Established Guesthouse in Picturesque Coastal Town
About this business for saleEstablished Guesthouse in Picturesque Coastal Town
This well-established four star guest house is superbly located in the scenic, upmarket town of St Francis Bay.
St Francis Bay is only a 50 minute drive to Port Elizabeth and it's one of South Africa’s most desirable and unspoilt holiday destinations.
The town is characterized by magnificent beaches, lovely thatched houses, a beautiful marina and one of SA’s top ten golf courses, the LINKS estate.
This business, a four star graded guesthouse, was established more than 20 years ago. The garden is well manicured and views can be enjoyed from the private patios that most rooms have access to.
This fully furnished guesthouse boasts 7 tastefully decorated guest rooms with spacious on-suite bathrooms, an entrance hall, two lounges, and a sunny dining room. The thatched roof has just been redone with not maintenance required for several years.
The lodge is licensed and guests may make use of the bar facility.
The ambiance is sophisticated, yet friendly and a large number of guests are international tourists who return to friendly South African hospitality. It is also well supported by golfing enthusiasts and corporates or just families on vacation.
Employees are all very well trained, competent and reliable.
The establishment has received a few Travelers Awards in recognition of Service Excellence.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
The listing price is R3,900, 000 (excluding VAT and including furniture). The annual turnover is in excess of R1.1 million.
For more information, kindly contact the listing Broker.
+27 82 790 5710
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.