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#Business ID: 38491

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Profitable 30 Room 3 Star Hotel Near International Airport For Sale

Business Location: Boksburg, Gauteng, South Africa

Asking Price: R 19,500,000 Revenue: R 5m & above Cash Flow: R 1m to 5m

[Furniture / Fixtures included]
[Real Estate Included]

Business Summary

Located 10 minutes from the busiest airport in Africa, this neat 3 star 30 room hotel with current occupancies of 90% is on the market. The hotel is on a major road network which allows for easy access to the freeways that take you all around Africa. There is conferencing revenue as well as function revenue from small weddings and celebrations with daily walk in traffic to the small but tasteful restaurant, used mainly to serve breakfast.

Please contact us for more details.

Property Details

Size:

6000sqm property

Years Established:

2004

Property Type:

Real

Real Estate Value:

R 12,000,000

Other Business Details

Business Location:

Boksburg

Premise Details:

30 rooms, 2 conference rooms, gym, restaurant

Competition:

Usual within the area

Expansion Potential:

Yes

Planning Consent:

Yes would be required to expand, existing no planning consent required

Business Operation Details

Trading Hours:

24 hours

Miscellaneous Details

Reason For Selling:

Owner is 73 years old, time to retire, no succession plans.

Contact this seller

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