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Rare Oceanfront Restaurant In San Pedro For Sale

San Pedro, Belize
Asking Price:
$169,900 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Live the dream! Own a restaurant and make money while living in Paradise! Very rare opportunity, San Pedro in Town on the beach (Oceanfront) restaurant. Seafood & Local entrees.

Right size for a couple or family to run easily. Seating for 30+. Indoor mahogany tables and outdoor patio tables with small exotic Belizean wood bar as well. FF&E are included. Current owner will retain kitchen knifes and a few pieces cookware. Trade license and Liquor license are included (each may take approximately 6 to 8 months if starting from scratch)!

Owner will stay on for a few weeks to assure smooth transition.

Property information

Real Estate:

Lease

Lease Terms:

2 years at @ $27.50 sq ft. there after .05 % increase each of the last 3 years. A little over 5 years left. First months, Last months and security deposit replacement too

Lease Rent:
$28 (USD) per sq ft per annum
Location:

Location, Location, Location! San Pedro! Oceanfront! In town!

Premises Details:

Great size for couple or family to run with ease. Over 400 sq. ft. inside, nice size elevated veranda plus occasionally tables on the beach. Lease can be taken over, additional years maybe be required.

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

Consent has been given for 4 tables on the shore. In addition we are in process of receiving consent to go over property line onto the beach for covered seating.

Business Operation

Expansion Potential:

Opening for breakfast would boost business by a very substainal amount. Locals, fishermen, Tourist and Divers all start the day around 6 am. Couple of years ago we served breakfast and did very well but to 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:

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

Reasons for selling:

Family health issues, 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 5 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, suppliers, services, acquiring customers, food prep, food cost, kitchen recipes, kitchen set up an flow, dealing with staff, pay roll, scheduling and hiring.

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

55% down, $93,445 down/ $76,445 financed for 10 year amortization @7.25% monthly payment of $897. Balloon payment in 4 years of $51,700.

Furniture / Fixtures value:
$29,000 (USD) - included in the asking price

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