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Highly Profitable Hotel, Bar And Restaurant For Sale

Muldersdrift, Gauteng
Asking Price:
R3,400,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R500K - R1.5M

Well established Hotel for sale in Muldersdrift.
This business has been in operation for over 50 years and has proven to be profitable

Currently running two Bars with a large regular client base.
A restuarant and kitchen in full operation.
10 Rooms are available, 4 of which require renovation, 6 of which are recently renovated.
Large Gardens and a swimming pools and a river for entertainment.

The business is fully operational with trained staff, designated suppliers, cameras and alarm system.

The venue itself has hosted events for over 500 People and has potential to be a successful events venue to add to the core business.

Property Information

Real Estate:

Lease

Lease Terms:

3 Years remaining on Lease with first right of refusal for a further 5 years.

Leasehold Rent:

R360,000 per annum

Living Accommodation:

10 Rooms and two cottages are available.

Location:

Prime location situated just off the Highway in the main street running through the town.

Premises Details:

The business is located on a large property boasting large gardens ideal for hosting large amounts of guests. The focal point being the River running through the property.

Business Operation

Expansion Potential:

Huge potential for expansion on the existing business. The grounds scattered with natural beauty and high foot traffic of already established customers would allow the potential buyer to host large events such as Weddings and conferences.

Competition / Market:

Competition in the area is relatively low as the business is surrounded mainly by wedding venues.

Reasons for selling:

2 partners are currently involved, one is retiring and the other is emmigrating.

Trading hours:

8am till late Monday to Sunday

Employees:
8
Years established:
+- 50 years

Other Information

Support & training:

Support in all aspects from suppliers and general business management will be handed over to the prospective buyer.

Furniture / Fixtures value:
R400,000 - included in the asking price
Inventory / Stock value:
R300,000 - included in the asking price

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