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Rare Ocean Front Restaurant Opportunity In San Pedro For Sale

Belize
Asking Price:
$164,900 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Back on the market! Purchaser could not finalize! Your Gain!

Live the dream! Own a restaurant while living in Paradise! Rare opportunity, in the heart of San Pedro Town on the beach (Oceanfront) Restaurant. Seafood & Local entrees. Great margins!!!!
Right size for a couple or family to run easily. Seating for 35+. Indoor mahogany tables and outdoor patio tables, plastic beach tables and a small exotic Belizean wood bar as well. Head cook is willing to stay!
Included in the sale are the Trade license and Liquor license and the Furniture,Equipment,! Each of these licenses may take approximately 6 to 8 months to attain if your starting from scratch. Owner will train for a few weeks to assure smooth transition.
Priced to Sell!

Serious inquiries please!!! don't waste each others time!

Property Information

Real Estate:

Lease

Lease Terms:

1st year @ $1500 U.S. per month. There after .05 % increase each of the last 4 years. First months, Last months and security deposit.

Leasehold Rent:

18,000 first year per annum

Living Accommodation:

Not included

Location:

Location, Location, Location! San Pedro! Middle of Town, Oceanfront!

Premises Details:

Great size for couple or family to run with ease. Over 500 sq. ft. inside, nice size elevated veranda 2 tables, 320 covered Palapa on the beach plus beach area 160 sq ft & special permission,4 tables on the shoreline. 5 year lease min.

Size in square feet:
900+?beach
Planning Consent:

Palapa on the beach has been constructed that adds more than 320 sq. ft. under roof plus uncovered beach area 160 sq. ft. In addition, we have permission to place 4 tables on the shoreline as long as there not left overnight.

Business Operation

Expansion Potential:

Opening for breakfast would boost business by a very substantial amount. Locals, fishermen, Tourist and Divers all start the day pre 6 am. Couple of years ago we served breakfast and did very well but too many hours for just 1 owner. Most restaurants close by 8:30ish our license allows us to operate until 10:00 pm. Many times after we have closed tourist come by wanting to dine.

Competition / Market:

there are many restaurants and bars only a couple restaurants are direct competition. We have unique menu, offering many different seafood options and almost all are cross menu utilized.

Reasons for selling:

Family health issues, additional responsibilities, no longer able to provide attention business deserves and requires

Trading hours:

11:00 am to 8:00ish pm Thursday - Tuesday

Employees:
Typically in season 4 to 7 depending on whether we serve breakfast.
Years established:
more than 4 years

Other Information

Support & training:

Owner will stay on for a few weeks to assure smooth transition. Support will include; operations, food, prep, suppliers, services, acquiring customers, food cost, kitchen recipes, staff, payroll, scheduling and hiring.

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

55% down, $90,695 down/ $74,205 financed for 10 year amortization @7% monthly payment of $. Balloon payment in 4 years of $?

Furniture / Fixtures value:
$30,000 (USD) - included in the asking price

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