Established Bed And Breakfast In Upmarket Area, East London For Sale

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a 2 bedroom house on site, currently the Managers living quarters. It has an open plan lounge and kitchen which joins on to the Managers office and store room. It also has its own closed off yard which also opens up to the Office/Reception area

Location:

The BnB is located in an upmarket area in East London. It is also central to the other suburbs offering guests the best of both worlds, with the beach only 1.7km away and the shopping centres within a 10min radius.

Premises Details:

The BnB consists of 12 fully functional self-catering units. We have two family rooms that consist of bunk beds as well. Most rooms can convert from a King size bed to two twin beds on the request of the guest.

We have a modern Dining Room with a fully equipped kitchen should the guest decide they would prefer to be served breakfast, for an additional fee. There is a bathroom available.

The Kitchen opens into the laundry room and linen storage room with a back entrance so the staff can still access the area without disturbing the guests during breakfast.

There is also an office space/Reception area that opens directly on to the street, but has the potential to be converted into another room. It has been secured with a security gate. The office also opens to the parking space as well as to the Managers living space for easier access.

We have one allocated parking space per room.

Size in square feet:

13,993

Planning Consent:

Internal Conversions

Business Operation

Expansion Potential:

The BnB currently consists of 12 rooms. There is a possibility to combine rooms into bigger rooms, to reduce the amount of rooms.

Competition / Market:

We have kept our rates competitive as their are other BnB's in the area, we have regular guests who continue to support us through the years.

Reasons for selling:

We are emigrating in 2023.

Trading hours:

Mon-Sun, 7a.m till the last guest checks in

Employees:

4

Years established:

6 years

Other Information

Support & training:

The current Manager has many years of experience in the industry should the buyer need any on site training. We as the owners, would be able to advise on the day-to-day running of the BnB, and offer any advice should it be required..

Furniture / Fixtures value:

R1,200,000 - included in the asking price

Inventory / Stock value:

R20,000 - included in the asking price

Home based:

This business can be run from home.