Fully describe the business's activities?
The Owner manage the B&B Guest House. They serve Breakfast and Dinner when requested. When needed the clients are picked up at OR Tambo airport at a additional fee as a shuttle service.The excellent located property near restaurants, shops and galleries. 6 Units are available that can sleep 2 people and one unit can sleep one person. A Lapa with BBQ facilities and swimming pool to relax are available.
How long has the business been established?
How long has the owner had the business?
How does the business operate on a daily basis?
With the Owners managing the staff of the B&B , doing the Shuttle for clients , handling the bookings and placing of guests. Mostly 5 days a week and sometimes an overflow over the weekend.
How are the clients attracted to the business?
The B&B caters for Corporate clients and clients from overseas. Advertising is mainly by word of mouth and an established client base.
What Advertising/Marketing is carried out?
Website in place for the Marketing
Does the business have any contract work?
No. This can be explored more.
What competition exists?
There are Guest Houses in the area.
What are the seasonal trends?
Very stable during the year. The B&B is normally closed from 15 December till 15 January.
How did the Covid-19 pandemic impact the business turnover / daily operations?
The B&B was closed for 2 months since 26 March 2020 and started business on 1 June 2020 for business clients.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
All Protocols are in place at the B&B. The Staff was trained in this regard.
Is the business VAT Registered?
Are there up-to-date Management Accounts available?
Yes, the Financial information is a draft statement .
What Balance Sheet and Income Statements are available?
The Audited Financial statements will be submitted to Buyers interested to Buy B&B.
What percentage of the business is cash/credit?
95% of the business is EFT or Credit cards.
What is the age analysis of the debtors book?
Minimum debtors applicable . The debtors is on a 30 days basis .
How could the profitability of the business be improved?
The 6 double rooms and one single room makes it a good investment. A Extra double room can be added with minimum cost involved.
Is Seller finance available and for what amount?
What is the total staff complement?
There are 3 staff employed. The one is the Gardener and the two are cleaners,doing the linen, prepare and clean the rooms.
Give a breakdown of staff/ functions/ length of service?
The Owners does the managing of the B&B and the staff are working there for many years.
Do any receive special perks or incentives?
Are they on contract?
Yes ,all staff has contracts in place.
How involved is the Owner in running the business?
The Owner is involved on a daily basis.
Any special arrangements for the staff related to the Covid-19 pandemic?
The staff are all currently paid in full.
What are the trading hours?
From 7h00 to 19h00
What is the square meters of the business?
The buildings are 390 sq meter.
Do you require a licence?
What are the main assets of the business?
The Business is a running concern and consists of: Six Double and one Single bedrooms B&B with swimming pool, well maintained gardens.Reception,Lounge,Kitchen,build in braai, Bar counter,2 bedrooms in house for owner.Double garage , lockable carports,and enough open parking ,
Are any items not included in the sale?
The furniture in the units is not included in the sale but an offer can be made .
What is their overall condition?
It is in a excellent condition.
Do any require repairing?
There is no repairs required.
What are their settlement amounts?
There is no outstanding leases .
Are they presently insured?
All assets are full insured for R 4 ,5 million.
This B&B is a running concern mainly for business people attending meetings and operating weekdays. It is in a prime area. The clientele is mainly long term clients.
There is other B&B Guest houses in the area.
One of the rooms in the house can be adjusted for a separate double room with a on-suite bathroom and with a outside entrance at a minimum cost. To increase capacity, currently 60% , the use of social media and accommodation platforms can be explore. Doing a Rezoning for Commercial use is a option to accommodate professional related office space.
The Covid 19 effect and the economy in general
What is the reason for the sale?
The Owner wants to retire.
Why is this a good business?
This B&B is a well managed business with good Return on Investment(ROI) .Neat and well maintained. Ideally located .Central to nearby businesses and with a long term relation client base.
What is the price plus stock and the profit?
R 3 970 000 The furniture in the units are excluded and a offer to be considered by the Owner.
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