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Well Established, Extremely Profitable Guesthouse In Bloemfontein For Sale

Bloemfontein, Free State, South Africa
Asking Price:
R5,500,000 Furniture / Fixtures included
Sales Revenue:
R1,600,000
Cash Flow:
R900,000

This guesthouse has been operating very successfully for the past nine years. It specialises in group bookings and is extremely popular with schools and clubs. This establishment is run by a manager who stays on-site to ensure maximum customer satisfaction.

Nine rooms can be extended to twelve. The original house is separate from these rooms and can host up to 10 guests. All the rooms are fitted with energy-saving air conditioners, a bar fridge, microwave oven, cutlery and crockery, and a kettle.

This property hosts a sparkling swimming pool with an entertainment area that contains a built-in braai. There is plenty of parking and three entrances and exits for easy access. Bookings can be made via lekka slaap, bookings.com ,and through their website.

Financial Snapshot:
1. Gross revenue - R 1 563 479.
2. Cost of sales - R 60 842
3. Gross profit - R 1 502 636
4. Expenses - R 633 769
5. Net profit - R 868 867
6. ROI - ±16%
7. Selling price - R5 500 000

Contact us without delay to prevent disappointment

Property Information

Real Estate:

Real Property Included

Living Accommodation:

The manager stays on the premises

Location:

Close by the N1 Highway on the way to Cape Town or Johannesburg

Premises Details:

Situated in a decent residential neighbourhood

Size in square feet:
The buildings are 660 sqm and the stand is 1773 sqm

Business Operation

Reasons for selling:

The owner wants to retire

Trading hours:

24/7

Employees:
3
Years established:
9

Other Information

Support & training:

Training will be provided to the new owners

Furniture / Fixtures value:
R1,000,000 - included in the asking price