Well Established Guest House for Sale in Uitenhage
About this business for saleWell Established Guest House for Sale in Uitenhage
This Guest House was established 15 years ago with a strong corporate client base from the motor industry, with an average occupancy of 65% and sleeping up to 28 people. Currently, the owners live in the neighboring property. This can be either bought or rented separately in order to increase the room capacity and turnover of the Guest House in season. The owners are also prepared to only sell the Business part of the Guest House and then they retain the property. The asking price for the Business part only will be R 1,680,000.00 with a monthly lease or rental amount of R 20,000.00 per month.
All information provided is subject to verification by interested buyers and financial information will only be disclosed to serious buyers, that can supply proof of funding.
Interested parties will be required to sign a confidentiality agreement before any additional information is passed on.
For more information, kindly contact the listing Broker: Bertie van Deventer (0827905710)
+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.