Guesthouse in Free State

Free State
Price : R 2,500,000
Listing Type : Guest House
Location : Free State
Ref No. : 2827
Year Established : 2003
No. of employees : 3
Trading Hours : 24/7
Turnover : R 97 334 pm
Expenses : R 85 920 pm
Net Profit : R 11 413 pm
Asset Value : R 524 000

A well-established and ideally located 3-Star graded Guesthouse in a quaint and beautiful area of the Free State that is rich in history. The guesthouse is recognised for its great comfort and luxury and offers competitive rates for accommodation, bed and breakfast and meals. The guesthouse boasts five en-suite guest bedrooms where all rooms have their own TV, air conditioning and ceiling fans for hot summers days and heaters for cold winter nights. The property has solar geysers and a borehole and pressure pump which provides an added advantage in reducing costs from guests bathing and showering and in managing a lush garden, fish pond and swimming pool.

The guesthouse also places a big focus on homemade and wholesome food and puddings, where it offers three course meals and has a liquor license. The sale includes the guesthouse business, the property (3 stands with a total of 5 500 square meters) and all assets, including an extensive collection of South African and European paintings. The asking price is R2 500 000 with an average monthly turnover of R97,000.00 and an average monthly net profit of R11,000.00 per month. The guesthouse has many opportunities for growth through additional online marketing and it can accommodate expansion with space to grow on the property.

Due Diligence