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Upscale Restaurant & Cocktail Garden For Sale

San Pedro Town, Ambergris Caye, Belize
Asking Price:
$99,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
On request

This unique concept restaurant has an upscale interior with a large and eclectic covered outdoor dining area and cocktail garden is located in a high traffic location near the middle of town, yet "a world away". This has been a successful restaurant and destination business since 2017, but is now available with the retirement of the original owner.

It's been a popular spot for drinks, afternoon or evening cocktails and a great place to meet friends for a small bite or full dinner. Formerly a French Restaurant but could be any upscale style venue: A steakhouse, an Italian Restaurant (there is not a single Italian Restaurant on the island), a Fondue Restaurant or re-opened as a French Restaurant. Upscale inside with chandeliers and oversized velvet seating and casual and eclectic outside, so it can accommodate most any concept.

Long term transferable lease is in place a with a three year initial term and an option to renew for a second three year term. VERY GOOD LEASE RATE! a has many unique offerings, an eclectic setting and super cool, cozy and friendly "island vibe".

Fully trained staff is in place, from bartenders and servers to the kitchen crew. A fully "turn-key" operation ready to produce income for a new buyer on day one.

Property Information

Real Estate:

Lease

Lease Terms:

Very good term lease, $2,500 USD per month on an initial three year term, with a renewable three year option. A lease/purchase option is available or a longer extendable lease can easily be negotiated. Very good landlord to deal with, who's goal is to keep tenants in place and successful with as little turnover as possible. Landlord owns multiple commercial buildings & works to win win/win scenarios in order to keep long term tenants in place.

Leasehold Rent:

$30,000 (USD) per annum

Living Accommodation:

There is a studio apartment located above the commercial space. Full bathroom, large closet and a large studio style apartment

Location:

San Pedro Town, Ambergris Caye, Belize

Premises Details:

Located in the heart of San Pedro Town, yet it feels like "a world away", due to being tucked away down a path between two buildings (one of which houses the bathrooms and the kitchen for the establishment and right on the lagoon.

Business Operation

Expansion Potential:

Can easily open for lunch (formerly only a dinner location) and also has a small area uin front that could be a walk-up counter for a coffee shop, a small snadwich shop or deli oruse as awine shop/market to compliment that restaurant operation.

Competition / Market:

There are not any similar restaurants (only one other "Tapas style" restaurant on the island, which is several miles away in a completely different area). Unique cocktail menu

Reasons for selling:

Owner/Operator has been in the restaurant/bar business for many years and has owned/operated this successful restaurant for the last 10 years in Belize. Owner needed to retire quickly due to health situation.

Trading hours:

Formerly:

5:00 - 10:00PM Daily (five days per week). Open for dinner/evenings only

Years established:
10

Other Information

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

Financing Available with a minimum of 55% down payment

Furniture / Fixtures value:
$165,000 (USD) - included in the asking price
Inventory / Stock value:
$1,000 (USD) - included in the asking price
Business closed / Asset sale:
Yes
Relocatable:
This business can be relocated

Listed by

Belize Business Brokerage & Consulting