Country Lodge And B&B In Graskop Mpumalanga For Sale

Business description

R4,900,000 (four million and ninehundred tsand rand) NON-negotiable. Lock, stock and barrel. Includes all furniture, buildings, the property, stock in trade and equipment. Going concern. WALK IN and MAKE money from day ONE !

Long established lodge resort in popular, scenic mountainous area. 19 en suite chalets consisting of rondavels and log cabins, a conference centre, full a-la-carte restaurant, pub, games room and back pakcers facility. Current owner has owned this resort for the past eleven years. Well established and internationally known, this lodge receives customers from all over the world and South Africa. Huge open space undeveloped. Enough for another 7 to 8 chalets/wooden cabins of 36 sq m each.

Bank financing available: ABSA has indicated they provide a 55% bond. FNB will give you a better deal. So will NEDBANK. Good financials. Good net yield. Prime business with zoning certificate and all legalities in place. Buyer will need deposit of around R1,500,000 to ensure a mortgage for the balance. Also make provision for your government transfer duty and legal fees (to transferring attorney) which will be around R200,000.

Only 8 km from God,s window and 25 km from the Blyde River Canyon. Only 40km from the Kruger National park and on the doorstep of more than seven spectacular waterfalls and scenic view points. The area is a popular motorcyclist tination.

Business is owned in own name as sole proprietary and there is no mortgage on the business stand of 8,999 square meters. No land claims as this is a normal business erf, not farm land. The restaurant is very highly rates as is the unique pub with its motorcycle and cars Grand Prix theme. Our guest book says it all ! This is one secure, good solid business built on good values nd run as a tight and performance based ship ! Manager has been working for seller TEN years and the chef for SIX years. Young dynamic team !

The lodge also has own web site and two more international web sites on more than 99 search protals. DSTV, Liquor license, Tv licenses and UIF all in order. 3 management staff (manager, assistant and chef) plus 9 assistants (cleaners and kitchen) one gardener.

Sale will be split in a Business and property agreement to save on transfer duty. Has been cleared with Revenue services already.
Buyer will need to have R30,000 to R50,000 working capital / over draft and a good solid deposit towards the purchase price.

If you are serious to get out of the rat race but still make a good nett profit, this is it. Contact the André du Plessis, Legal and Labour advisor to the Hospitality Industry above. Financials only available once interested party has provided copy of ID and signed a confidentiality agreement.

Owner wants to retire. Has other interests in another province.

The lodge can be viewed on www.summitlodge.co.za

Franchise terms

none

Property information

Real Estate:

Real Property Included

Living accommodation:

There are two staff houses on the stand. One is used by the management staff and one small cottage by the cleaners.

Location:

On western edge of Graskop town, Market street, near school and main road

Premises details:

8,999 square metres business zoned stand. All under lawn with 2,800 sq m that can still be developed.

Size in square feet:

8999 sq m

Other information

Expansion potential:

2,800 sq m uner lawn can still be developed.

Planning consent:

no planning done by current seller

Competition / Market:

Graskop Hotel and Mogodi Lodge, Graskop

Support & training:

Seller will be available after take-over by buyer to give guidance and assistance on matters of maintenance, advertising, marketing and budgeting and so on for at least a month.

Reasons for selling:

All seller's family lives in the Western Cape as well as own son. Owns house there and wants to move to own house that is unused at this stage. Will open hospitality business again. Is a good field to be in.

Trading hours:

from 7am to 21h00

Financing available:

normal commercial banks, the IDC or cash partner should do.

Furniture / Fixtures value:

R400,000 (included in the asking price)

Inventory / Stock value:

R43,000 (included in the asking price)

Website:

www.summitlodge.co.za