Profitable 15 Room Randburg Lodge & Conference Business For Sale

Business description

The property offers comfortable Bed & Breakfast accommodation in private and secure chalets, all en-suite and with their own entrances. 15 rooms in total with an additional 2 conference rooms. The property sleeps more than 60 people if all beds are full as many of the rooms are family rooms. Great proximity to Randburg CBD and only 10 minutes to Sandton's CBD. Close to all the main business and entertainment hubs - Sandton - Randburg - Cresta - Monte Casino - The Dome - Brightwater Commons (Old waterfront). There are restaurants, take aways, Pick and Pay, Clicks, Mr Price and Home all within walking distance. Plus a Mr Delivery service to the door.
The Guest House has 3 Stars on the TOURISM Grading Council of South Africa, 3 Crystals on the SABS Grading system, is an Associate of the AA Quality Assurance Program and a member of the Guest House Association of SA (GHASA).
The rooms are all equipped with fridges, microwaves, extra crockery and cutlery, TV, tea/coffee and en-suite facilities. They have their own entrances from a patio. There are braai (barbecue) facilities in the gardens. The double / twin / family rooms have single or bunk beds as well as a double. There are beautiful gardens with a swimming pool. There is plenty of "off-street and out-of-sight" parking.
- Healthy breakfasts served
- Private and secure
- Fax, e-mail and typing can be arranged
- Wireless Internet Connectivity
- Functionally comfortable
- Airport transfers by arrangement
- Credit card facilities
Other services include:
- Itinerary planning and bookings
- Competitive car hire rates
- Chauffeur services
- Tailor-made tours of Gauteng
Conference facilities:
The conference room can accommodate up to 45 people depending on the seating arrangement.
The property is one acre (+4000 m2) in extent with +/- 900 m2 of buildings. It is situated in the heart of Randburg, Johannesburg. It is surrounded by business and residential property. It is well placed with easy access to main roads and highways. There are many “landmark” business and entertainment hubs on the doorstep.
- The property is in an excellent state of maintenance. There is three phase electricity and two sewerage outlets. There are numerous fire extinguisher points and all rooms and internal public areas are equipped with smoke detectors.
- The rooms are all en suite with either shower or bath. They all have their own entrance and private patios in front. All are equipped with fridges and microwaves, plus china and crockery to assist in self catering. Most rooms have safes. There are numerous braai facilities in the gardens.
- The gardens are well established and beautiful with nearly all rooms having a vista onto them. An attractive good size pool creates a focal point.
- There is secure parking for up to 35 cars.
- Electric security fence around the entire property and there is remote gate control access.
- Guardhouse for night reception and security.
- Secure WIFI and plug-in internet connectivity on the entire property.
- There are numerous store rooms, laundry room and four servants rooms.
- 2 conference rooms can accommodate 35 and 10 delegates respectively and are complete with white boards, air conditioning in the one large room and all the other furniture needed for a conference.
- Dining room is equipped for self service use and has a capacity for 35 guests. There are also a number of patio areas with additional seating.
- The office/reception is functional and in the heart of the activity. It is large enough for 2-3 people to work at the same time.
- The kitchen is spacious, clean and compliant and equipped to serve breakfasts.
Infrastructure:
- Staff compliment of 4 maids plus 2 part time to cover weekends off, peak times and holidays. 1 Gardner/handyman, 1 night reception.
Marketing
- Majority of guests are business travellers and their profile demographics are: 1. South African Management level and below from other towns and areas within SA. 2. Similar level from other African countries. Many guests are business travellers from Zimbabwe, Botswana and Zambia. 3. A mix of tourists and business travellers from all over the world, but a majority are from the UK and Germany.
- Pricing presently R395 single/R495 double. Standards of furnishing, service and facilities are geared for the three star market.
- Occupancy rate has been in the high 80% for years.
- 2 websites maintained by guest lodge.
- Hosted on many ancillary accommodation sites, like www.savenues.com.
- Advertising is done in various publications: Getaway Magazine, GSA, AA Handbook, Yellow pages...etc.
- Guest Lodge has a number of “blue chip” corporate users.
- Excellent word of mouth and repeat business.
Financial Considerations
- Open since 1995.
- Annual Net Income: R841,000-00
- Annual Turnover: +/- R1,900,000-00
- Occupancy rate: 80% plus
- Rated 3 Star
- Furniture and fixtures (replacement value) R500,000-00

Property information

Real Estate:

Real Property Included

Location:

Heart of randburg, 10 minutes from Sandton CBD

Premises details:

Excellent condition, well maintained throughout.

Business Operation

Expansion potential:

Conferencing has excellent potential to grow. Could upgrade and provide liquor lisc. , could serve dinners and lunches to guests.

Reasons for selling:

Owner is retiring

Other information

Furniture / Fixtures value:

R500,000 (included in the asking price)