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Popular Bed and Breakfast at Kruger

 

PROFILE    
Description:    About 6 kilometres from the Malelane Gate entrance of the Kruger Park, this property offers a reception, living room, dining room and kitchen. A thatched lapa with built-in bar (licensed) and swimming pool, large garden with seating, 5 luxury bedrooms and 6 bathrooms. Popular with tourists. Off street parking. Rooms are all air-conditioned, flat screen TV's with Hotel Package. Includes most of the furniture accept for a few items and no art work. Back up water supply installed. Popular ongoing concern with bookings already into 2017.
Industry / Sector:    Hospitality - Hotels and Guesthouses
LOCATION    
State / Province:    Mpumalanga RSA
City / Town:    Malelane
Location / Area:   
Portability:    Zero Portability - This business can only operate from the area specified. There is no potential whatever for it to be relocated elsewhere.
PRICE    
Asking Price:    R 2 600 000
Conditions:    Negotiable subject to conditions.
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 60 000 per month
Profit:    R 39 000 per month
Annual Return:    18 % per annum
No. of Staff:    2
Year Established:    2011
Legal Persona:    Close Corporation
Other Information:     
Building and business included in the price.

  STAFFING  
1 Permanent, 1 Part time, Garden service on contract. Very loyal and will surely continue in their positions.

  NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT  
No Experience needed, just a friendly and welcoming manner. We will assist in the first month of takeover.

  MARKET and CUSTOMERS  
Not only to we have returning customers but we strive on marketing as a tourist destination and thus most of our clients are overseas tourists. We have a good reputation which shows in the reviews we receive.

  OPPORTUNITY for GROWTH  
The area is growing rapidly with a new shopping center just opened and another on its way. Popular shopping for our neighbors from Mozambique and Swaziland. On the premises you are able to expand by at least another 2-3 rooms comfortably. Preapproval has been granted, would just need to submit plans.

  LIFESTYLE ISSUES  
We operate 7 days a week but take 3 weeks off a year for annual holidays. We either get a stand in Manager or close for a few days over that period. Depending on what time of the year.

  REASON FOR SALE  
Relocating.

  NON-DISCLOSURE AGREEMENT  
Will need to be signed before any financial and more details are given.

  AVAILABILITY of AUDITED FINANCIALS  
Up to date

  SALE CONDITIONS  
No Seller finance, purchase as is.
Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase. The seller will not entertain any discussions or provide any details or documentation or accept any offer unless you first meet this criteria.
 

 

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Record ID: 2656
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