Link Business

Profitable Guesthouse with Charm/BEE Opportunity

R5,300,000WitbankListing: #14531

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Accomodation/Tourism businesses for sale
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About this business for sale

Profitable Guesthouse with Charm/BEE Opportunity
This listing offers an amazing, well established and profitable guest house that opened its door six years.

The guesthouse is a magnificent double story house built nearly 70 years ago featuring original wooden floors and staircase with the original fire place, all providing much old charm.

The guest house is located in a major Mpumalanga town located just outside Pretoria and positioned in a quite suburb but within close proximity of major shopping centres and businesses and other nearby features include a casino and dam.

The premises have large trees providing a relaxing and home atmosphere, together with the pool and lapa/braai areas.

Accommodation is offered in various sized fully furnished bedrooms en-suit in the form of thirteen big or smaller rooms complete with 10 channel DSTV, tea/coffee facilities, desk with chair and fridges in some of the rooms. There is also a fully self catering flat. Laundry services are also being offered.

The venue can also offer smaller conference facilities and it enjoys a 3-Star rating by Tourism South Africa.

Owners relocated to Pretoria and after having had the business for 10 years want to sell and start something new in Pretoria.

Average EBPITD (Earnings before Proprietor compensation, interest and tax) for the last two years has been R99,000 per month. However, with a fully or part BEE partner, the business will benefit tremendously from the big corporate based businesses in this large and growing town.

The price of R5,300m includes the property (land and buildings), furnishings for 13 bed rooms with en-suites, dining room, fire place area, fully fitted kitchen, outside pool and braai area, safe paved parking for +/- 25 cars on the premises of which, under cover (+/- 6 to 7 cars).

Established website domain also included. There are two water tanks (5000lt and 2500lt) with a motor for water interruptions as well as a 3 phase generator with a manual switch-over installed.

Full financials and a detailed asset list is available to serious buyers.
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082 600 3848

Leon Bahlmann