Ref. No - BFS11138
South Africa, GautengRef. No - BFS11138
Sector - Accommodation
Summary
This exclusive river property in a serene peaceful environment with breathtaking views and a majestic riverfront, was meticously developed by the existing owner over years, keeping the clients needs in consideration. This resulted in a property catering for weddings, corporate functions, weekend visitors, birthdays, matric farewells, special memorable occassions etc. This secluded high end property is also ideal to host dream retreats on a signature property that has won various awards
Give me more informationProducts and Services
The property is 21,414 sq meters, consists of a guest house (934 sq m), bike room (108 sq m), office (167 sq m), guest bedrooms 12-16 (144 sq m), chapel (227 sq m), venue/functions facility (851 sq m), second house (397 sq m)
Assets
Assets of R5 million is included ie all equipment incl catering equipment, furniture, etc
Employees
5 full time
Financials and Forecasts
Valuation of property from an individual valuator- R33 million
Asset value R5 million
They are closed during winter months (2 months) plus 3 weeks after Christmas and only cater for weddings weekends, and then have matric farewells, weddings, special occassions like birthdays
Average income per annum R3,2 million
Average expenses per annum R1,5 million
NP (EBITDA) per annum R1,7 million
On a ROI of 25-30% the business is valued at R6 million
Reason for Sale
The owner is relocating to the Western Cape
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