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Profitable And Well Established Guesthouses At Gariep Dam For Sale

Gariep Dam, Free State, South Africa
Asking Price:
R3,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R2,200,000
Cash Flow:
Under R100K

The owner is retiring and has decided to sell this popular, well establish and profitable business.

SunRose Group is a Self-catering group of Guest Houses situated in the heart of Gariep Dam, which is halfway between Johannesburg and Cape Town and is only 5 minutes from the N1 highway, making this the ideal place to stopover to break the journey.

This is a well established Self-catering Guest House business, started in 1995 and considered to be one of the best guest house complexes in the Gariep Dam Village.

The owner, Robin van den Berg has finally decided to retire and is looking to hand over this very well established and profitable business to an honest and respectable buyer.

SunRose is divided into 15 units across 4 different premises providing the Guests with the ultimate comfort and privacy with beautiful Gardens. The Guest Houses can accommodate up to 48 Guests per day. Each unit is fully furnished and has an unique style, private bathroom with solar geyser and private outside braai with lapa and parking area with access to a shared splash pools. Borehole water in use for an uninterrupted water supply.

The sale of SunRose Gariep Dam Division will include all furniture.

This is a walk in and takeover business, it runs like a clock work with ever increasing bookings.

Right and ownership of Established websites that are mostly all linked to our NightsBridge online booking and admin system. Most bookings are done automatically, booked and paid into our bank account. There is very little cash collection.

Excellent marketing, strong social media presence, many repeat clients. Excellent systems in place, fantastic well trained staff.

The property, buildings and business is being sold in one lot as a going concern.

It has built up a reputation with both private and corporate customers over the years with a network of repeat guests and referrals.

Gariep Dam is the ideal place for guests to break their journey and enjoy the activities the Gariep Dam has to offer and the most beautiful surroundings as well as the crisp clean air of the Great Karoo. Ideal for those wanting to break away from the city rush to enjoy superb water sports, yachting and fishing or fly at South Africa’s no 1 Microlite & Gyro paradise from the comfort of these Guest houses. The Dam is breath taking when it overflows and attracts a large volume of Guests. It is also a popular tourist destitution for families to meet halfway for family reunions.

Further information available upon request, please contact seller below for more details.

Property Information

Real Estate:

Real Property Included

Location:

These Guest houses is situated in the Gariep Dam holiday village and is approximately half way between CT and Gauteng and only a 5 minute drive from the N1 highway. It is just 44km north of Colesberg.

Premises Details:

These 15 units are situated on 4 separate properties and provide the guest with ultimate comfort, style and privacy under lush gardens. Within these 15 units there are 19 private bedrooms that can accommodate up to 48 guests at one time.

Business Operation

Expansion Potential:

During the busy periods, there is opportunity to expand.

Competition / Market:

There is a forever resorts nearby, however, this has not really affected us.

Reasons for selling:

Owner is now aged 65 and is wanting to retire.

Trading hours:

Mon-Sun, 24/7

Employees:
8
Years established:
27

Other Information

Support & training:

Business is a walk in and take over business, training will be provided on the Nightsbridge online booking system and booking clerk can remain on duty and assist in a smooth transition.
All bank accounts and Merchant agreements will be transferred to new owner.
This will be a painless and easy take-over

Furniture / Fixtures value:
R800,000 - included in the asking price
Inventory / Stock value:
R25,000 - included in the asking price
Website:
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Related Documents:

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