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Guesthouse Business In Western Cape For Sale

Knysna, Western Cape, South Africa
Asking Price:
R750,000
Sales Revenue:
R1.5M - R3M
Cash Flow:
R100K - R500K

Centrally located, 15 bedrooms, 3-star guesthouse in the center of Knysna. The guesthouse is very well known in the industry, very well decorated and not far from all restaurants and shops. The waterfront is a mere 10 minute walk away.

Property Information

Real Estate:

Lease

Lease Terms:

3 Years with an option of another 2 years.

Leasehold Rent:

R360,000 per annum

Living Accommodation:

No living accommodation, but there is a night manager.

Location:

Centrally located in the heart of Knysna.

Premises Details:

On a square with restaurant and pub just around the corner.

Planning Consent:

All in place.

Business Operation

Expansion Potential:

The building next door has been vacant. There might be a possibility to build extra rooms.

Competition / Market:

Other guesthouses in the area.

Reasons for selling:

Moving on to other parts of the world.

Trading hours:

24/7

Employees:
5
Years established:
25

Other Information

Support & training:

There will be ample training for a prospective buyer.

Furniture / Fixtures value:
R400,000
Inventory / Stock value:
R1,500
Website:
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Home based:
This business can be run from home.

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