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Listed by:

Matchmaker Business

Price Reduced Hotel For Sale

Belize
Asking Price:
$899,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
$150,000 (USD)

Huge price reduction 500K reduction ...Great Deal 23 Unit Hotel In Corozal, Belize For Sale For $899000 Trip Advisor states: "The hotel is beautiful, so clean, staff very friendly and helpful". Established in 1957 with the current Owner in charge since 2003. The hotel was completely rebuilt, including foundation 2004 and 2005. The foundation is rated for 5 floors. They have room for expansion on the existing foundation for 25 more rooms. The hotel has 23 rooms, each of which has A/C, cable TV, WiFi, refrigerator, microwave, fan and hot water. The square footage of the hotel is 32,000 sq. feet and sits on 3 lots, two of which are 50 feet by 100 feet and one of which is 50 feet by 150 feet. There is a restaurant area that seats 65 people and a laundry and storage building. They also have city water and a diesel electrical generator. Owner has talked to the gaming commission about putting in a game room or a complete casino. Each have particular requirements, but Owner has been assured that if the conditions are met it would be approved. If you are interested, then Owner would be willing to share the information. Owner offers financing options, 50% down and 50% in 5 years with NO interest! Good deal for cash! Prime location on the main road in Corozal, Belize. just one block away from Corozal Bay and 6 miles from the Corozal Free Trade Zone, where 3 existing casinos are operating.

Property Information

Real Estate:

Real Property Included

Location:

Great location on the northeastern mainland of Belize in the center of Corozal Town, within easy walking distance of restaurants, shops & Internet cafes. It is only one block away from the beach. Many visitors to the area love to stroll the scenic waterfront where they can visit the municipal pier & even hop a water taxi for a day trip to the Cayes.

Premises Details:

The square footage of the hotel is 32,000 sq. feet and sits on 3 lots, two of which are 50 feet by 100 feet and one of which is 50 feet by 150 feet. There is a restaurant area that seats 65 people and a laundry and storage building.

Business Operation

Expansion Potential:

Great potential for expansion They have room for expansion on the existing foundation for 25 more rooms. Great place to set up a casino--and you could also add a swimming pool.

Competition / Market:

No concerns regarding competition.

Reasons for selling:

Owner is ready to retire.

Trading hours:

24/7

Employees:
8
Years established:
Since 1957

Other Information

Support & training:

Owner will train and offer support as may be negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner offers financing options, 50% down and 50% in 5 years with NO interest! Good deal for cash offer!

Furniture / Fixtures value:
$79,000 (USD) - included in the asking price
Inventory / Stock value:
$37,777 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.

Listed by

Matchmaker Business

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