Successful Country Hotel With Huge Expansion Potential For Sale

Business description

The Country Inn is located on the village square in the heart of this tourist village. A world renowned birding destination, Wakkerstroom is also one of the fastest growing tourism destinations in Mpumalanga. . Average annual growth of the business has been 32.2% per annum over the past 5 years. The Country Inn has 10 en-suite bedrooms, a pub with a large verandah and separate dining room and a brand new, fully equipped 100 seater wedding/conference venue.(opened August 2009) The plot is set on approx. 4800m2, taking up a third of one side of the village square. There is HUGE expansion potential, with a very large room which can seat 40 ( previously the conference centre) currently not being used; a beautiful patio (can seat approx 35) in the courtyard not being used, an old 'cottage' with its own walled off garden can be renovated into either extra accommodation or a shop. A further 300m of land faces onto the village square can be converted into shops, a tea garden etc...possibilities are endless! There are also old dormatories with ablutions which can be renovated. The non-renovated portions are on their own erf, and, as it is prime business land, can easily be sold to recoup some capital expenditure. We also own a 3 bedroom house across the road (not included in the hotel price) which could be bought as owners accommodation or as an annex to the hotel. (There is a 2 bedroom apartment in the hotel which is suitable for owners/managers accommodation). This is the perfect business for someone wanting to live in a beautiful, country environment in one of the safest places in South Africa, while profiting from running the most successful tourism business in Wakkerstroom!

Property information

Real Estate:

Real Property Included

Living accommodation:

There is a 2 bedroom flatlet in the hotel that has, until recently, been used as owners accommodation. It is now being used as a guest suite. There is a small 'cottage' attached to the hotel (although on a separate erf) which can easily be converted to accommodation. We also own a 3 bedroom house across the road (not included in the hotel price, for sale at R650k) which could be bought as owners accommodation or as an annex to the hotel. Can be negotiated with the sale of the hotel

Location:

In prime location on the village square in the heart of Wakkerstroom

Premises details:

The hotel buildings are 1200m2 (this excluded approx. 800m2 of buildings and garages which can be renovated). The property size is 4800m2

Size in square feet:

4800m2

Other information

Expansion potential:

There is HUGE expansion potential, with a very large room which can seat 40 ( previously the conference centre) currently not being used; a beautiful patio (can seat approx 35) in the courtyard not being used, an old 'cottage' with its own walled off garden can be renovated into either extra accommodation or a shop. A further 300m of land faces onto the village square can be converted into shops, a tea garden etc...possibilities are endless! There are also old dormatories with ablutions which can be renovated. The non-renovated portions are on their own erf, and, as it is prime business land, can easily be sold to recoup some capital expenditure.

Planning consent:

All the 'outbuildings' are already existing structures therefore planning permission will not be needed for any renovations

Competition / Market:

The Country Inn is the largest tourism business in Wakkerstroom. It is the only business which has accommodation and a restaurant on one premises, which appeals to visitors. It is also the only restaurant in Wakkerstroom which is open 7 days a week. As the majority of accommodation establishments in the village are self catering, most visitors visit the hotel at least once (often a few times) during their stay. In the 6 years we have owned the hotel, a few restaurants and pubs have opened which has only served to increase the number of tourists to the village and have therefore directly benefitted our business. We are not aware of any new businesses opening in competition to us.

Support & training:

We will be willing to stay for an agreed period to assist the new owner in any training necessary

Reasons for selling:

Moving to be close to family

Trading hours:

Monday to Sunday 8am - 9pm/10pm

Website:

www.countryinn.co.za