Placencia Natural Foods Restaurant And Bar Business For Sale

Business description

The opportunity: Developer seeks qualified owner-operator for this new business. Subscribe to a professionally developed concept and plans tailored specifically to the area and the location. Locate in a thriving resort community. Own your own business . Options include: 1. Purchase a new, ready to go, turn key business with long term lease. 2. Buy a share of this business and operate it seasonally. The developer (vendor) specializes in food and beverage businesses and has a long history in the bgusiness and in Belize. The concept for this business has been carefully developed for this specific location and is destined to succeeed. The developer has a well developed plan but remains open to input from qualified participants.

Note* If this opportunity is not a prefect fit for you the developer represents 2 other food and beverage businesses for sale in the area.

This is an opportunity to personalize and put the finishing touches on an experienced restaurateur's dream business: Small, affordable, super location, small staff, all local ingredients, slam dunk formula... the kind of operation that makes great sense after having done everything else in the food and beverage business. The concept and theme are based on compatibility with existing businesses and existing market demands.

The menu concept is not yet well represented in the area. It has very high appeal. All the ingredients are available locally. It is one of the very best food types for offering multiple menu options from a limited inventory. It is definitely time for this food type in Placencia Village.

Detailed information including demographics, traffic, feasibility, market analysis and prospectus will be shared at the appropriate stages of serious, qualified inquiries.

Location, location, location.... Placencia is developing rapidly and good locations are very hard to find. This business is located on Main street in the heart of the commercial district and close to the Placencia Sports and activities Complex.

Placencia is Belize's hottest new destination, a 400 year old village only recently turned to tourism and up-scale development. Placencia Village is a small village. It sits at the tip of a 16 mile long peninsula, the Caribbean Sea to the east and a picturesque lagoon system to the west. Development is spread out along its entire length but Placencia is "town". An excellent paved road to the peninsula was just completed in 2010. There is an international airport nearing completion and, in addition to our great natural harbor, there is a deep water, mega-yacht marina under construction. The local airport offers 12 flights a day in and out of Placencia.

Property information

Real Estate:

Lease

Lease terms:

If you are not purchasing the real estate then the lease is a very valuable component. The current lease is very good but can be lease will be regenerated during negotiations. The developer is looking for solid, long term tenants who will also have the potential to sublet or sell the business to approved parties. An initial 5 year lease with 2 5 year options to renew would be okay. This is negotiable.

Leasehold rent:

$10,800 per annum

Leasehold rent:

$15 per sq ft per annum

Living accommodation:

There is no living accommodation included but there is a soon to be vacant space in a building in back of the restaurant which could be converted into an efficiency.

Location:

The business (space) is located on Main street in Placencia Village close to the beach with views of the Placenmcia Yacht harbor.

Premises details:

The business space is on the second floor overlooking the street. It is small with about 1100 sq ft of enclosed interior space and an additional 200 sq ft of covered veranda for seating. The space has tiled floors and plastered walls. The business beneath it is a very popular gift shop and a sailing charter business with excelllent foot traffic.

Business Operation

Expansion potential:

Physical expansion potential is very good. It would be easy to add about 1000 sq ft to the vranada area at about $30 per square foot. Business expansion potential includes extending operating hours, adding breakfast and creating after dinner and bar attractions.

Competition / Market:

There are a number of food and beverage businesses in the area. None of them would be considered direct competition. They are all compatible and none duplicate menus or themes. They share a broad customer base and feed one another. There are a number of street vendors in the village, some sell tacos... but not Mexican style. These are not sit-down restaurants and they do not sell liquor. There are a lot of restaurants on the peninsula, all of which could be considered competition as they all serve food but there is not a lot of diversity. Anything unique and good with high appeal will command a good market share.

Reasons for selling:

Business; developing unique, viable concepts, creating an attractive offering and finding the right peole to work with.

Trading hours:

Trading hours (at start up) will be 11 am until about 10pm. Placencia is largely a tourism based economy. During "the season", December through August, it is good to open 7 days a week. During the slow season it's wise to close a few days a week and in some cases to cut back hours, eliminate lunch (or dinner) etc. This is a place where it (currently) makes sense to close for 2 months of the year during the off season. As Placencia continues to develop into a year round tourist destination this will change.

Employees:

Small staff: owner/s plus 2 or 3.

Other information

Support & training:

Even though I am looking for experienced owner-operators substantial training will be required. The more you know about the culture, the local people, the expat community and the ever changing visitor traffic the better your chances of success will be. There is a lot to learn about local ingedients; seasonal availability, sources, reliability, perishability, etc. There is a lot to learn about the available work force, generalities, ethnic and cultural characteristics, training and background experience, etc. There is a lot to now about supplies; vendors, suppliers, distributors, reatailers, wholesalers,co-operatives, buying options, specialty items, imported goods, etc. There is a lot to know about doing business in Belize; licensing, permits, regulations, inspections, taxes, social security, labor laws, pay scales, etc. There is a lot of valuable demographic information available to analyze and incorporate into your business plan. It's good to know about the general make up oif the bvusiness community you are operating in. It's small place, compatibility is important. So, yes you can cook and yes you may have run 10 successful restaurants. It is importanht to take full advantage of the support and trianing available. The developer will be available to assist with menu design, kitchen procedures, staffing and scheduling, service format development, marketing, promotions and more. The objective is to launch a low stress, successful, food and beverage business with as little left to chance as possible, to hit it right the first time.

Owner financing:

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

Financing available:

If the selling price of the business is $39,000 then the developer would consider $ 50%, down and finance the balance at 10% (local commercial interest rates are 14%) for 48 months.

Furniture / Fixtures value:

$40,000 (included in the asking price)