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  • Mandate: 34187
  • Added: 17 Nov 2020
  • 216

Established, Well Managed and Revenue Steady Guesthouse in North West

North West, North West
216
Mandate 34187
Added 17 Nov 2020
R 9,500,000* ZAR
Stock: R 0
Assets: R 3,600,000
R 23,845 ZAR
Frans Joubert
(PRINCIPAL)
Aldes Potchefstroom
North West, Potchefstroom
North West, Potchefstroom
Summary

Guesthouse with solid revenue lines with operating history spanning over two decades, fully licensed with Bar and Restaurant.

Established, Well Managed and Revenue Steady Guesthouse in North West
SELLING PRICE
R 9,500,000* ZAR
Stock: R0
Assets: R3,600,000
R 23,845 ZAR
Summary

Guesthouse with solid revenue lines with operating history spanning over two decades, fully licensed with Bar and Restaurant.

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Fully describe the business's activities?
Guesthouse is situated in the historic mining town "Orkney" in the heart of the North West Province and has been established for nearly two decades

How long has the business been established?
18 Years

How long has the owner had the business?
18 Years

How are the clients attracted to the business?
Approved mining vendor that is the bulk of current business, combined with provincial boards at all entrances of the town, Facebook marketing, Word of Mouth and General Advertising Boards

What Advertising/Marketing is carried out?
Approved mining vendor that is the bulk of current business, combined with provincial boards at all entrances of the town, Facebook marketing, Word of Mouth and General Advertising Boards

Does the business have any contract work?
The business is an approved vendor for mines in vicinity

What competition exists?
There are other Guesthouses in town, yet this guesthouse is the most established with the longest history

How did the Covid-19 pandemic impact the business turnover / daily operations?
As with all hospitality businesses the COVID lockdown had a severe impact

What are the main assets of the business?
The business consists of a number of parts that make up the whole in terms of the assets, these are as follows: #1. House 1, which is a 3 bedroom house as well as flatlet with 2 rooms - This premises has 10 rooms for guests that are fully equipped with own bathrooms, braai facilities for guests as well as ample parking, most of the rooms are equipped with air conditioners whilst the remainder have fans placed in each room for the warmer months of the year. The premises is supplied with single phase prepaid power. The yard is large with ample garden and possible future expansion space. #2. Attached to House 1 is an area that currently serves as fully functional bar and restaurant, with a large kitchen, Lapa and Pizza oven #3. House 2, which is a 3 bedroom house with double garage, pool, large workshop and carport for three vehicles or caravan. Flatlet with 2 bedrooms, carport and garden, There are 10 guest rooms with similar amenities for guests as found in House 1. There is a large reception lounge, Self help kitchen for guests as required, 3 phase prepaid power. There is already a foundation laid for either 2 room flat or alternatively a Lapa area. All the premises are fully covered under different liquor licences, the bar area liquor license can also be used for outside field events. The other assets, for which an inventory list is available, consists of all the furniture, bedding and equipment that would be expected from a Guest House with this extended history.

Are any items not included in the sale?
There are some heirlooms in the premises, these will be pointed out.

What is their overall condition?
The overall condition of all assets are good

Which assets are on lease/HP and with whom?
There is currently a vehicle, this will however be taken over by the current owner.

Strengths?
- This business is well established and as an approved vendor from mines in area has a stable income that could be built upon. - The business is easy to run with very limited staff numbers required

Weaknesses?
- The current owners health is limiting the aggressive marketing that could lead to increased revenues in the region

Opportunities?
- Expansion of premises to increase room capacity - Focus on Bar and Restaurant area that could create additional revenues

Threats?
- Covid lockdowns remain a threat for this type of business

What is the reason for the sale?
Owners wish to retire and deteriorating health plays a role in decision as well

Why is this a good business?
Well established, stable income, assets that could be used for personal purposes and full work from home business

What is the price plus stock and the profit?
R9,5m

Other listings by Frans
R 807KZAR
Franchise
Added : 12 Nov 2020 775
Profit*: R15,308 *(8 months)
North West
FRANCHISE DETAILS

Aldes Potchefstroom

1 members
2 active mandates
North West , Potchefstroom
Mia Meent Unit 3 6 Fick Street Potchefstroom
Potchefstroom

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