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Award Winning Restaurant & Lounge With House For Sale

San Pedro Town, Belize
Freehold Price:
$995,000 Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$350,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$575,000
Cash Flow:
$200,000

This award winning restaurant is considered to be the most romantic restaurant on Ambergris Caye. It offers exotic Caribbean and Latin American cuisine in a rain forest setting. It was established in 2008, quickly becoming very popular to visitors, expats and locals. It is a destination restaurant for special occasions, such as weddings, rehearsal dinners, birthdays, anniversaries and honeymooners. It is featured in traveller's magazines such as Frommers, Fodors, The Lonely Planet, Flavors of Belize just to name a few and won the prestigious "Restaurant of the Year Award" by The Belize Tourism Board in 2009.

The restaurant has a capacity of 100 seating on the main restaurant floor and a Lounge that can hold up to 100 people in a cocktail style setting. Open from Wed-Monday each week (closed on Tuesdays) serving dinner only from 5pm to 9pm.

The restaurant is located in a very upscale and quiet residential neighborhood in close proximity to many upscale resorts, condos and hotels such as Curio Collection by Hilton, The Marriott Residences, Victoria House Boutique Resort, Xanadu Resort, Pelican Reef Villas and much more. The property is 50ft wide by 150ft in length and has a back street access for delivery and staff entrance. The restaurant is an outdoor Pavilion style construction made of exotic timber and logs. Above the restaurant is a newly built 1200 square feet upscale and modern Lounge that can accommodate 100 people in a cocktail setting. It comes fully equipped with a professional DJ System and modern bar equipment. The Lounge is fully air conditioned and sound proof and is currently being used for wedding parties, birthday parties etc. The fully functioning kitchen is on the ground floor and is 1000 sq feet in size with two storage rooms, a staff bathroom and has modern kitchen equipment in perfect condition. A modern one bedroom/ private bathroom is located behind the kitchen on the first floor and is perfect to accommodate a restaurant manager/chef while the new owner/s take up residence on the second floor home. On the second floor above the kitchen is a modern three bedroom/bath and full kitchen home fully furnished with a wrap around balcony. The entire building put together has over 7 thousand square feet of space. The Kitchen and residence is built of concrete (2400 Sq feet) while the rest of the structures are of exotic hardwood.

Aside from becoming a great restaurant, it has become a very successful profitable business. It is ideal for that couple that would like to retire and enjoy a trouble free Caribbean lifestyle, meeting new friends who are also repeat customers. This business has accurate financial statements and bookkeeping to validate it's profitability for the past 8 years. It is a turn key, professionally run operation with proper management control systems in place. The current owners/creators of this wonderful business are hoping to find the right person or persons that will continue or improve the legacy they are leaving behind. The sale includes all furniture fixture and equipment including a mini van that is used for private shuttle service and a golf cart. Current Owners need a change and would like to move to the mainland of Belize.


Kindly contact us for more details.

Property information

Real Estate:

Available as lease or with real property included

Lease Terms:

5 years with automatic roll over to another five years once all lease obligations are met.

Leasehold Rent:

$42,000 per annum

Lease Rent:
$9 per sq ft per annum
Living Accommodation:

1200 square feet home with 3 bedrooms and bath

Location:

Escalante Subdivision South Ambergris Caye, Belize Central America

Premises Details:

Entire building has over 7500 square feet of space /50% concrete 50% Exotic Wood

Size in square feet:
7,500

Business Operation

Expansion Potential:

A recent addition of an upscale Lounge on the second floor of the restaurant.

Competition / Market:

Two other competition in this area

Reasons for selling:

Owners are relocating

Trading hours:

Wed-Mon 5pm- 9pm

Employees:
10
Years established:
10

Other Information

Support & training:

One month training and support

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

60% Down and 40% can be financed at 5% interest over five years

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$15,000 - included in the asking price
Website:
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Lease asking price:
$350,000 - Furniture / Fixtures and Inventory / Stock included
Relocatable:
This business can be relocated.

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