Filters
LocationSouth Africa, North West

Sector - Accommodation

Asking Price
R2,500,000
Monthly Profit
R 15,279
Asset Value
R 2,000,000
Stock Value
R 0
Yearly Net Profit
R 183,350

Summary

This is a neat Guesthouse with revenue development potential

Give me more information

Fully describe the business's activities?

This is a House and Guesthouse with an extended history since 2006. The Guesthouse prides itself as an "old school" establishment where visitors can relax and escape from the pressures and stress of life in general. The Guesthouse is centrally situated in Stilfontein in the North West region close to Klerksdorp, Orkney and Potchefstroom.

The Guesthouse consists of 6 Guest rooms as well as large home with 4 rooms where current owners reside, with a large garden and outdoor pool.

The area offers a Casino, the Barnyard Theatre, Game Reserves, Lion farms, museums, heritage sites, cinemas, shopping centres, restaurants and sports & golf clubs

How does the business operate on a daily basis?

The business is managed and operated by the current owner that oversees the entire business, this includes all bookings and servicing of the guests.

What Advertising/Marketing is carried out?

Google + Booking Websites + Word of Mouth + Own Website

What competition exists?

There are other Guest Houses in the Area

How could the profitability of the business be improved?

By offering meals, adding functions, tea garden and liquor license

Give a breakdown of staff/ functions/ length of service?

3 Years service

How involved is the Owner in running the business?

Husband and Wife Team - Hands On

What are the trading hours?

The Guest-House is open 7 days a week and working hours are normally from 9am to 21:00, however as service is core to the business availability to customers is 24 hours should it be required.

The Guest-House Structure Details

The property consists of a main house in which the owners stay, the design is such that guests are separated from the family life of the main home. There are 6 rooms that are tastefully designed and outside braai areas where guests can braai and relax.

There is a big garden that has an outdoor pool with area that can be covered into tea garden or restaurant type setting for additional business generation.

There is a solar system installed, security cameras around the premises and the rooms with Airconditioners have a separate prepaid meter attached for such.

All rooms have Wi-Fi

What are the main assets of the business?

The Assets consists of the house and all the furniture in both the Guest and main house area

Strengths?

This is a Guesthouse with a history since 2006 that constantly improved their value offering and guest services, they have built a customer base as well as a network base over more than 15 years. The business is a "Work from Home" structure that allows for owners to continue to adjust and maintain the business as required.

Weaknesses?

The business is not registered under any BEE certificate, resulting in some business enquiries lost as a result. By adding BEE credentials it can be expected that this weakness could be eliminated.

Opportunities?

Revenue enhancement opportunities exists by offering meals to guests, adding functions and related services, converting the big garden and pool area to a tea garden or restaurant setting and adding a Liquor license to the Guest House fr serving customers.

Threats?

The hospitality sector will continue to be exposed to COVID lockdowns where applicable.

What is the reason for the sale?

The owners wish to scale down

Location

Contact | Enquire

Frans

Frans Joubert

LocationSouth Africa, North West

Preferred method of contact

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