Filters
LocationSouth Africa, Gauteng

Sector - Property

Asking Price
R33,000,000
Monthly Profit
R 285,937
Asset Value
R 24,000,000
Stock Value
R 0
Yearly Net Profit
R 3,431,250

Summary

Group of 4 guest houses with conference facilities. Majority of guests are corporates.

Give me more information

What Advertising/Marketing is carried out?

The group and its subsidiaries has a web site. Currently 70% of their business are repeat business from corporate clients.

How involved is the Owner in running the business?

The owners are involved on a daily basis, they have good management in place and the staff are well trained.
A detailed staff list is on file reflecting staff current positions, remuneration and length of service.

When does the current lease end?

N/A properties form part of the sale

What are the trading hours?

Open 7 days per week.

What are the main assets of the business?

4 properties, zoned for business rights to operate as guest houses and conference facilities with all its furniture and fixtures.

Strengths?

Well known and well run guest houses with excellent occupancy which is an average of 70%.

The guest houses are all situated in between UJ and Wits Universities, next to SABC, Media 24, two private hospitals, Nedcare Rehabilitation Centre, where family members seek accommodation and transport.

Weaknesses?

No real weaknesses are noted, other than service delivery on load shedding from Eskom.

Opportunities?

Marketing of commercial companies and NGO's will ensure increase in conference and accommodation bookings.

Threats?

No threats are identified.

What is the reason for the sale?

The sellers wishes to retire.

Location

Contact | Enquire

Anna-Marie

Anna-Marie Bothe

LocationSouth Africa, Gauteng

Preferred method of contact

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