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Bed and Breakfast in Phalaborwa - Investment Purchase

 

PROFILE    
Description:    This is a very well known guesthouse / bed and breakfast in Phalaborwa which consists of three separate houses that are all rezoned for guesthouse, restaurant and bar. The properties can be sold separately but are currently functioning together as one bed and breakfast business.
Industry / Sector:    Hospitality - Hotels and Guesthouses
LOCATION    
State / Province:    Limpopo RSA
City / Town:    Phalaborwa
Location / Area:    This prime property is situated conveniently close to the Kruger National Park Phalaborwa gate
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 4 600 000
FINANCIAL & OPERATING INFORMATION    
Turnover:    - not disclosed -
Profit:    - not disclosed -
No. of Staff:    0
Year Established:    1993
Legal Persona:    - unknown or withheld -
Other Information:     
  PROPERTY CONFIGURATION  
Two of the houses are situated back to back and one across the street.
In total the property consists of 21 rooms.
All furniture and equipment is included in the sale.

House One: 7 En suite rooms.
House Two: 8 En suite rooms, 1 manager's quarters.
House Three: 4 en-suite rooms, 1 large dormitory with 12 beds and 2 en-suite bathrooms.

 
  MARKET LOCATION  
The property is conveniently situated close to the Kruger National Park Phalaborwa gate which is excellent positioning for tourists to support the business.

  REASON FOR SALE  
Owners want to retire and move to the coast.

  FINANCIAL STATEMENTS  
Financials are available upon request.


 

 

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Record ID: 2637
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