There are many guesthouses for sale in Cape Town and the quality and value for money differs greatly.
- Some guesthouses for sale are not currently being run as businesses but more as an additional income to the household or even a hobby. Many do not have the correct zoning and are unable to supply accounts that justify the price they are being marketed at.
- Other guesthouses for sale are the exact opposite with excellent marketing structures, full accounts, correct zoning and star ratings.
- Most are marketed via estate agents whose expertise lies within the private dwelling sector of the property market as opposed to business consultants. Their interest stops once the guesthouse sale has been concluded.
- Guesthouse sale agreements are often the same as house sale agreements – not taking into account the intricacies of the sale of a running concern.
A guesthouse purchase represents the purchase of a business, a family home and in many cases the opportunity to fulfill an ambition. Not only is it a major financial investment but emotional one as well.
With such a significant decision to make it makes sense to engage the services of an expert.
SA Homebuyers is a dedicated buyers consultant – this means we act for the buyer not the seller.
Our role is to help you decide on the correct location, uncover the right property, negotiate the best possible price, terms and conditions, ensure the legalities are covered and help get your business up and running.
Our services can be retained as a package or individual components ensuring they are tailored to meet your exact requirements.
Below is a menu of our service proposition – all designed to ensure your ultimate goal of running a successful and profitable guesthouse are turned from plans into reality.
- Property search
- Location advice based on your needs and industry trends.
- Compliance with regulations and zoning.
- Comprehensive search of our network of selling agents and private sellers.
- Short listing.
- Accompanied viewings.
- Expert critiquing.
- We also offer an approach service if you seek or we identify an existing guesthouse not currently on the market.
- Finance
- Comprehensive market research in formulating offers.
- Associated purchase costs.
- Business budgeting.
- Exchange control issues and money transfers.
- Accountancy.
- Banking.
- Legalities
- Formulating offer to purchase contract in conjunction with our attorneys.
- Zonings issues.
- Stock and asset registers.
- Immigration requirements (where needed).
- Insurance and disclaimers.
- Guesthouse Setup
- Connection and transfer of utilities.
- Recruitment of domestic staff and services.
- Suppliers.
- Marketing
- Website design and client management system.
- Marketing plans and campaigns.
- Where to advertise.
- Networking.
- Additional money streams.
- Guesthouse consultancy – expertise to ensure setup, operational structures and ongoing consultancy.
As with most hospitality industries, a successful guesthouse gets one chance to do it right. For immigrants the purchase and setup of their guesthouse will have a profound effect on their ability to remain in Cape Town and obtain a return for their financial and emotional investment. It is therefore essential to get it right.
We offer the most comprehensive guesthouse purchase and support service in Cape Town. But don’t take our word for it – contact us to see for yourself what value we bring.
