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Profitable Guest House In Auckland Park For Sale

Auckland Park, Gauteng
Asking Price:
R33,000,000
Sales Revenue:
R15M - R100M
Cash Flow:
R500K - R1.5M

Sole and exclusive mandate, contact listing broker: Anna-Marie on 0832899113 or email annamarie@aldes.co.za
All 5 properties/guest houses are registered in close corporations or companies, which means NO TRANSFER FEES
Very high occupancy figures
Excellent ROI and IRR
Pay off your investment within 49 months with the profits
Loyal and well trained staff
80% of guests are corporate clients

Property information

Real Estate:

Real Property Included

Living Accommodation:

The 5th property is where the seller lives, it has 3 extra double rooms available for guests in the event of the other 4 guest houses being fully booked

Location:

Excellent location, close to 2 Universities and 3 Private Hospitals and Rehablitation Centre.

Premises Details:

4 beautiful guesthouses, 10 double en-suite rooms each, another house part of the sale where the owners lives, has 3 double rooms available which they utilize during peak times

Size in square feet:
ask broker
Planning Consent:

The properties are all zoned for business use as guest houses. Documentation on file.

Business Operation

Expansion Potential:

The one guest house is situated on the hills and has a tennis court which could easily be revamped and more rooms could be built.

Competition / Market:

No real competition in the area. This business also offers conference facilities, extra meals and transport.

Reasons for selling:

Retirement

Trading hours:

24/7

Employees:
16 and includes a manager
Years established:
2006

Other Information

Support & training:

The seller is open to negotiations regarding the hand over period

Furniture / Fixtures value:
R26,000,000
Related Documents:
Home based:
This business can be run from home.

Contact Broker

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