Fully describe the business's activities?
This 4 star romantic 1800's Victorian guest house provides 26 elegantly appointed guest rooms with air conditioning , Tv's and en suite bathrooms. The business also have 2 conference rooms for conferences , weddings and functions. Board room that can be customized to suit your event requirements U-shaped setting with desks and chairs that can be customized to suit your event requirements The business also offers a Dining room for exquisite events and parties The above sections can be combined to accommodate: -200 delegates in cinema style -120 delegates in banqueting style -100 delegates in schoolroom style All catering for conferences is done on site with our world-class kitchen staff and chef
How long has the business been established?
The business has been established since 1989
How long has the owner had the business?
The current owner had the business since inception
How are the clients attracted to the business?
Clients are attracted to the business mainly by word of mouth , the website and the location of the business
What Advertising/Marketing is carried out?
Google ad's , website and portal links
Does the business have any contract work?
No ,the business have no contract work
What competition exists?
Many other guesthouses
What is the total staff complement?
Total staff complement is 13
Are they on contract?
Yes , all the staff are on contract
How involved is the Owner in running the business?
The Owner is full-time involved in the daily running of the business
When does the current lease end?
No lease , the property is included in the sale of the business
What are the trading hours?
7 days per week , from 7H00 till 17H00
What are the main assets of the business?
The main assets are the fixed property and all the furniture and equipment
Are any items not included in the sale?
Yes , some of the personal items of the owners and some paintings
What is their overall condition?
Do any require repairing?
No repairing is required
Are they presently insured?
Yes ,all assets are insured
Well established business with loyal customers, excellent location in main road and reputation.The business is ranked in the top five places for accommodation in Paar l.
No weaknesses prevail
The current owner lives in the adjoining property (included in the sale) and this property could easily be incorporated to the guesthouse facilities . This would increase the current accommodation capacity
The normal threats that's associated with this kind of business exist.
What is the reason for the sale?
The owner wants to retire
Why is this a good business?
Well established and profitable business
What is the price plus stock and the profit?
The price for the business (including property) is R 29 000 000,00 with a annual net profit of R 3,6 million
Annual Turnover Amount between R 500 thousand and R 6 million