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Family Owned 50 Years - Hotel For Sale

62/wk
5 Chapel Street Central, Port Elizabeth, Eastern Cape, South Africa
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Asking Price$625,000
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed Employees36 full-time
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
The Phoenix Hotel Is Situated In The Historic District. Parallel
And One Block Above Govan Mbeki Avenue (Main Street) Port Elizabeth, South Africa.
100 Metres From The Opera House.
220 Metres From City Hall.
450 Metres From The Harbour.
2.5 K's To Kings Beach
4.5 K's To The NMB Soccer/Rugby Stadium
2 K's To St George's Cricket Stadium
With Easy Access To The New Coega Deep Sea Port.
Facilities:Stage Door Bar - seats 55/60 Cantina Restaurant - seats 60/55 Back Stage Bar 25/30 cocktails 11 letting rooms - 6 with bathroom on suite (9 recently themed - 4 with bathroom on suite - the top floor completely refurbished. The top floor also has a managers flat 2 bedrooms, lounge, kitchenette with bathroom and toilet. There is a small flat on the lower flaw 2 bedrooms and 2 bathrooms. 3 lockup garages - 1 used for storage. 6 off street unsecured parking. All public toilets have been upgraded to 4 star standard in the last 6 months
Growth Potential:New blood on the premises can make a big difference We are already rate 4.6 oy of 5 by Facebook https://www.facebook.com/Stage-Door-Phoenix-Hotel-Port-Elizabeth-134364173282401/
Training/Support:Negotiable
Seller Financing:None
Sale Reason:73 years old - have other interests in 2 othe countries that need attention.
Ad #100256
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Warwick Ofsowitz
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