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Iconic Overwater Bar/Restaurant In San Pedro Town For Sale

San Pedro Town, Belize
Asking Price:
$2,500,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,000,000 (USD)
Cash Flow:
$525,000 (USD)

Iconic Over Water Bar And Restaurant For Sale

One of the top bars in the entire Caribbean and the most well-known bar in Belize. This over the water bar features live music, a swimming area in the Caribbean Sea and great lounging area to enjoy a drink with awesome Caribbean Views.

An awesome bar/restaurant located over the water in the Caribbean with a proven track record of success - it's not just a dream, it can be your reality.

This is the Ultimate Caribbean Bar! Located on a huge pier with restaurant that's covered with an huge Palapa roof (tiki style, thatched roof), sunbathing/lounge area and swimming area - all located just a few feet above the Caribbean Sea.The sunbathing/lounging deck has stairs that let customers walk into
the Caribbean Sea. Patrons can float on inner tubes as they enjoy their favorite
drink - buckets of beer can be delivered right to their floating tube
via the "beer bucket zip line". Large seating capacity of approx 200, a live performance stage
and a wrap around bar that seats 50 with Large flat screens.

Great cash flow and long term, renowned business - the most recognized bar in Belize.
Original owners/operators are now looking to retire after more than a dozen years of operation.
Sole reason to sell is that it is time for the owner's retirement to begin and the numbers will show
you what a longstanding, successful operation this is.

Sales volume and history justifies a more than $1.5M sales price on Cash flow alone.
The property value is approx. $1.7M and thus a realistic asking price would be $3.2 - $3.3M
However, the owners are "ready to go" and due to covid and the desire to retire,
we have greatly reduced the asking price to $2.7M and open to all reasonable offers.
Owners will accept all-cash offer of $2.4M with a closing before August 1, 2021

Great accounting and tax records will show all income, daily gross, tips, taxes and
net on a day by day basis for the entire year. Exceptional business that has been well-run,
well received and has an ongoing huge fan/customer base.

Serious inquiries only please. Owner's will ask for a signed NDA and financial
statement from qualified buyers.

Profitable, steady business with a long history of success. Truly a "turn-key" operation from Day one. Long term, fully trained staff in place. Buy an Icon and walk right into your success in the Caribbean.

Detailed Information:

Real Estate: Owned, Included in asking price
Building SF: 4,182
Employees: 15
Support & Training: To be negotiated
Reason for Selling: Owners ready to retire
Business Website
Financials:

Asking Price: $2,500,000
Cash Flow: $425,000
Gross Revenue: $1,725,000
EBITDA: $525,000
FF&E: $150,000 (included in sales price)
Inventory: $10,000 (included in sales price)
Real Estate: $1,700,000
Established: 2007

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Business only - no living accommodation included.

Location:

Located overtop the Caribbean Sea on it's own pier in San Pedro Town. Has a great view of the largest living reef in the world, tarpon, stingrays and eagle rays as they swim by underneath.

Premises Details:

Large seating area for restaurant guests, a massive bar that seats more than 3 dozen patrons and capacity for over 200 customers, with a good stage for live music performances. Additionally, outside over the water seating is available to watch, boats, the reef, parasailers and to catch a glimpse of stingrays, tarpons and other fish swim by

Size in square feet:
approx. 5,000+ sq ft

Business Operation

Expansion Potential:

The establishment has several successful promotions in place for different days of the week. With the very popular name and notoriety, you could franchise the name or open a second location which would be instantly recognizable.

Competition / Market:

While there is similar competition to this establishment, this is "the Grandaddy of the all". The original, established and well-known business that has been in operation and number one for more than 20+ years.

Reasons for selling:

Owner/Operators for over 20+ years are now looking to retire.

Trading hours:

10:00AM - Midnight

Employees:
15
Years established:
20+

Other Information

Support & training:

Owners will stay on to train for up to 30 days, included in the sales price.

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

Owner will provide a small amount of financing on good terms. To be negotiated. Owner may also retain ownership fo the property with all cash offer on the business and finance the property rights to business purchaser or to other entity. Please inquire about financing options. Minimum required to finance would be $1.85M down with a strong financial statement/balance sheet and collateral

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price

Contact Belize Business Brokerage & Consulting

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