Ref. No - BFS936545
South Africa, GautengRef. No - BFS936545
Sector - Accommodation
Asking Price
R11,000,000
Monthly Profit
R 132,260
Asset Value
R 6,750,000
Stock Value
R 15,000
Yearly Net Profit
R 1,587,114
Summary
This business offers everything you need to host a beautiful and unforgettable wedding or special event. They have accommodation on the premises that can work as a guesthouse as well. The price includes the land and buildings
Give me more informationFully describe the business's activities?
This is an enchanting bush veld wedding venue outside the vibrant city of Pretoria. They offer a unique bush chapel experience as well as hosting your dream wedding reception.
From the tranquil ceremony in our distinctive bush chapel to the personalized wedding reception, their venue offers everything you need to bring your vision to life.
Also includes two guesthouses on all major platforms including Bookings.com ,Air BnB , Lekkerslaap
From the tranquil ceremony in our distinctive bush chapel to the personalized wedding reception, their venue offers everything you need to bring your vision to life.
Also includes two guesthouses on all major platforms including Bookings.com ,Air BnB , Lekkerslaap
How does the business operate on a daily basis?
This venue offers weddings, special events, normal venue hire and has accommodation available for up to 46 guests
Clients phone and book or come and view the venue and pay a deposit upfront to secure the date.
There is already 19 wedding confirmed and 2 on the process to be confirmed.
Clients phone and book or come and view the venue and pay a deposit upfront to secure the date.
There is already 19 wedding confirmed and 2 on the process to be confirmed.
What Advertising/Marketing is carried out?
Google adverts and targeted online marketing campaigns
What competition exists?
None in the area for the full bushveld experience
How could the profitability of the business be improved?
The number of weddings for the 2024/2025 financial year is already more than the last financial year. This shows how they are growing and the potential this business has.
Revenue could be improved by utilising the venue as a guest house for events in the area or as accommodation when there are no weddings booked
Revenue could be improved by utilising the venue as a guest house for events in the area or as accommodation when there are no weddings booked
Give a breakdown of staff/ functions/ length of service?
2 Garden Maintenace
2 Cleaners
1 Grounds manager
1 Full Time manager
2 Cleaners
1 Grounds manager
1 Full Time manager
Do any have management potential?
There ia a manger on sight but he manages the day to day and isn't involved in the bookings and pre-arrangements for the weddings
How involved is the Owner in running the business?
The owner is there when a wedding takes place, mostly over weekends
When does the current lease end?
The land and buildings are included in the sale price
The land and buildings are in the name of the legal entity
The land and buildings are in the name of the legal entity
What are the trading hours?
Tuesdays - Saturdays: 9am - 4pm
What are the main assets of the business?
Building and both Farms
Strengths?
No competition in the area
Weddings booked till Dec 2024
Weddings booked till Dec 2024
Weaknesses?
Size of the function venue, can only host max 120 guests
Opportunities?
Increase size of venue
Host conferences
Lower price to attract weddings in the winter months
Host conferences
Lower price to attract weddings in the winter months
Threats?
None identified
What is the reason for the sale?
Emigration
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