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Restaurant And Lounge In San Pedro, Belize For Sale

San Pedro, Belize
Asking Price:
$995,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,100,000 (USD)
Cash Flow:
$250K - $500K (USD)

This award winning restaurant is considered to be the most romantic restaurant on Ambergris Caye. It offers exotic Caribbean and Latin American cuisine in a rain forest type setting. It was established in 2008, quickly becoming very popular to visitors, expats and locals. It is a destination restaurant for special occasions, such as weddings, rehearsal dinners, birthdays, anniversaries and honeymooners. It is featured in traveller's magazines such as Frommers, Fodors, The Lonely Planet, Flavors of Belize just to name a few and won the prestigious "Restaurant of the Year Award" by The Belize Tourism Board in 2009.

The restaurant has a capacity of 100 seating on the main restaurant floor and a Lounge that can hold up to 100 people in a cocktail style setting. Open from Wed-Monday each week (closed on Tuesdays) serving dinner only from 5pm to 9pm.

The restaurant is located in a very upscale and quiet residential neighborhood in close proximity to many resorts, condos and hotels such as the Alaia, Marriott, Curio Collection by Hilton, The Marriott Residences, Victoria House Boutique Resort, Xanadu Resort, Pelican Reef Villas and much more. The property is 50ft wide by 150ft in length and has a back street access for delivery and staff entrance. The restaurant is an outdoor Pavilion style construction made of exotic timber and logs. Above the restaurant is a newly built 1200 square ft. lounge that can accommodate 100 people in a cocktail setting. It’s fully equipped with a professional DJ System and modern bar equipment, fully air conditioned, sound proof, currently being used for wedding parties, birthday parties etc. The fully functioning kitchen is on the ground floor and is 1000 sq feet in size with two storage rooms, a staff bathroom and has commercial kitchen equipment in excellent condition. A one bedroom/ private bathroom is located behind the kitchen on the first floor and is perfect to accommodate a restaurant manager/chef. The entire building put together has over 6 thousand square feet of space.

Aside from becoming a great restaurant, Hidden Treasure has become a very successful and profitable business. It is ideal for that couple that would like to retire and enjoy a trouble free Caribbean lifestyle, meeting new friends who are also repeat customers. This business has accurate financial statements and bookkeeping to validate its profitability for the past 10 years. It is a turn key, professionally run operation with proper management control systems in place. The current owners/creators of this wonderful business are hoping to find the right person or persons that will continue or improve the legacy. The sale includes all furniture fixture and equipment including a mini van that is used for private shuttle service and a golf cart. Current Owners need a change and would also consider a working business partner who can take over the management so they can take a break from the day to day operation.


For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

7 years with automatic roll over to another 7 years once all lease obligations are met.

Leasehold Rent:

$84,000 (USD) per annum

Living Accommodation:

Two separate bedrooms each with private baths

Location:

Escalante Subdivision South Ambergris Caye, Belize Central America

Premises Details:

Entire building has over 7500 square feet of space /50% concrete 50% Exotic Wood

Size in square feet:
7,500

Business Operation

Expansion Potential:

A recent addition of an upscale Lounge on the second floor of the restaurant.

Competition / Market:

Two other competition in this area

Reasons for selling:

Owners have other interest

Trading hours:

Wed-Mon 5pm- 9pm

Employees:
22
Years established:
15

Other Information

Support & training:

one month training and support

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

Owners are prepared to invite a business partner/s who possess professional culinary and manegerial experience in running restaurants. The cash investment would be much less and this scenario will create an attractive return on investment for the working partner. This would allow current owners to take a break away from the day to day operation of the business.

Furniture / Fixtures value:
$150,000 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.