Wedding / Conference Venue With Wellness Center
Location South Africa
Asking Price Range $1.0M - $2.5M
Gross Revenues $2000000
Net Profit / Cash Flow $1600000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2002
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Reason for Sale Emigration.
Description Lovely multipurpose established business with great expansion potential in Krugersdorp. This property is over 2 hectares and includes, land, buildings, and furniture. Turnkey operation. The Ayurvedic Center is staffed by 2 Doctors that are prepared to stay on. The wedding and conference section is thriving and has bookings for 6 months in advance.
No. of Guest Rooms: 5 of which 2 are en-suite. The guest rooms are situated in 2 brand new double storey cottages with 2 double garages. They are fully fitted with built-in cupboards and are tiled. The bathrooms are have top class finishes. The homes consist of 2 lounges, 2 dining rooms, 2 kitchens, 2 sculleries and there is ample space in the basement for further development which can very easily be converted into another flatlet. The rooms have excellent view of the mountains that surround the venue.
Description of Owner/Manager's Accommodation: a one bedroom flatlet. The venue has a fully fitted bar and balconies that are used to for the restaurant. The bar and restaurant are licensed. The main car park is fully paved and accommodates 60 cars. A further 60 cars can be parked on the first level lawn. The venue is situated along a main road and leads into fully paved driveways throughout the centre.
Other Facilities : 700 seater fully fitted hall. The lower floor of the hall has 6 rooms and a toilet and bathroom. This is presently being used as a health spa. 250 seater chapel, Bridal Suite - Fully fitted and immaculate. Gazebo, Large storage room.
Furniture Included - The business presently operates by word of mouth. Great potential exists if a little advertising will be done. Almost 1/3 of the property is undeveloped and can be utilized for additional accommodation which is always in demand since this is the route of many tourist destinations. Email Deborah for more info. on this Wedding / Conference Venue for sale. Inn Properties.
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