4-Star Guest House Priced to Sell
About this business for sale4-Star Guest House Priced to Sell
It is not every day that such an opportunity comes knocking on your door. The owners recently had a valuation undertaken by an independent party whom placed a value of R3.5m on this property.
The asking price will include a FULL inventory and the new owners can just walk in and continue trading. The owners built up a very good relationship over the 10 years trading with corporate clients, with a lot of repeat business from them.
The Guest House is situated in a sought after area for tourists and within walking distance from one of Port Elizabeth's prime beaches and also near the Airport.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers.
Interested parties will be required to sign a confidentiality agreement before any additional information is passed on.
The asking price will exclude VAT.
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.