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Award Winning Guesthouse - Coastal W.Cape Location

 

PROFILE    
Description:    A six suite high quality guesthouse, with a pending expansion to nine suites soon. The building is over 500m² in extent, is divided into three functional levels and is fully solar powered. An excellent lifestyle / retirement opportunity.
Industry / Sector:    Hospitality - Hotels and Guesthouses
 
LOCATION    
State / Province:    Western Cape RSA
City / Town:    Cape Town
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 13 600 000
Conditions:    Can be arranged
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 200 000 per month
Profit:    R 85 000 per month
Annual Return:    8 % per annum
No. of Staff:    3
Year Established:    2010
Legal Persona:    - unknown or withheld -
Other Information:     
        ASSET VALUATION        

The planned expansion to add three extra suites is imminent.
The building is over 500m² and is divided in 3 functional levels and is fully solar powered.

To build now with mostly double interior walls would not cost less than R25,000 per m². The cost of the building would thus be R12,5 million excluding the stand. Empty stands in this seaside town vary from R3,5 to R5,5 million.

        PROPERTY / BUSINESS MIX and RETURN ON INVESTMENT        

If there is fixed property, such as land or buildings, included in the offering then it may be necessary to split the components to get a more accurate ROI value on the operating business, especially where the property is really just used to house the operating business for tenancy purposes.

With a guesthouse business the property and business are indivisable but the property is subject to less business risk in terms of operating failure and is also benefits from generally appreciating property values.

A valuation on the building removed from the total price leaves the operating nett profit expressed as a percentage of the remaining price generating an annual return of around 25%. These calculations can be discussed with a potential buyer.

        STAFFING and OPERATION        

There are three full time experienced staff members.

The dining room serves three meals a day if required. All ingredients are sourced locally if possible and ordered daily to maintain freshness standards.

 

 

Access a ''Contact Form'' where you can provide your own contact details and ask any relevant questions. The form will be sent directly and immediately to the seller of this business.
Record ID: 2999
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