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Listing ID: 1769250

Hotel With 3 Different Venues And Slots For Sale

Krugersdorp, Gauteng, South Africa

R 11,000,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: R 1m to 5m

Cash Flow: R 250k to 500k

Business Description

The following properties and businesses are for sale by a private owner. The owner is selling the properties as a value add package, but will consider selling as individual units.

The hotel is Located on the prime street corner of Krugersdorp overlooking the beautiful gardens of the Mogale City Local municipality with 700 employees overseeing Krugersdorp, Randfontein, Western area, Magaliesburg and Carltonville.

- Mogale City is the Capital of the Westrand.
- The Hotel is a Landmark in Mogale City with the same owners involved for the past 30 years.
- The Hotel has won awards like the Sanlam Business of the Year Award.
- The current Owners are in the process of completing a full refurbishment on the property.
- The property and business is geared for the future and success is eminent based on growing demand.
- The business is currently a self contained entity showing good profits and massive potential for growth and expansion.
- There is currently no competitive set in the market and therefore maximum market penetration can easily be achieved with rates dictated by this property ensuring optimal yield.

The properties and businesses are listed as follows:
Hotel and Residences with Retail Space , Krugersdorp CBD, Prime Business Location in Krugersdorp.
Hotel consists of:
22 en-suite graded Hotel Rooms
14 Rooms with Shared Facilities used as Residences
2 bedroom Apartment
1 bedroom Apartment
3 Profitable Food and Beverage venues:
• Popular Bar with 5 slot machines, 4 pool tables and seating for 80 people
• Restaurant function venue with fully fitted kitchen and seating for 120 people
• Pub with 5 slot machines, small fully fitted kitchen and seating for 80 people

Retail Space
Fully Let to a National Branded Fast Food chain on a renewable long term lease.
NB: All of the above has been owned and fully operated by the same owner for the past 35 Years.
Property included

hotel: R 10 500000 on its own

Summary:

All the above properties are sold as the owner is seeking retirement after many years of successfully operating the Hotel and other facets of the business. This is a Value proposition for interested buyers. There is ample expansion possibilities from a business point of view that we will be happy to discuss with the right buyer.

Property Details

Years Established:

35 years

Property Type:

Real

FF&E:

R 2,500,000

Inventory Value:

R 200,000

Real Estate Value:

R 12,900,000

Other Details

Business Location:

The hotel is Located on the prime street corner of Krugersdorp overlooking the beautiful gardens of the Mogale City Local municipality with 700 employees overseeing Krugersdorp, Randfontein, Western area, Magaliesburg and Carltonville. Mogale City is the Capital of the Westrand. The Hotel is a Landmark in Mogale City with the same owners involved for the past 30 years.

Competition:

The business is currently a self contained entity showing good profits and massive potential for growth and expansion. There is currently no competitive set in the market and therefore maximum market penetration can easily be achieved with rates dictated by this property ensuring optimal yield.

Living Accommodation?

Yes
If required there is 2 units that can be used, or rented out for income.

Operation Details

Employees:

15 employees

Trading Hours:

24 hours

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