Two Beautiful Venues and Luxury Guest House

Eastern Cape

R 32 000 000

Financial Information

Detailed financials available on request

Successful family lifestyle business for sale. This business comprises of a guest house and conference & wedding venue business 3 separate properties with multiple zonings based in Port Elizabeth, in the Eastern Cape. The 4-star graded guest house is a popular choice for both business travelers and guests using the conference & wedding venue. The guest house offers luxury accommodation and is offered as a turnkey operation. It is conveniently located just minutes from the airport and in close proximity to all areas of the town. This offer is ideal for investors looking for a lifestyle business in the Eastern Cape or hospitality groups looking to gain a foothold in the Eastern Cape. The asking price excludes VAT and stock.

Reason for selling

This is a family business and the parents are looking to retire, so as a family they decided to sell the business.
Annual revenue
R 11,725,255
Monthly cash flow
R 210,863
Stock value
R 0