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Reference: 203

ID: MV0387

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

South Africa

Well situated 5100 sqm prime land with 2400 sqm 3-storey building with a 280 delegate conference facility, 10 roomed guest house, 100 seater restaurant, 32 seater coffee shop and a gaming facility

Reference: 203

ID: MV0387

Register Interest

Industry Overview

It has been in business for 40 years and it is still  operated and managed by the founding family.

The business is diverse with  5 different revenue streams.

Location

The location is considered prime in Durban with magnificent harbour views.

Business Description

The business is an institution with a 40 year trading history
Property owning made up of 4 ERFS on a total 5100sqm
3 storey 2400sqm wheel chair (lift and ramps) friendly building
Ample secure parking
Opportunity and space for further development, there are plans for an additional 6 storey building

Financial Summary

Total Profit (EBITDA)
(2021) R1 171 104     (2020)   R1 888 382     (2019)  R1 823 669

Investment Rationale

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

Transaction Information

Full Sale

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.