Mexican Beach Resort With Valuable Beachfront Property For Sale

Business description

Mexican Beach Resort Hotel With Valuable Beachfront Property for sale for $3,20000--5 lots with 125ft of beachfront! This "Boutique" Style hotel has 10 guest rooms with patios & private baths. Occupancy has averaged over the 80% plus range for the past 4 years due to a strong repeat & referrals base from past guests. Here the average guest is looking for comfort off the beaten path & this destination is popular with celebrities looking for a place to relax with an element of privacy. The resort restaurant has the reputation for serving some of the regions best food & seats 40 guests. The average guest stay is 5 days & they consume most of their meals at the restaurant. The resort retailing & merchandising operation known as the Surf Shop carries a variety of beach themed apparel, lotions, tequila, cigars & an excellent selection of new & used surf gear for sale & rent. A 24ft. boat can also be used for guided fishing & surf tours. The shop also serves as a compact business center with payphone & pay per minute internet service. There is also a 100 meter pool with deck & pump room. The resort caters to a broad range of travelers spanning from upwardly mobile surfers, ecotourism & adventurers to weddings, honeymoons & retreats. The winter season brings more of a "snowbird crowd" from the USA & Canada, while the summer attracts a more international variety as well as the seasoned surfers. A newly completed highway from the State capital of Michoacan is also providing a new market of upscale Mexican tourist. A renovation has recently begun, the final cost between $400,000 & $500,000! The resort will be fully operational during this process & the time period is estimated to span about 2 years. Once complete the average cost per night is projected to increase to $250.00 or more per night. The restaurant will be upscaled & expanded, increasing revenues by an additional 25% or more. This resort is featured in numerous travel guides & websites, all very complimentary, well distributed & cost free. Their merchandising program includes lots of assorted logo wear & their website generates a solid flow of new clients & serves as a reservation system. Amazing resort, Call now for more information.

Property information

Location:

Prime Pacific beachfront property north of Ixtapa & Zihuatanejo, Mexico. Beachfront real estate prices here are currently in the $450.00 USD per square meter range. A new residence built next door to this property is estimated to be valued at over $4Million USD. This bay area enjoys a well balanced mix of commercial & residential properties. The resort It is also a popular destination for surfing, fishing, kayaking & eco-tourism in general. Only 30 minutes or less away from the International airport serving major airlines, an existing airport & the largest Port on the Pacific Coast, all being expanded to cater for the increase in tourism to the area. There are two, 18 hole golf courses close-by, one designed by Robert Trent Jones & the other a Von Hague. This destination certainly has it all!

Other information

Expansion potential:

A renovation has recently begun -- the final cost between $400,000 & $500,000! The resort will be fully operational during this process, the time period is estimated to span about 2 years. Once complete the average cost per night is projected to go to $250.00 per night or even higher. The restaurant will be upscaled & expanded, increasing revenues by an additional 25% or more.

Competition / Market:

No concerns with regards to competition. The area has about 40 businesses operating as Bed & Breakfast, Boutique Style hotels & restaurants. Many of the smaller businesses close during the summer months which has a very positive effect on this resort's occupancy & restaurant sales.

Support & training:

Owner is prepared to offer training & support as may be required. The Resort has a full-time staff of cooks, housekeepers & waiters, a total of about 12 employees. An outside bookkeeper, CPA & Attorney are on call as needed.

Reasons for selling:

Other business interests but current Owner may also consider maintaining an equity position

Financing available:

Owner financing available with a minimum 25% down payment

Furniture / Fixtures value:

$1,400,000 (included in the asking price)

Inventory / Stock value:

$50,000 (included in the asking price)