Cosy Three Star Budget Accommodation Lodge For Sale

Business description

This a great opportunity for someone to step in and carry this project to it's full potential. It really must been seen to be appreciated. A mainly cash business, the Lodge has 29 beds in a variety of accommodation from a Dormitory to Double Ensuites with TV/DVD combos and mini-fridges.
The Lodge sits in a small village that is located on the edge of the Bot River Lagoon, some 11kms west of the major holiday town of Hermanus, and some 400m from the main Hermanus - Cape Town road.
There is a gym, sauna, solar heated indoor swimming pool, bar (with pool table), indoor and outdoor braai (bar-b-que) areas, 2 satellite TV lounges, main and guest kitchens, guest garden, internet cafe, and is a WIFI hotspot. There is private owner/manager's accommodation consisting of a main bedroom with huge ensuite bathroom/dressing room, two further rooms that could be used as bedrooms, lounges, offices or a mixture of these, an additional bathroom, a laundry/store room and an owner's garden.
The place has been extensively refurbished and completely rewired including the installation of 3 phase electricity.
The business operates on a B&B or Self catering basis to provide maximum appeal to potential customers.
The business opened in January 2007 and the guest accommodation has been modified to give maximum versatility.
The business is growing steadily and has a large percentage of repeat business.
There is a genuine reason for the sale and it is being sold as a going concern on a 'Walk In - Walk Out' basis with only a few items of a personal nature being taken with the current owners and the price is a little negotiable.
The present owners are not moving far and will be on hand to assist the new owners settle in and for any future advice.

Property information

Real Estate:

Real Property Included

Living accommodation:

This includes a Main Bedroom with very large ensuite bathroom / dressing room, a further bathroom, two additional rooms that could be used as a mixture of bedroom(s), lounge(s) or office(s), and a laundry / store room

Location:

The Lodge is situated in the village of Fisherhaven, (a small but quickly developing village), some 400m down the main road from the R43 turn off, (The R43 is the main Cape Town - Hermanus road).

Premises details:

The building is flat roofed and covers a foot print of some 450sq.m. It is rather Tardis like in that it doesn't appear very large from the road but is huge when one enters and starts to walk around. It is mainly single storey but there is a first floor in the guest area to accommodate some of the guest rooms.

Size in square feet:

1497sqm

Other information

Expansion potential:

The Main Dormitory could be converted into another two double ensuite rooms with the ablution block being then converted into another double ensuite, an ensuite mini dorm, or an ensuite twin room. (This was priced up some 6 moths ago at ZAR75,000.00
Due to the layout of the 3 phase electricity the guest areas could also be converted to 2 self contained flats.

Competition / Market:

There is one other Guest House in the area but we cater to different markets so there is not much direct competion. (In fact we have a very good relationship with owners of the other guest house and we frequently pass business between us, for a referral fee). The competition in Hermanus is quite considerable but very expensive, so we keep our prices down and reap the rewards, (especially now the recession seems to be biting).

Support & training:

The current owners will be staying in the village and will train the new owners for a period of 3 months and then be on hand to offer any advice at a later date. It is not the intention of the current owners to see the Lodge's demise as we have spent a lot of hard work getting it to where it is today. We would like to see the place prosper and reach it's full potential.

Trading hours:

Various

Furniture / Fixtures value:

R250,000 (included in the asking price)

Inventory / Stock value:

R50,000 (included in the asking price)

Website:

www.ftlodge.com