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Established Restaurant In Belmopan, Belize For Sale

Belize
Asking Price:
$90,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$75,000 (USD)
Cash Flow:
$50K - $100K (USD)

Situated in the busy center of Belmopan, the Cayo District of Belize, Corkers Restaurant is a successful businesses established by the current owners in 2011. This uniquely structured sale presents a golden opportunity for a seamless transition for new ownership to continue this thriving business.

Note: The real estate is not included. There is a Lease that is long term and can be transferred/renewed up completion.

Corkers Restaurant is popular and centrally located just off the Belmopan ring road behind Belize Bank and has generated a busy lunch-time clientele from the surrounding Government, Ministries, Embassies and banking/business district. The private car-park easily accommodates local drive-in traffic and is a popular destination choice for out-district shoppers. Banks, market place, bus terminal and most government offices all within easy walking distance. The friendly, safe atmosphere ensures a thriving evening bar and restaurant trade.
Whilst the majority of the restaurant custom is locally generated, tourists use the restaurant as convenient break as they pass through districts and a reliable year-round trade enables sound management budget planning. Corkers accepts purchase orders making it favorable for ministries, Government offices and many large companies throughout Belize to use and there is already a strong client base within these sectors.
Corkers currently opens Tuesday to Saturday from 11.30am to 9pm allowing room for expansion of the business if it were to be open 7 days a week, on Holidays or even offering breakfast and later dining. Special events could also be held at the restaurant generating further income and increased reputation.
The current owners, husband and wife team of chef kitchen manager and front-of-house manager, are retiring from the restaurant industry and a non-competition clause is available on request. All businesses, fixtures and fittings required to continue the operation is included in the sale. The premises is rented on a yearly contract with monthly rent payable. The Certificate of Title will be signed over to the new owner(s) upon completion.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

Lease renewed for new tenants from anything between 1 - 10 years

Leasehold Rent:

$90,000 (USD) per annum

Living Accommodation:

No accommodation

Location:

Belmopan, Cayo District, Belize. Situated in the Capital City center surrounded by banks, Government, Ministry and Embassy buildings

Premises Details:

First floor restaurant

Planning Consent:

Leased building

Business Operation

Expansion Potential:

We only open 5 days a week (Tuesday - Saturday) and do not do breakfast. Opportunity for expansion by doing 7 days a week (as well as opening on Bank Holidays) and offering breakfast as well an hosting events. We also close at 9pm so staying open later may create more revenue.

Competition / Market:

No direct competition, the local market is near by as well as another restaurant serving only local food. We are the only international food restaurant within a mile radius and in walking distance of the office buildings.

Reasons for selling:

Retiring from the restaurant hospitality Industry but staying in Country so assistance can be provided after the sale

Trading hours:

Sunday & Monday - closed
Tuesday & Wednesday - 11.30am to 8.30pm
Thursday - 11.30am to 9pm
Friday - 11.30am - 10pm
Saturday - 11.30am - 9pm

Employees:
3
Years established:
12

Other Information

Support & training:

Two week hand-over upon completion
Full training given
Turn-key opportunity available

Furniture / Fixtures value:
$60,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price
Website:
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Related Documents:
Relocatable:
This business can be relocated.