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This well situated and very busy Function Venue Business is located on a property just off the N1 close to Klapmuts - set on 26Ha wine farm surrounded by the lovely Boland mountains where we host Weddings, Conferences, Team buildings any other function that is required by the public.
The location and correct address is a bonus to this property as we fall under Stellenbosch although we are closer to Paarl.
The Primary source of income currently for the venue hire alone is approx R1,4 million pa alone, this excludes the possible income if catering is undertaken self as we outsource all catering which according to estimate is approx 2-3 times the 1,4 we gross on hiring the venue, increasing the income to approx R4.5m annually.
A lot of growth potential still here by incorporating Private and Corporate functions to fill up the weekdays for an even higher income.
The property alone was valued at R13m back in 2010 (6 Years ago) and falls just outside the border of properties already rezoned for other than agriculture, which opens up future possibilities.
The property also comprises of:
A Main 4 bedroom farm house(one room air conditioner), office, kitchen, lounge, 2 bathrooms etc
2 bedroom flat with air conditioner
Large Swimming Pool
3 workers cottages
Honeymoon cottage with air conditioner
Glass enclosed thatched function Venue that can accommodate 200 guests and can be extended for larger groups by hiring in free form tents.
Another Venue with a fully licensed Bar and public toilet facilities and CCTV Camera recording with a notification system for movements internally. Cameras can be viewed from anywhere in the world when on holiday.
Kitchen facilities with store room
Outside and inside ceremony options
Playground for children
Parking area that can accommodate 600 guests
Large sprawling lawn areas for team buildings, beer festivals or big marquee/free form tented functions.
Fully irrigated gardens
Chilled and complete kitted Wine producing cellar & wine store roomed with air conditioner
3ha Shiraz vineyard, drip irrigation
3 x Boreholes
Soil Farm dam
3 cement farm dams
Loads of water pumps to ensure water supply to buildings and irrigation
15 000 liter water tanks
This Business is Not affected at all when the Economy suffers as people still want to get married and they book a year or more in advance to save up in order to fulfill their dreams for that special day.
We will ask you to signed a non-disclosure before we can provide you with our sensitive info.
This Property has been reduced by 3 Million which means you are getting it for a bargain as the Property alone is worth more than the asking price Plus you get yourself a going concern which will support your lifestyle on this piece of heaven.
Just some background info on what properties are worth around here:
• A small holding of 3 Ha close to us was recently sold for 2Mill. I am not sure what was on it.
• The farm 2 properties away from us just sold for 8 mill in November 2016 and they are sitting on 12 ha where ours is 26ha.
This farm looks like a 5 star hotel against them as all their buildings are dilapidated and worn down. Their vineyards are old and sick, so the new owner will have to spend quite a bit of money pulling all those old vines out. No body live there any more as the buildings are not in a good condition.
They also have a wine cellar which is equally run down an d I am not sure if they still generated and income.
It is with a warm heart that I can tell you that - This property is more than double the size with an abundance of water and a busy(we have bookings already into 2018), and very neatly kept venue(lovely business) which make this an awesome buy and investment for the new owner.
The farm also comes with a KWV Quota which has not yet been mentioned.
High number of potential customers flows through this venue with all the different function we host and a farm shop or stall could further improve on the income to mention just one thing.
The website is one of the Business's biggest assets as it works very hard to ensure business rolling in regularly. – A lot of effort and money was spend and I worked very hard on the SEO of the site to get the rankings up to its current positions.
You can go and search on google.co.za for some major keywords and you will be surprised to see for how many keywords you will find us on page 1 or 2.
Eg:of just a few for weddings – there is many more also for team buildings and conferences and functions
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Picnics, movies days, music festivals, live shows with meals and any other offerings can be advertised on the website or old database clients can be contacted for quick last minute functions to attract more business.
When searching for a profitable business to buy, I can just say that this is a roaring opportunity to be in when comparing businesses and it is always thriving. The Expansion Potential is most certainly here to grow this business much further.
Make us an offer for this exceptional Property if you are buying, which includes a wonderful lifestyle and a very exciting business.
All offers will be considered carefully
Contact below for more information.
Real Property Included
4 main bedroom house with swimming pool
2 bedroom flat, bathroom, kitchen, lounge
1 Honeymoon cottage with bathroom facilities and jacuzzi.
3 workers cottages
Old Paarl Road
Welgelee Wine Estate
The Catering income that is currently outsourced can be owned to increase the current income substancialy
Wine cellar can be hired out and grapes can be sold off
Corporate functions such as team buildings, conferences, beer festivals, year end functions etc can be marketed more extensively to fill the weekdays
Full time restaurant and bar can be made available - we are currently only open for functions
The above can be achieved without expanding on the property
Expansions such as the following can be done to increase income:
Another less expensive venue can be erected for kiddies parties, birthday parties and family functions .
Touch farm and play park for children
Plant harvest and sell lusern which is in high demand and low supply
Our children are not interested in taking over the business and we would like to sell and retire
24/7 Mon - Sunday depending on functions
Training and support will be proved for an agreed period as it is crucial for the business that a smooth handover is done to avoid loss of income. it is also important as we have contracts in place for clients that have booked well in advance and these contract must be honored by new owner
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