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Oceanfront Tropical Island Resort For Sale

San Pedro Town, Belize
Asking Price:
$3,400,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$700,000 (USD)
Cash Flow:
$135,000 (USD)

Palm Tree lined beachfront resort overlooking the second largest barrier reef in the world. View of the Caribbean Sea from all rooms, enjoy the pool while looking at the palm trees sway in the wind, or grab at drink at the poolside/beachside tiki bar. Want more? The resort has it’s own dock where guests arrive by boat, can explore the reef or the deeper waters of Belize (like the world famous “Blue Hole”) and tour guides take your guest right from your resort dock. Full kitchen, fully staffed and ready for new owners to welcome groups.(current owners have successfully enjoyed a unique business model where it they rent the entire resort to groups only, no single room rentals)

This resort features over 200 feet of beachfront and is almost 2.5 acres filled with tropical fauna & flora, palm trees, lime trees and more - Your guests (or yourself) can grab a coconut from one of your trees, chill it and put in a straw, then enjoy it, as you sit back and relax by the pool or at oceanfront/poolside tiki bar.

Includes 8 standard rooms, 4 suites with mini kitchens, all rooms have ocean facing terraces or balconies. The resort also includes 4 additional small cabanas that can be rented out used for on site management and there are two homes: a keepers’s house and the owners house of more than 1,350 sq. ft. with a separate private pool. The main building features a dining room that holds up to 40, a full commercial kitchen, a small library and the office with storage space as well. There is also a separate laundry and maintenance house / employee quarters.

Total Buildings: Almost 24,000 sq. ft.
Total Property: Approx. 2.3 Acres

Additionally included in the sale are a Club Car CarryAll cart, one golf cart, a Ford Pick up truck, one Kawasaki ATV and a Yamaha Jet Ski.

This is a ‘turn key” operation with reservations on the books for 2020 & 2021, with many reparations visitors and referrals by past guests to their friends, business associates and family. The business had been built on referrals and repeat customer base, but has much more potential to grow with advertising and marketing opportunities.

Resort currently accommodates up to 30, but with use of cabins could easily accommodate 40-45
(Current owner uses cabins for family visitors, friends and overflow only).

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Full house with private pool for owner.
There is also a “keeper’s house” or “Manager’s House” on property.
Additionally there are four cabanas that can be used for staff quarters or rented out long term.

The resort itself features 8 standard rooms and 4 suites for guests, comfortably accommodating approx 30 guests at a time (small cabanas could be used as overflow for guests if needed and could house another 12 - 16 people (thus resort could be changed to accommodate up to 40 - 45 people if needed)

Location:

Located north of San Pedro Town, Belize. Belize is both part of the Caribbean Countries (Caricom) and Central America - it is the only country in either the Caribbean and Central America that is a member state of both entities. Uniquely located just south of Mexico’s famous Yucatán Peninsula (Cancun, Cozumel, Maya Riviera) and is located in a quiet area, but convenient to town and situated only a few hundred yards to the second largest barrier reef just offshore from your own beach.

Premises Details:

Almost 2.5 acres, with 24,000 sq ft in buildings. Fully, self contained beachfront resort w/ pool. Private pier, accommodations, staff quarters, owners house (w a second private pool).

Size in square feet:
Buildings = approx 24,000 sq ft

Business Operation

Expansion Potential:

Very little marketing/promotion has been done with the property. Current owners have built a successful, reliable business through word of mouth, referral and repeat customer base only. There is plenty of opportunity to expand the volume of business through marketing and listing on additional websites, via travel agents and third party booking offices and websites (none of the third party options are currently in place).

Competition / Market:

This property has been uniquely positioned to accommodate and market itself to groups. They currently do not rent rooms only on a per night basis, but instead sell the entire resort to groups for family retreats, yoga retreats, business incentive meetings, business reward/appreciation groups, family reunions, wedding parties. While this business model could be changed, it has been very successful for the current owners in this type of operation and has room for expansion with advertising and marketing. The current owners have relied almost completely on referral and repeat business.

Reasons for selling:

Owners are looking to retire. Have multiple properties and share time between Belize and the United States. Currently looking to Slow down a bit and while they love Belize would like a little more flexibility to travel and visit family.

Trading hours:

Resort: Based on guests arrival/departure schedules

Employees:
6 employees plus owner/operator
Years established:
10

Other Information

Support & training:

Owners will stay to train for up to one month. Additionally, should you wish owners to stay on Longer, that is negotiable.

For current owner or other management to stay on for a longer period of time, management could be arranged to be in place for up to 2 years. If you need interim management for property before you can move to Belize or retire, be “hands on” that can be accommodated.

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

Owner will consider financing to well qualified purchasers with a minimum of 50% down

Furniture / Fixtures value:
$325,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price
Home based:
This business can be run from home.

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