Magnificent, Very Profitable, Self-catering Guest House - Salt Rock, Ballito
This is a unique and exciting opportunity to acquire an extremely successful and very profitable upmarket self- catering guest house. It is ideally situated in Salt Rock, a very popular holiday destination and it is a mere 200 metres from the main swimming beach and close to all amenities and the airport.
The building of 385 square meters is on a 1371 square metre property and comprises four exclusive and very private units, all with superior features and sea views. Each unit has a private garden (pets allowed) with either a pool or jacuzzi, a private garage and an outside entertainment area with a
built-in braai.
It is owner run, but well supported by a full time Caretaker/Handyman and two ladies who work shifts.
The business boasts an excellent occupancy of about 80% which is way above the local average of about 60%.
The annual turnover is more than R2 million with a very healthy net pre-tax profit over R1.5 million.
The owner wants to relocate which creates a perfect opportunity for a serious buyer to purchase an established, very profitable business in a prime location. This could also be ideal as a holiday home or for syndication.
The asking price is R17.01 Million (excluding Vat/Transfer fees and Stock) inclusive of all Assets, including Furnishings, Tools and Garden Equipment. (Stock is estimated at between R12,000 and R15,000)
