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Budget Hotel In Durban For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R2,500,000 Furniture / Fixtures included
Sales Revenue:
R8,100,000
Cash Flow:
R1,460,000

Sold by aldes Cliff Bell Nov 2019
Net Profits of R1.46m pa (incl owner addbacks) off a stable turnover of R8.1m pa (incl the restaurant + bar). 60 room hotel that is well known, long established & profitable, focusing on business & holiday clientele. The long term lease is extendable.
The hotel is operated by the elderly owner acting as the GM, with duty managers & well trained staff in place (specifically for night duty). The in-house restaurant & bar services both internal & external clientele.

Property Information

Real Estate:

Lease

Premises Details:

The Hotel, in-house Restaurant, & bar are operated within a strategically positioned building within the Durban CBD, that is on a Long Term Lease, which is extendable (the property cannot be purchased).

Business Operation

Reasons for selling:

Retiring

Trading hours:

24/7

Employees:
Hotel: 13 full-time (2 of which are the Housekeeping & Food/Beverages Managers, who also share the role of Duty Manager) & 2 casuals Restaurant : 4 The owner acts as the GM & is full-time during the week-days only
Years established:
60 with 30 being with the present owner

Contact Aldes Exclusive

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