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Award Winning 4-star Guesthouse In Johannesburg For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R5,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R1,600,000
Cash Flow:
R500K - R1.5M

An upmarket guesthouse in easily-accessible Randpark, Johannesburg. Offering 5 very comfortable, spacious and stylish suites tastefully designed with the discerning traveler in mind.

In addition there is a large 2 bedroom, 2 bathroom apartment currently used as the owner's residence, which could become an additional family unit if the buyer chooses to employ a manager. There is also accommodation for a manager available.
Each guest suite opens onto its own shaded patio overlooking the beautiful gardens and swimming pool.

Guest profile is 42% South African business travelers, 34% international visitors, 21% South African guests in town to visit family, for medical or various other reasons, and 3% local guests just wanting a getaway. (average size is over 50 metres squared).

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a 142 square metre 2 bedroom 2 bathroom owners residence on the second floor, with its own 50 square metre patio

Location:

The guesthouse is located in a quiet and peaceful residential suburb, in a street lined with beautiful Jacaranda trees. The suburb is secured by nearly 100 off-site monitored security cameras and armed security patrols day and night.

Premises Details:

The guesthouse is a lovingly renovated house of over 600 square metres under roof, set on a 1750 square metre stand. Featuring a salt water swimming pool, trampoline and gazebo in the beautiful gardens.

Size in square feet:
18,837
Planning Consent:

The property is zoned as a residence but has been granted "consent-use" to operate a guesthouse for up to 10 guest rooms.

Business Operation

Expansion Potential:

The business can easily expand by incorporating the current owners residence into the guesthouse as a large family unit, and employing a manager. There is a small managers unit available. There is also an additional small 2 bedroom 1 bathroom unit which, with minimal refurbishing, could be included as a 7th guest unit.

Competition / Market:

There is limited competition in the area. We work with the other 2 guesthouses within 5 kilometres radius, regularly referring overflow guests to each other when we are full.

Reasons for selling:

Owners are retiring and relocating.

Trading hours:

The reception is available from 07:00 to 19:30 daily. Guests are required to check in between 14:00 and 19:30, and to check out by 10:00.

Employees:
2
Years established:
2017

Other Information

Support & training:

Full training will be provided to a buyer, as well as support via phone or email. A comprehensive operating manual will also be provided. The business also uses the "Nightsbridge" channel manager system, and Nightsbridge offers training and support as part of their service.

Furniture / Fixtures value:
R500,000 - included in the asking price
Inventory / Stock value:
R270,000 - included in the asking price