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Business Industry Icon Guest House With Mountain View
Garden Route, Western Cape   Brokered By: Shaun Clark
Asking Price: R5,570,000.00 Sales Revenue: R681,773.00 Cash Flow: Undisclosed


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Business Information

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Business Identifier

Guest House with Mountain View

Reference

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Looking For

Buyer

Company Start Date

Undisclosed

Financial Year End

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Sector

Service

Industry

Hospitality

Business Description

This spacious guesthouse is situated on a large property of lush, leafy suburb in fast-growing Garden Route town, George. The property is in close proximity to a popular and world-renowned golf resort and residential estate. This neat, comfortable guesthouse is built on two levels and offers warm hospitality, scrumptious breakfast and comfort.
Rooms are decorated with a modern and stylish feel. These rooms have en-suite bathrooms, electric blankets for cold winter nights and fans for the warmer months. Some rooms are built with outside balconies to take in the picture-perfect view of the mountains and surroundings. Guest accommodation offers guests their own entrances, ample off-street secure parking.
Rooms are equipped with DSTV (hotel package) and free uncapped WiFi.
The guesthouse also offers outdoor entertainment for guests with a sparkling pool, a barbecue area, meandering gardens with a lovely view of the Outeniqua Mountains.
Of the 12 bedrooms, six are currently let on a month to month basis, while six are let as overnight and B&B accommodation. The property also offers a spacious and comfortable owner or manager accommodation on site.
Businesses can continue as usual operating this establishment as a guesthouse and B&B or it can be converted to backpackers or student accommodation. Your imagination is the limit! The business is based in a prime position with easy access to all national roads, shopping malls as well as the local airport.
Being at retirement age, the owner has run the business as a hobby and solid financial management and profits were not their first priority. So when looking at the financials, expect to see underutilized facilities. Expect an establishment that has much more potential than what is currently generated from it. This is a turnkey operation just waiting for an energetic entrepreneur with a passion for the hospitality industry to take it to the next level!
If you are looking for a business opportunity in the hospitality industry or wanting to establish passive income through student accommodation, then enquire now for more details!
The selling price excludes VAT.

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Franchise

No

Type of Business

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Current Status

None

Province

Western Cape

City

Garden Route

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Asking Price (R)

5,570,000.00

Annual Turnover (R)

681,773.00

Monthly Free Cash Flow (R)

Undisclosed

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