Sector - Accommodation
SummaryGive me more information
Fully describe the business's activities?
145 bed accommodation with variable options , Restaurant , Conference facilities , Event venue and caravan park
3 Star rating
How does the business operate on a daily basis?
The owner and staff are daily involved with the admin / reception / housekeeping / maintenance / restaurant and preparations for events like conferences and weddings
What Advertising/Marketing is carried out?
Website / Where to Stay / LekkerSlaap / Safari Now / Rooms for Africa / Trip advisor / SA Venues
What competition exists?
Other Guest houses and B&Bs in town
Other Restaurants is town
How could the profitability of the business be improved?
Marketing , BBEEE involvement , further development of land , selling of portions of un-used land , More focus should be given to corporate events , conferences and functions
Give a breakdown of staff/ functions/ length of service?
Do any have management potential?
How involved is the Owner in running the business?
Overseeing the management and operations on a daily basis
When does the current lease end?
No lease - owned by seller
What are the trading hours?
7 day / week
24 Hours standby assistance
Reception 7h30 - 21h30
What are the main assets of the business?
Land , buildings and movable assets
Highly visible - close to CBD and direct access for main road
Well established - 34 years
Well maintained facilities
Vendor numbers at mines
Diversified business income
Weak and insufficient marketing
Owner has lost a bit of focus because of his other business venture
Growth in town ( Mining )
BBEEE partnership will increase the turnover
Additional land available for development ( Life Style Estate / Retirement Village )
The currant volatile economic climate
Other smaller B&Bs and Guest houses
What is the reason for the sale?
The seller's children are grown up and left town
The seller has another business venture nationally that he wants to grow from Gauteng
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