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Guest House, Conferencing, Restaurant And Gaming Facility For Sale

Durban, KwaZulu - Natal, South Africa
Asking Price:
R48,000,000
Sales Revenue:
R3,893,270
Cash Flow:
R1,171,104

Property Owned Guest House, Conferencing, Restaurant and Gaming Facility - Durban

This is a wonderful opportunity to acquire your own business properties and to operate a very well established and profitable business.

Regarded as an institution, the business was established 40 years ago, and it is still owned and run by the founding family.

The business relocated in 2000 and it is very well positioned on major busy road. The 2400 sqm 3-storey wheelchair friendly (lift and ramps) building is built on 5100sqm of land with ample secure parking. State of the art security /surveillance equipment is housed in a special facility.

Services offered are diverse and include a 10 roomed 4 Star rated Guesthouse, 100-seater Restaurant, 280 delegate Conference Centre and Pub with a gaming area. A coffee shop was also recently added.

Competent employees deliver on the promise of good service for which the business has become well known and they are able to cater for any form of function.

The owners have decided to sell, primarily for a life change after running and operating the business for many years and creates an amazing opportunity for the right buyer.

A professional valuation of the properties alone was R35,000,000.

The asking price for the business and the properties is R48,000,000 (excluding VAT and Stock)

Property Information

Real Estate:

Real Property Included

Location:

Durban

Business Operation

Trading hours:

08:00 am to 12:00 pm
7 Days a Week

Employees:
24 - Full Time Staff
Years established:
1983

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