High End Restaurant On The Placencia Peninsula Belize For Sale

Business description

Unique high-end Restaurant - land and 2 story building incl. (Placencia Peninsula, Belize, Central America)

High-end, fully licensed restaurant with exceptional reviews as Freehold Going Concern for sale for US$ 425,000 or as leasehold US$98,000 + US$1500/month .
At the moment the restaurant features Austrian and European cuisine (easily adaptable), fine wines, cigars and a large dessert menu and is well known country wide as well as listed in many guide books.

Property information

Real Estate:

Real Property Included

Lease terms:

If someone wishes to buy just the business for US$ 100,000, the house and the property would be leased for 3 x 6 years.
The lease increases after the first year by 3% each year. After each of the 6 years term the lease could be adjusted to the then current market value.

Leasehold rent:

$18,000 per annum

Living accommodation:

Owners Apartment 1 bedroom with walk-in closet, bathroom with shower, spacious living room with office area, balcony. 360 degrees views overlooking the ocean, lagoon and the Mayan Mountains. Apartment comes fully furnished incl. TV (cable TV), safe, printer/scanner, A/C, etc. It has a beautiful cabbage bark hardwood floor, tropical wood mouldings and furniture. Current owners will take just personal belongings. Move in ready immediately.

Location:

Placencia Penisula in Southern Belize, the fastest growing prime tourist destination in Belize. The restaurant is located in the middle of the Peninsula halfway between Placencia Village and the new International Airport which currently under construction. It is right on a corner lot of the new Placencia road, which is the only road, so all traffic to Placencia pass the restaurant. In walking distance are two highend resorts, two sailing charter companies.

Premises details:

Land
¼ acre or 1021 qm land, beautifully landscaped with water feature in the front, gravel parking lot for customers in the back and white gravel walkway towards the entrance. Property is situated directly on the main road which is paved and one of the best in the country. Just 50 yards from the beach!

Building
2 story yellow and hurricane proof framed building (It is comprised of a steel and concrete "cage" with a floating 3 foot wide foundation. The foundation, floor, walls, support columns and cross beams are all reinforced with 5/8" to 1/2" rebar intertwined and set in concrete.). 1st floor is concrete, 2nd floor has a concrete frame and a wood finish. Arched windows contribute to the great curb appeal and give great 360 degree views.
1st floor layout: screened in patio, bar and dine in (A/C), 2 restrooms, kitchen (A/C), utility and storage room, entrance for deliveries
2nd floor: owners apartment
The building was built between 2007 and 2008 and is extremely well maintained and well taken care of.

Business Operation

Expansion potential:

The lot is big enough to enlarge the restaurant easily or build cabanas, or shops for additional income.

Reasons for selling:

The owners love Belize and are sad to leave. However they will move overseas to take up a new business opportunity and are very motivated sellers.

Trading hours:

Mon-Fri 4.30pm to 10pm

Employees:

2

Years established:

3

Other information

Support & training:

Support and training available if needed.

Owner financing:

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

Financing available:

Subject to negotiation.

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$3,000

Website:

Please click here to view the link

Lease asking price:

$98,000 (Furniture / Fixtures included)