
R 7,507,137* ZAR
Stock: R 7,137
Assets: R 3,521,517
R -8,633 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. There is a bush kitchen for guests who would like to experience outdoor cooking. A recently introduced wedding venue for 50 people.

SELLING PRICE AFS
R 7,507,137* ZAR
Stock: R7,137
Assets: R3,521,517
R -8,633 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. There is a bush kitchen for guests who would like to experience outdoor cooking. A recently introduced wedding venue for 50 people.

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

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 profit?
Price R7.5m and stock of R20,000. Net profit R138,406.

Other listings by John
R 4.57MZAR
Added : 18 Oct 2021 81
Yearly profit: R432,600
Mozambique Areas
R 550KZAR
Added : 2 Jan 2021 227
Yearly profit: R-275,410
KwaZulu-Natal
R 6.56MZAR
Added : 14 May 2019 272
Yearly profit: R3,047,917
KwaZulu-Natal
AGENCY DETAILS

Aldes Accolade

2 members
8 mandates
KwaZulu-Natal
8 St Michaels Road, Hilton
3245

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 8.50MZAR
Added : 16 Sep 2021 221
Yearly profit: R427,800
Gauteng
R 5.95MZAR
Added : 19 Feb 2021 218
Yearly profit: R1,324,000
Western Cape
R 6.30MZAR
Added : 17 Nov 2020 146
Yearly profit: R1,681,753
North West
R 6.10MZAR
Added : 13 Oct 2020 220
Yearly profit: R1,324,000
Western Cape
R 10.60MZAR
Added : 8 Oct 2020 409
Yearly profit: R736,018
Gauteng
R 5.45MZAR
Added : 28 Jul 2020 161
Yearly profit: R631,616
Gauteng

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 750KZAR
Added : 21 Oct 2021 44
Yearly profit: R368,521
Gauteng
R 350KZAR
Franchise
Added : 20 Oct 2021 36
Yearly profit: R63,222
Gauteng
R 2.08MZAR
Added : 17 Sep 2021 392
Yearly profit: R1,001,895
Gauteng
R 1.85MZAR
Added : 31 Aug 2021 711
Yearly profit: R1,182,708
Gauteng
R 1.40MZAR
Added : 30 Aug 2021 453
Yearly profit: R897,244
Gauteng
R 1.01MZAR
Added : 30 Aug 2021 686
Yearly profit: R576,923
Gauteng
R 2.00MZAR
Added : 20 Aug 2021 616
Yearly profit: R808,533
Gauteng
R 1.80MZAR
Added : 18 Aug 2021 437
Yearly profit: R380,244
Gauteng