Guest House Conference and Spa Facility For Sale

Business description

A well-established(5 years) guest House, Conference and Spa Facility. A regular excellent income stream with amazing growth potential.

The establishment is on a 7 acre property with planning permission in place for considerable expansion.

With the 2010 world cup to be hosted in South Africa, NOW is the right time for an investor to take the opportunity to expand this attractive business to take full advantage of the current and future market potential.

Property information

Real Estate:

Real Property Included

Living accommodation:

There is currently limited living accommodation as most of the space is used in the business. Ideally, a separate living accommodation should be built(plenty of free space for this). This is a very viable option as land prices are excalating in this high development area.

Location:

Countryside, but very close(3 kms) to high growth business, residential and retail area(Fourways - Northern suburbs of Johannesburg)

Other information

Expansion potential:

There is a lot of space to expand the accommodation and conferencing facilities. Many of the existing and planned new entrants are resticted in their space availabilty.
Whilst spas have reached a level of maturity in other parts of the globe, it is still a fairly new concept in SA. This is seen as a major opportunity for this establishment due to the beauty and convenience of its location. There is a wealthy "Nouveau Elite" which is very attracted by short, convenient, pampering type getaways - a relatively untapped market. Only one or two spas are really giving the market what it requires at this time.

Competition / Market:

Other accommodation, conferencing and spa establishments. There is currently a shortage in all three sectors. Many home-owners are converting their homes into small accommodation enterprises in anticipation of 2010

Support & training:

Currently owner run. Taining in all aspects of the business would be available. Ideally, this should be supplemented with "new blood" and innovative ideas. There is huge scope for creative individuals

Reasons for selling:

Retirement and travel

Trading hours:

24

Furniture / Fixtures value:

R600,000

Website:

www.chartwellcl.co.za

Related documents:

• 
• Chartwell country lodge conference package

• Our Customers

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