Established a 4-star Hotel with Tremendous Potential.
With a rich history spanning 65 years, this thriving hotel offers a unique opportunity for a new owner.
Boasting a 4-star rating, it is renowned for its ease of operation and management.
The property features 15 comfortable rooms, each equipped with air conditioning. Among these, there is a spacious family room and six superior rooms that cater to diverse guest preferences.
While the restaurant is currently outsourced, the owner is actively negotiating with a chef to take full control of the kitchen. This strategic move promises to provide an immediate boost to income. The hotel also boasts a well-stocked bar, serving not only guests but also hosting business lunches, expanding its revenue streams.
A highlight of the establishment is the fully equipped conference room, accommodating up to 25 guests and featuring top-notch projector facilities. Additionally, a generator is on-site, ensuring operations remain unaffected during load shedding.
This hotel underwent a significant renovation in preparation for the 2010 World Cup, making it a contemporary and attractive destination.
To unlock its full potential, the new owner should focus on redesigning the website and investing in marketing strategies, areas that have been overlooked until now. Expanding the presence on additional travel sites is another valuable avenue for revenue growth.
Notably, the hotel has maintained a minimum occupancy rate of 55%, even during challenging times, and has consistently turned a profit.
The minimal costs of running the hotel primarily revolve around amenities and stock replacement, with the most significant expenses being rent and salaries.
Financial Overview (Based on Audit Summary Report):
Turnover: R 2,344,417
Average monthly sales: R 334,916
Cost of sales (Amenities and Stock): R 60,000
Average monthly expenses: R 170,000
Net average monthly income: R 104,916 (Multiplied by 12)
Net profit on an annual basis: R 1,258,992
This enticing opportunity is available for a quick sale at just R 1.65 million.
Please note that this price excludes license fees and the rental deposit.
Seize this chance to own and rejuvenate a well-established hotel with abundant potential. Contact us today to learn more.