An established self-catering accommodation business including its freehold property in the popular Pretoria East area, has come onto the market!
Operating under the current ownership since September 2018, the business benefits from an established customer base, with more than 80% of bookings received directly. Average annual revenue over the past three financial years has been R1.7 million.
This is a share sale transaction. The purchaser will acquire 100% of the shares in the holding company, which owns the property and 100% of the shares in the accommodation operating company. No separate transfer of the underlying property is involved.
The owners are selling as they prepare for retirement.
A comprehensive Investment Memorandum, including financial and operational information, is available to interested purchasers upon signing a Non-Disclosure Agreement.
