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Commercial Going Concern - Accomodation, Restaurant, Pub

 

PROFILE    
Description:    This commercial property can accommodate 531 guests and has an operational commercial kitchen, office block, conference facility, beer garden and pub.
Industry / Sector:    Hospitality - Hotels and Guesthouses
 
LOCATION    
State / Province:    Limpopo RSA
City / Town:    Ba-Phalaborwaw
Location / Area:    Namakgale
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 17 700 000
 
FINANCIAL & OPERATING INFORMATION    
Turnover:    R 300 000 per month
Profit:    R 40 000 per month
Annual Return:    3 % per annum
No. of Staff:    0
Year Established:    2000
Legal Persona:    - unknown or withheld -
Other Information:     
  INCOME STREAMS  
  1. Accomodation blocks with 67 x 4 bedroom, 37 x 2 bedroom, 169 x 1 bedroom, 1 dormitory.
    Serviced by 4 x lounge/TV rooms.
  2. Commercial kitchen with walk-in cold room, freezer room and dry stores.
  3. Spacious dining hall.
  4. Office block with neat conference room.
  5. Well known and busy bar/pub with good monthly income.

  FURTHER PROPERTY FEATURES  
• Reception area.
• Numerous storerooms.
• Guardhouse.
• Generator.
• Two boreholes and pump station.
• Laundry.

  PROPERTY OWNERSHIP  
Full Title Ownership of property.

  OPPORTUNITY for GROWTH  
• Accommodation of students.
• Erection of more units.
• Housing of labour for the PC mine in Phalaborwa.
• BBBEE certification will allow more tenders.

  REASON FOR SALE  
Owner is relocating.

  AVAILABILITY of AUDITED FINANCIALS  
Available on receipt signature of non - disclosure agreement.

  PROOF of FUNDING REQUIREMENT  
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. You will need to provide proof of these financial requirements in your initial enquiry.

  HANDOVER ARRANGEMENTS and TRAINING  
The owner will assist in hand over.


 

 

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: 2811
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