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Waterfront Hotel Swimming Pool Restaurant Bar For Sale

Corozal, Belize
Asking Price:
$1,800,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$300,000 (USD)
Cash Flow:
$200,000 (USD)

Full Service Hotel, featuring 10 rooms/suites (large standard rooms and oversized suites w living rooms, full dining table and most rooms have kitchenettes). One cabana separate from main building.

The main building is over 6,400 sq. feet and continues a spacious lobby, full bar, eating area and full commercial kitchen. Additionally guests can enjoy a covered patio for coffee or drinks, First floor suit has private covered patio area. Upstairs room have either a view of the Caribbean Sea or the swimming pool with waterfall).

Luxurious pool surrounded by foliage and featuring a "waterfall wall"

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is currently a manger's apartment on the property. This could be retained or converted to use as an additional suite for nightly rentals (or two single room accommodations).

Location:

Corozal, Belize

Size in square feet:
6,400

Business Operation

Expansion Potential:

The acreage has the potential to build a second building that is the same size as the original Main building (which is approx. 6,400 sq ft inside and another 800 of covered patio outside). The current building sits on approx. 30% of the entire property included in the purchase price.

Competition / Market:

Limited full service hotels in the area. This property is waterfront, has a nice pool, full restaurant & bar. Tons of expansion potential as the building only sits on approx. 1/4 of the entire acreage. Additional land could be developed or sold for a potentially quick profit/RIO without any minimization of hotel operations.

Reasons for selling:

Owner is retiring. Owner will remain int he area and be available for an ongoing questions.

Trading hours:

Hotel, thus varies by guests check-in and number of guests in house at any particular time.

Employees:
3
Years established:
15

Other Information

Support & training:

Owner will train for up to two weeks and be available for additional ongoing questions. Owner lives close to the property and does not plan to leave the area. Owner has lived here for many years and has multiple properties and businesses in town. Owner is planning retirement and the the reason for the sale of business

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

Owner will consider financing at attractive terms/rates with a minimum of 50% down.

Furniture / Fixtures value:
$200,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Belize Business Brokerage & Consulting

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