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accommodation

Mandate 1078

R 62,500,000.00

Accomodation Hotel and Events Facility – This amazing, well established and pristine facility is a must for someone who has great personality and experience in the hospitality business. Simply buy it, move in and begin growing this awesome facility. Excellent opportunities for growth. 46 Stand Eco Estate included. Location: Bela-Bela (old Warmbaths) Year Established: 2001 Number of Employees: 24 Hours of Operation: Mon to Sun 10:00 – 22:00 Lease Term: N/A Property owned by you Basic Monthly Rental: R = Bond or not Movable Asset Value: R2 000 000.00 Fixed Asset Value: R40 000 000.00 Stock Value: +-R2 500 000.00 Annual Escalation of leases: Bond if applicable Average Monthly Turnover: R426 000.00 Average Monthly Expenses: R375 000.00 Average Monthly Net Profit Before Tax: R141 000.00 Asking Price: R60 000 000.00 all inclusive Reason for selling: Owner is ready for a new lifestyle in the Cape Province

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Product Description

Broker Name: Jason Kennedy
Broker Contact: 0617927640
Broker Email: jasonk@renwickbusiness.co.za
Mandate number: 1078
Category: Accommodation
Location: Bela Bela
Year Established: 01/08/2001
Number of Employees: Existing staff x 24
Hours of Operation: 10:00 – 22:00 daily
Lease Term: The property is owned by the current owner, thus no lease or any other complicated contracts, just simply an account for municipal services from Bela-Bela local municipality.

Movable Asset Value: R 5,400,000.00
Stock Value: R 2,500,000.00
Average Monthly Turnover: R 426,995.00
Average Monthly Expenses: R 222,713.00
Average Monthly Net Profit Before Tax: R 140,815.00
Asking Price: R 62,500,000.00

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