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Established Restaurant With Living Accommodations & Golf Cart For Sale

San Pedro, Belize
Asking Price:
$135,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
Under $50K (USD)

This is the complete package! If you've been looking to move to the Caribbean, live on an island and have your own business, this provides it all. Beautiful Restaurant, located over the water on a resort island just 5 minutes from the heart of town (with regular water taxi's running back and forth). Your living accommodations are included in the long term lease and you are the only restaurant and bar for the entire resort. Want to get away - take the short 5 minute boat ride into town and you have your own golf cart waiting for you (included in the sale). Located in San Pedro, Belize (Ambergris Caye). This restaurant has a long history and has been constantly rated as one of the top restaurants in San Pedro, the number one tourist destination in Belize.

Property Information

Real Estate:

Lease

Lease Terms:

3 years remain on lease

Leasehold Rent:

$12,600 (USD) per annum

Living Accommodation:

One bed, one bath condo located on the resort for the use of the restaurant operator. All utilities are included on the condo as well.

Location:

This business is located "over the water" on a dock which is located on an island resort just off San Pedro Town (Ambergris Caye), Belize. The resort has a shuttle boat that is only a 5 minute boat ride from downtown San Pedro.

Premises Details:

Full service restaurant & bar. Additional opportunity to add a second bar operation poolside without any additional rental needed. In addition the sale includes a lease on a condo that is located on the resort which runs congruent with the restaurant lease (current lease has three more years left and can be renewed). Additionally, a golf cart is included with the purchase for transportation in town.

Size in square feet:
1,600

Business Operation

Expansion Potential:

Their is much expansion potential for this business. The business primarily focuses on the resort guests at this time. Some local traffic as well, but there is little to no advertising of this business in the local community or to tourists that are not staying at the resort. Minimal additional advertising could increase sales volume. There is also a pool bar available to the operator at no additional charge that could be opened to create additional income.

Competition / Market:

The restaurant / bar is the sole food & beverage outlet on the entire island, serving both the resort that it is located on and a few (and growing number) other condos, homes.

Reasons for selling:

Sellers would ask $150 - $160K but due to death in the family and other family matters in the United States, sellers must return to the US. After moving to Belize and running this business for the last 6 years (They have built it into a "mainstay business", being listed as one of the top ten restaurants in San Pedro. Owners are offering at a reduced pricing of $135,000 for a closing before the end of 2019.

Trading hours:

8:30AM - 9:30PM Seven days per week during high season / closed on Mondays in slow season.

Employees:
6
Years established:
6

Other Information

Support & training:

Owners will remain on to train new operators for up to two weeks. Business has full set of books managed by long term accountant that is willing to stay and continue as the accountant/bookkeeper. If additional support is needed, we can supply qualified, long term successful restaurant operators for assistance.

Financing available:

No Financing is available but the business is listed for a "quick sale" reduced price.

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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