Percentage Share In Guest Lodge With Property For Sale

Business description

Looking to retire at the coast but still want to earn an income in a rewarding business ? Why not purchase a share in an upmarket executive Guest House in the prestigious suburb of Umhlanga Ridge and earn a share of the profits as well as receive a management income while living almost cost free. The Tourism Grading Council has sanctioned plans to transform the existing Guest House into a 4 or 5 star Guest Lodge with 7 rooms (all en suite) and a fully equipped manager's / owner's quarters. A minimum 26% share of the development is for sale at a cost of R1 85m. The business will pay a management income of R12 500 per month to the investing person/s to manage the Lodge.

Franchise terms

N/A

Property information

Lease terms:

TBD

Living accommodation:

N/A

Location:

South Africa KwaZulu Natal Greater Durban North Durban

Other information

Expansion potential:

N/A

Competition / Market:

Focus Marketing has researched businesses and B&B s in the area Tourism KZN and the Tourism Grading Council and has ascertained that there is a major shortage of good quality accommodation in the Umhlanga area mainly from a business visitor perspectiv

Support & training:

N/A

Reasons for selling:

The owner is looking for an investor willing to become a minimum 26% shareholder in the development and mangement of the Guest Lodge.

Trading hours:

N/A