Picturesque Garden Centre/Restaurant/Accommodation Business for sale.

Picturesque Garden Centre/Restaurant/Accommodation Business for sale.

Introduction:

• It is very rarely that a business like this comes on the market, and if it wasn’t that the owner wants to retire, this business would not have been on the market.
• This business is situated in a historical Western Cape town that is renowned for its nature and picturesque mountain range.
• The town has now become a popular destination/buying of property for overseas tourists and therefore the prices of residential houses are escalating monthly, making it more and more feasible to have a business in the town.
• The business was established in 2014 and has grown substantially on a year on year basis.
• There are 6 full time staff members and the owner is also involved on a daily basis and the business is well managed and is renowned for its excellent client service.
• The nursery/garden centre is fully stocked with a huge variety of plants/pots/pavers/water and garden features, whilst the restaurant has a liquor licence and ample play equipment for children.
• The guest house has a self-catering offering and the rooms are well maintained and gets positive reviews constantly.
• This niche business is also registered with all the relevant organisations/authorities.
• Due to the variety of the products offering, there are various streams of income making it a “safe” business to buy as the business is not only dependant on one income stream.
• The B&B section is internationally continually rated by the booking companies in the top 3, due to both local and international guests being satisfied by the overall service they receive.
• The owner also owns the buildings on the property as indicated in the financials.
• The business operates 7 days a week due to its diversity of product offerings.

Financials:

• Full audited financials are available and the following is a summary of such financials.
• Annual turnover R 3,1 million.
• Sellers discretionary earnings R 1,656 million per annum.
• Stock value on average R 1 million.

Selling price:

• R 15,45 million including property/buildings valued at R 5,6 million.