This up market boutique hotel has been trading for 8 years and offers 45 rooms, a romantic wedding venue for up to 350 guests and excellent conference facilities accommodating anything between 20 and 400 delegates.
Situated in a peaceful area in the Eastern suburbs of Pretoria, a mere 30 minute drive from OR Thambo International Airport.
The Area is home to many of the Embassies, numerous shopping malls, restaurants, private hospitals, tourist attractions and historic sites.
45 Rooms including Executive Rooms, Honeymoon suite and 2 self-catering units.
Wedding Venue for up to 350 guests.
Conference/event venues catering for between 20 and 400 delegates.
Restaurant and Licenced Bar.
The business has five revenue streams which includes:
Event Venues (7%)
Beauty Spa (23%)
The business achieved a 30% growth on turnover, year-on-year, from 2014 until 2020.
After a decline in 2021 due to the coronavirus pandemic, it recovered with more than 100% growth in 2022.
The business has a positive cash-flow and invested heavily in maintenance and renovations.
Fixed Assets – R25m.
Loose Assets – R1,5m.
Future confirmed Bookings – R750 000.
Stock & Inventory – R500 000.
Cash on hand – R500 000.
Selling Price – R45 million.
Further info including Financials will only be released on signing an NDA.