Sectors / Category

Annual turnover

|
  • Mandate: 34266
  • Added: 13 Oct 2020
  • AFS
  • 130

Charming Winelands town Guest House and Restaurant

Western Cape, Helderberg & Winelands
130
Mandate 34266
Added 13 Oct 2020
R 6,100,000* ZAR
Stock: R 0
Assets: R 6,172,500
R 110,333 ZAR
Rob Gwilliam
(PRINCIPAL)
Aldes Mega
Western Cape, Cape Town
Western Cape, Cape Town
Summary

A great opportunity to live the lifestyle with this pretty guest house and restaurant. A well run operation with long established staff and regular clientele.

SELLING PRICE AFS
R 6,100,000* ZAR
Stock: R0
Assets: R6,172,500
R 110,333 ZAR
Summary

A great opportunity to live the lifestyle with this pretty guest house and restaurant. A well run operation with long established staff and regular clientele.

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

Fully describe the business's activities?
Pretty Winelands Guest house and Restaurant, in an excellent location. The sale of the business includes the ownership of the charming property.

How long has the business been established?
The establishment has been operating for more than 15 years.

How long has the owner had the business?
The Owner has run the business for 10 years.

How does the business operate on a daily basis?
Both sides of the business operate 6 days a week with weekends being the busiest days. Currently closed on a Monday.

How are the clients attracted to the business?
Situated in a very popular winelands town, it has an ideal roadside location entering the town. Clients are attracted also by word of mouth, reputation and owners social media marketing.

What Advertising/Marketing is carried out?
Social media advertising

Does the business have any contract work?
No contract work at present.

What competition exists?
There is typical winelands accommodation in the area and a couple of restaurants in town.

What are the seasonal trends?
There is a good yearly trend for guests and holiday makers. being 45 minutes from Cape Town, people travel out year round, with the busiest time being the weekends especially when a harvest festival is happening in the town.

How did the Covid-19 pandemic impact the business turnover / daily operations?
The business closed in accordance with Government restrictions and opened in early August

What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Staff temperatures checked daily. Hand sanitizer throughout the building including entry. Thorough deep cleanse on a Monday. All guests temperatures checked.

Is the business VAT Registered?
Yes

What VAT documentation is on file?
All documents are with the Accountant

Are there up-to-date Management Accounts available?
Yes, all complete.

What Balance Sheet and Income Statements are available?
The last 3 years information is available

What percentage of the business is cash/credit?
Around 10/15%

What is the age analysis of the debtors book?
There is no debtors book.

How could the profitability of the business be improved?
More direct marketing could drive up accommodation and restaurant bookings.

Is Seller finance available and for what amount?
No.

What is the total staff complement?
8 permanent staff and 3 or 4 casuals.

Give a breakdown of staff/ functions/ length of service?
The Manager has been at the establishment for 10 years, also the Head Chef has been there for 10 years.The Deputy Chef has been here for 7 years and the cook 4 years. The maintenance person has been there for 7 years. Others have been there for various shorter lengths.

Do any receive special perks or incentives?
Staff also get tipped by the patrons.

Are they on contract?
All full time staff are on contract.

Do any have management potential?
The Manager is very capable and certainly has a hands on approach. Very able to handle the daily running.

How involved is the Owner in running the business?
The owner has a great passion for the business and has very much nurtured the business to where it is today.

Any special arrangements for the staff related to the Covid-19 pandemic?
All precautions are taken in line with sanitizing and the taking of temperature.

When does the current lease end?
The business includes ownership of the guest house and restaurant. The new will be the proud owner of the property, buildings and the business.

Is there an option of renewal & what period?
N/A

What is the annual escalation %?
N/A

What are the trading hours?
Tuesday - Noon until close, Weds/Thurs/Fri - 9am until close, Sat/Sun - 8am until close. Closed Monday.

Is a copy of the lease available?
N/A

Do you require a licence?
N/A

What lease deposit and/or other surety is required?
N/A

What are the main assets of the business?
The establishment has been finished beautifully and all of these assets are included in the sale. The full asset register is included. The property is fully included in the price and it is a very beautiful building in a beautiful setting.

Are any items not included in the sale?
Everything in the establishment is included.

What is their overall condition?
The overall condition is good and fully functional. the building has been constantly updated and maintained.

Do any require repairing?
Fittings and working equipment are repaired/ replaced or maintained as required on a normal operating basis.

How have they been valued ?
They have been valued at cost.

Which assets are on lease/HP and with whom?
N/A

What are their settlement amounts?
N/A

Will Seller settle or Buyer to take over?
N/A

Are copies of agreements available?
N/A

Strengths?
The establishment is in a very pretty location, close to all access roads and very visible to locals and tourists. The establishment has an ongoing good reputation both locally and for the traveller. It has been established for many years and is well known and revisited, it also has been profitable over many years and that shows in the reinvestment to enhance the reputation. The new owner will own a very desirable property in a sought after small town.

Weaknesses?
Difficult to say, but only the fact that it is 45 minutes from Cape Town.

Opportunities?
There is scope to add extra accommodation rooms.

Threats?
Nothing at present!!

What is the reason for the sale?
The owner has been very hands on and now feels its time to pursue his love of golf.

Why is this a good business?
This is a very profitable and charming business. The owner can achieve a pleasurable village lifestyle in the beautiful Cape Winelands whilst running a lovely business. The capability of management both front of house and in the kitchen will assist in a very smooth transition for any prospective buyer.

What is the price plus stock and the profit?
R6,100,000

Other listings by Rob
FRANCHISE DETAILS

Aldes Mega

1 members
1 active mandates
Western Cape , Cape Town
31 Constantiaberg Business Park, 31 Princessvlei Road, Southfield, Cape Town, 7941
Cape Town

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

Similar Businesses for sale

Discover similar, inspiring businesses for sale

R 5.45MZAR
Added : 28 Jul 2020 343
Yearly profit: R631,616
Gauteng
R 7.51MZAR
Added : 3 Dec 2018 1667
Yearly profit: R104,682
KwaZulu-Natal
R 4.00MZAR
Added : 30 Jul 2018 2290
Yearly profit: R311,033
Mpumalanga

Businesses in Gauteng

Annual Turnover Amount between R 500 thousand and R 6 million

R 1.00MZAR
Added : 23 Oct 2020 20
Yearly profit: R897,250
Gauteng
R 1.45MZAR
Added : 20 Oct 2020 86
Yearly profit: R902,596
Gauteng
R 825KZAR
Added : 20 Oct 2020 105
Yearly profit: R530,512
Gauteng
R 1.43MZAR
Added : 20 Oct 2020 62
Yearly profit: R896,642
Gauteng
R 1.41MZAR
Added : 20 Oct 2020 74
Yearly profit: R666,883
Gauteng
R 690KZAR
Added : 12 Oct 2020 748
Yearly profit: R521,567
Gauteng
R 2.00MZAR
Added : 2 Oct 2020 509
Yearly profit: R837,691
Gauteng
R 570KZAR
Added : 22 Sep 2020 364
Yearly profit: R218,713
Gauteng