Ten Room Ensuite Guesthouse For Sale

Business description

Looking for a GREAT opportunity to work from home and have huge earning potential?? This is the business for you! This 10 en-suite bedroom guesthouse is situated in the fastest growing area of Gauteng, Johannesburg (+20% growth per annum). Originally, the guest house only had 7 rooms, but after the first 8 months of trading, an additional 3 rooms were built to supply overwhelming demand for more beds as there are not enough beds in the area. This area boasts many corportate head offices, conference venues, exhibition centres, training centres as well as a large government venue. With a modern style finish outside, each room is equipped with its own en-suite bathroom, tv, mini bar fridge, tea/coffee making facilities. A large dining room area which can comfortably seat the maximum persons of 17 as well as an entertainment area consisting of a pub, pool table, indoor barbeque and darts board. Outide is a sparkling pool and garden with low maintenance, a verandah with its own barbeque. There is a one bedroom flatlet for the owners/manager consisting of a full bathroom, seperate lounge/dining room and a fitted kitchen. Safe parking can accommodate 12 cars. Security is well in place, consisting of high walls, electric fencing, beams around the whole building, alarm inside the house with armed response. Not only is the guesthouse up for grabs, but the new 8 seater mini bus is also up for sale which is only 9 months old.

Property information

Real Estate:

Real Property Included

Living accommodation:

A one bedroom flat consisting of a seperate lounge/dining room, full bathroom and fitted kitchen.

Location:

Situated in a quiet suburb of Vorna Valley in Midrand, the guesthouse is within 5kms of the CBD. With all the corporate head offices close by, conference and training venues, exhibition centre, Midrand is THE place to have a guesthouse.

Other information

Expansion potential:

In terms of building, no more expansion can take place. The property has been built to the maximum allowance. The shuttle service can increase substantially as this has not been marketed to its full potential. There is a huge need for shuttle service in this area as not many guesthouses offer this service as well.

Competition / Market:

There are approximately 50 guesthouses/B & Bs in the area, but still this is no threat, as most guesthouses support each other with the overflow and on many occasions, there are NO beds available.

Support & training:

Support and training can be offered telephonically of if possible, hands on.

Reasons for selling:

Relocation.

Trading hours:

06h00 - 22h00

Financing available:

Financials are available from auditing firm.

Furniture / Fixtures value:

R350,000

Inventory / Stock value:

R15,000

Website:

www.africove.com

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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