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Unique Oceanfront Dive Resort In Manado North Sulawesi For Sale

Manado, Propinsi Sulawesi Utara
Asking Price:
$2,600,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
Under $50K (USD)

30 min outside of Manado, North Sulawesi, 2.55 ha.
Complete facilities for accommodation and scuba diving.
Attractions: National Marine park Bunaken, various land excursions, overall leisure.

features:
4 x chalets 48 m2 (terrace, bedroom, bathroom, entrance hall, toilet) (2003)
1 x family chalet 100 m2 (3 rooms with own terrace and bathroom) (2010)
1 x double Chalet (2 rooms) with housekeeping storage 120 m2 (2015)
1 x restaurant/bar/kitchen/office building 160 m2 (2008)
1 x residence for owner/manager 290 m2 (2000)
1 x work shop 45 m2 (2000)
1 x general purpose staff house 31 m2 (2000)
1 x infinity pool 150 m3 (2008)

Complete infrastructure:
roads, electricity connection, telephone, WiFi, own water supply (2 wells) and storage, effective drainage system, waste water treatment with waste water gardens, beautifully landscaped botanical gardens, partly fenced by wall.
Good opportunities for expansion.

Including solid 180 meter long stone pier with private harbor and landing stage (2001).
1 x dive center building 180 m2 (2003)
1 x engine repair workshop 35 m2 (2014)
Covered, motorized slip way for 15 tons ships (repair and building)

Company structure is PMA. Property falls under 3 star facility. Newest investment regulations allow for 100% foreign ownership

PMA owns the land certificates: 23765 m2 and 1678 m2 (pier, reclaimed land). Both HGB rights, which is unique for the pier.
(HGB is a real property right, and by definition is recorded in the land registries and appears on all land title certificates. It may be transferred to third parties by sale, gift or inheritance, and may be used as collateral for local mortgage financing)
As a foreigner in Indonesia regarding (land)ownership, this is as close as you can get.

Current employees: 24
Fully licensed.
Other assets:
13.5 meter custom build, inboard powered dive catamaran.
40 KW back-up generator.
2 dive compressors.
125 tanks.
Dive equipment.
Various tools.
3 cars.
An approximate 3000 m2 part of the property is planted with mahogany and teak trees. (2003)

All in excellent and running condition.
Number 1 on Trip Advisor for the last 5 years. Winner Trip Advisor travelers award 2012, 2013, 2014 and 2015
Currently more inquiries than availability.
Open mind for training, support and transition details.
Reason for selling: retirement.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Real Property Included

Size in square feet:
25443 m2

Business Operation

Expansion Potential:

Full expansion potential

Reasons for selling:

retirement

Employees:
24
Years established:
15

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