Hotel In Magical Island Of Camiguin For Sale

Business description

The little Hotel that could.
Former Las Vegas businessman G. Wells has done it again.
Building this runaway business from the ground up he is showing the Philippines how with hard work and offering outstanding customer service you can have a very, very successful business.
The Roof Top Hotel consists of a ; Bakery , Fast food eatery, outdoor BBQ. (first floor), Dinning Room (second Floor), 9 Room Hotel (third floor), and lastly a spectacular Roof Top deck (top floor) that can be developed into a bar ,function room or whatever. We also have 15 distributors set up around the Island selling our baked goods. In fact we are expanding our bakery now to keep up with the demand as our daily sales have more than tripled. We are also working on getting our wholesale division buying processing and selling foods to all the other restaurants and resorts both here in Camiguin and also on the mainland of Mindanao.
There are no other hotels in the downtown area, in fact Camiguin gets more tourists than it has beds to sleep them all. There are 6 dine in restaurants to choose from downtown ..... ours is so much cleaner, brighter, larger and offers the the added choice of foreign and local foods and AIR CONDITIONED. Needless to say besides being patronized by all the locals we also attract all the foreigners who are more used to and comfortable with what we offer.
Located in the heart of Mambajao, (Camiguin Islands major commerce center) you will find us easy to get too and close to everything you could possibly want to do on this spectacular Island .
The Government is very supportive and is working hard to keep our Island clean and tourism expanding, they work hand in hand with the Resorts to maintain a high standard and support many festivals that draw large crowds of tourists from surrounding areas. In fact we are getting a 3 million dollar US Sports complex being built as well as a brand new Casino that will surely increase the traffic flow to our Magical Island. This Island is unique what with the 7 volcanoes and hot and cold springs, waterfalls, warm clean ocean and world class diving, fishing, snorkeling, you name it ,so green and lush and consistently beautiful climate.
Another main attraction here I believe is SAFETY. You can leave your belongings on your motorbike, keys in the ignition, groceries on the seat and return to find nothing missing. Camiguin is the ideal place to raise a family and the Locals are so friendly and then there is always that world famous hospitality that the Filipino is so well know for.
This business has so much potential and now thanks to a well trained and devoted staff we expect a very good and smooth year ahead of us.
The owner ( Mr. Wells) being a bit of a workaholic and a real hands on owner has already suffered two heart attacks in the US. has now been told he must take it easy and must retire to a quieter life.
For this reason we offer you a chance to buy a slice of Paradise , the Roof Top Hotel.
Asking price was $335,000.00 but has been reduced to $250,000. US. Also Mr.Wells is open to helping with the financing should you have a suitable down payment.
All in all I think you will find this a very interesting offer and worth a serious look. This could be your chance to own your own SLICE OF PARADISE..
Of course the best would be to come and see for yourself and experience first hand the Magic of Camiguin.

Property information

Real Estate:

Lease

Lease terms:

15 year lease with option to buy and first right of refusal .Lease payment 50,000 peso/month for first ten years and 60,000 peso/month for last 5 years ..Lease has already been prepaid for 1.5years. Also with a leased building in the Philippines the Lessor owns everything ...all the equipment,furnishings,fixtures,EVERYTHING .....right down to the wires, cables and light bulbs.

Living accommodation:

There is a suite on the hotel level that has a kitchen 2 bedrooms and living room and bathroom that could be occupied by the owner should they choose.

Location:

We are situated on a busy corner lot in the heart of the downtown area ,across from a very busy grocery store.About 2.5 blocks from the ocean. I block away from the market area and the central transfer point for all transportation. Even though we are right in the heart of down town from our roof top deck all you see is lush green tree lined mountains , bright green rice fields and sparkling blue ocean waters.

Premises details:

Leased building has been fully renovated top to bottom.

Other information

Expansion potential:

Sky is the limit .With our two Walk in freezer / chiller we can rent out space to other stores,stock food to be sold wholesale to the other restaurants and resorts. Currently we are processing Chicken and Beef and selling it wholesale and retail.

Competition / Market:

no real threats ..our operation is newer cleaner and better equipped.

Support & training:

Of course we would assist in any way to make sure you are happy and comfortable .. General Manager willing to stay on and help new Owner.

Reasons for selling:

Poor health

Trading hours:

24 hrs

Financing available:

Only 150,000. 00 US down gets you in the door and we can work out the balance on paper.

Related documents:

• 
• inventory -fixtures and equipment