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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.
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).
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