Hospitality Property Business

Click for Description: Superb B&B for sale in Linden Johannesburg
The B&B is located in Linden, a wonderful mix of suburban tranquillity and urban convenience. Under 5 km from Rosebank, Joburg’s 3rd largest high-rise commercial, financial, and shopping district, and only 7 km from Sandton Central, we are surrounded by green lung areas, have excellent neighbourhood restaurants (22 restaurants) and a vibrant suburban life with schools, churches and sports facilities. Local shopping centres with banks, Spar/PnP grocery stores, chemists and dry cleaners are within walking distance of the B&B.
Linden is an old-world haven of green tranquillity. Its tree lined avenues make you forget that you are in a bustling metropolis and charm you back into the real luxuries of life: slow walks, neighbourly chats and accessible shops. Features: This B&B has 5 ensuite rooms but it also has the potential to easily convert the owner’s apartment into 3 additional ensuite rooms and maybe even a fourth room. The property also has staff quarters and a large double volume garage that could be converted into a manager’s apartment. In Detail:
• Number of years franchise in operation: 35 years.
• Number of employees: 1x cleaner plus a manager
• Trading hours: Flexible depending on the guest arrivals.
• Average monthly turnover: P.O.A.
• Net Annual Profit: P.O.A. Premises The B&B is on a rectangular 1000 m2 property. The house is well built and still in great condition, with a corrugated iron roof (no leaks). It has a small well-established garden easy to maintain, with a small semi-private outside area in front of each room. The rooms are well sized with quality furniture and décor. The bathrooms are modern with upmarket finishing’s. Client Base A lot of corporate clients like to book this B&B for their long-stay relief staff. The B&B also attracts their share of international leisure travellers in transit through Johannesburg.
Listed Price This superb B&B with awesome growth potential, is well-priced at R4 500 000.00 but open to offers.
The price includes all furniture and fits in all the rooms except for the owner’s apartment. Contact Karen on 0823391323 for more info!  

Asking Price: R4,5m

Average monthly turnover: On request

Average monthly net profit: On request

Years in business: 35 years

Location: Linden Johannesburg

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