Hotel and Waterfront Restaurant, Caye Caulker
Price: US$1,900,000 Quote ID-166
ON FRONT STREET IN THE VILLAGE!
14 ROOMS w/Beach Bar and Pier
Caribbean Waterfront Restaurant/Bar
CONTACT BARRY & CINDY – YOUR RE/MAX CONNECTION ON CAYE CAULKER
A chance to purchase this type of property on Caye Caulker comes along just once in a while… This 14-room hotel is located in the tourist zone, just a short distance from the world famous CC hotspot, ‘The Split’…
The hotel was built just four years ago. It is well looked after and turns a good profit. Cap Rate on net income is just under 14%, representing great value! A new reverse osmosis unit was recently purchased and installed. And, the national water company, BWS, is currently installing water mains for a new water plant that should be in operation in the next six to eight months.
In addition, the waterfront restaurant/bar is included in the sale! This arrangement, with a business located on the Marine Reserve, is no longer available. However, there is a ‘grandfather’ clause that applies to existing owners that have had businesses set up in these areas for many years. This ‘grandfathering’ is transferable to new owners.
The 350′ pier generates additional income as a nearby tour business leases space at the dock. In addition, the owner is in the process of adding jet ski rentals as part of his operation. The cost of this project is not included in the price but the owner is open to negotiations on this.
For the right on-site owner, there is great potential in this hotel/restaurant/bar operation. There is much that can be done to increase profits even higher.
We look forward to your inquiry about this lucrative opportunity.
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Please use the form below to ask your specific questions about this property. Additional photos available on request. We look forward to hearing from you! Barry & Cindy Beer: |
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