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This well known profitable guest house has been established by the existing owners 15 years ago and is located in quiet surroundings in Pretoria East.
It has built up a reputation with both private and corporate customers over the years with a network of repeat guests, referrals and website references. The large lapa and pool area is located in a neat garden, making it very convenient for corporate groups and families to enjoy themselves after work or during the day.
There are 11 guest rooms available with nearly all direct private excess to the garden. The guest rooms consist of an Executive, two Luxury and the remaining all of good size and comfortable. All rooms complete with aircons, DSTV and fibre WIFI.
The separate owner or manager living area can also be converted to a guest room if needed.
The guest house is fully equipped with ample solar panels which is a big plus attraction for potential guests.
The place is extremely neat and well maintained.
The guest house can easily be operated by a fulltime manager and three assistants. Only breakfast is being served as the guest house is close to major shopping malls or food can be delivered.
The existing husband/wife owners are elderly and wishes to retire.
The asking price is basically an asset sale with the property and all fixtures and furniture as a going concern.
EBPITD/SDE profit (Earnings before Proprietors Compensation, interest, tax and depreciation – Sellers Discretionary Earnings) is R51,460 per month (R617,580 average per year) equating to a ROI of 6.5% plus property price escalation over time.
There is still scope to grow the business in terms of occupancy levels for a younger owner with a flair and enthusiasm for the hospitality industry.
Real Property Included
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