Verified Listing
Posted on May 24, 2021 / 90
Price : R46,000,000
Listing Type : Hospitality & Leisure
Location : Grahamstown
Ref. No : 2747
Year Established : 1988
No. of Employees : +/- 50
Trading Hours : 24/7
Turnover : R 1 328 362 pm
Cost of Sales : R 315 827 pm
Expenses : R 719 680 pm
Net Profit : R 300 000 pm
Asset Value : R 39 000 000
Stock Value : R 120 000

Landmark hospitality business for sale in the historical Grahamstown in the Eastern Cape of South Africa. This Property situated in the main street of the city, close to Grahamstown’s prestige Schools, Rhodes university the magistrate and High courts.

Grahamstown is also hosts to various festivals including the national arts festival to which the Hotels conference centres host events and is only a short walk away from the main festival grounds making it the preferred accommodation for festival patrons.

Included in the purchase price is a newly renovated full service Hotel with high occupancy rates and various conference centres together with a 4 star guest house across the street from the Hotel.

Other revenue generating entities include a popular restaurant that services the public as well as the Hotel Guests with a real wood fired Pizza oven and a cocktail/coffee Bar. The business also rents out parts of the building ensuring a steady stream of income and traffic. The property also consists of a Nightclub/Sports bar that is operated by the owner.

This is an excellent opportunity to not only buy several profitable entities but also the Invest in Property with significant value that will in the long run pay for itself.

Christopher Goldschagg – Broker Grahamstown