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Upmarket Boutique Hotel For Sale

Pretoria East, Gauteng, South Africa
Asking Price:
R45,000,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This up market boutique hotel has been trading for 8 years and offers 45 rooms, a romantic wedding venue for up to 350 guests and excellent conference facilities accommodating anything between 20 and 400 delegates.

Situated in a peaceful area in the Eastern suburbs of Pretoria, a mere 30 minute drive from OR Thambo International Airport.

The Area is home to many of the Embassies, numerous shopping malls, restaurants, private hospitals, tourist attractions and historic sites.

Facilities:

45 Rooms including Executive Rooms, Honeymoon suite and 2 self-catering units.

Wedding Venue for up to 350 guests.

Conference/event venues catering for between 20 and 400 delegates.

Restaurant and Licenced Bar.

Breakfast Room.

Beauty Spa.

Kiddies Playground.

Swimming pool.

The business has five revenue streams which includes:

Accommodation (40%)
Event Venues (7%)
Beauty Spa (23%)
Restaurant (25%)
Bar (5%)
Financial Position:

The business achieved a 30% growth on turnover, year-on-year, from 2014 until 2020.
After a decline in 2021 due to the coronavirus pandemic, it recovered with more than 100% growth in 2022.
The business has a positive cash-flow and invested heavily in maintenance and renovations.
Fixed Assets – R25m.

Loose Assets – R1,5m.

Future confirmed Bookings – R750 000.

Stock & Inventory – R500 000.

Cash on hand – R500 000.

Selling Price – R45 million.

Further info including Financials will only be released on signing an NDA.

Property Information

Real Estate:

Real Property Included

Location:

Peaceful area in the Eastern suburbs of Pretoria

Premises Details:

Fully equipped Boutique Hotel with wedding venue, conference facilities, restaurant, Bar and Spa .

Business Operation

Reasons for selling:

Owner is emigrating.

Years established:
8

Other Information

Support & training:

Full handover by owner.

Furniture / Fixtures value:
R25,000,000 - included in the asking price
Inventory / Stock value:
R500,000 - included in the asking price

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