Landmark Caribbean Restaurant & Bar - Popular & Long Time Success
Business Description
Established for more than 17 years, this is a landmark business. One of the very best food & beverage businesses in the entire country of Belize. Thousands of repeat customers every year and over 25,000 social media followers. Large 4,200 sq, foot oceanfront restaurant & bar, seats approx. 240+ patrons. The business is located on a 350 foot pier perched overtop the Caribbean Sea. The pier has a large sun deck, swim area with steps into the ocean and inner tubes for guests to float in the sea while enjoying drinks. There is an outside bar on the pier to eat overlooking the water, large Adirondack beach chairs to relax and watch the Caribbean Sea and a huge bar, seating approx. 50 guests. There is a stage for live music performances with sound systems in place. Full service Restaurant & Bar and full gift shop featuring logo-wear caps, Koozies, Yeti Cups, Short & Long sleeve T-shirts and Water Resistant Rash Guard Shirts, Coasters, Cutting Boards and more.
About the Business
- Years in Operation
- 18
- Employees
- 26
- Facilities & Assets
- 350 ft pier with a 4,200 covered restaurant & bar at the end of pier. Also has a gift shop and a tour excursion company that rents from the owner (additional income for buyer). Current owner/operator owns the property and business. The business can be purchased with an initial 10 year lease and a 5 year option. Discount for purchase of Business and Property of approx. 8%, thus a total sales price of $2,725,000
- Market Outlook / Competition
- This business has been the leading restaurant & bar in the market for many years. The business does approx. 3 - 5 X more business than it's closest competitor in the market. Recognized as the premium brand and the largest sales volume in the entire country.
- Opportunities for Growth
- The name is famous in the country and additional outlets could be created - new locations could be added (or licensed).
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 7,000
About the Sale
- Seller Motivation
- Owner/Operator looking to semi-retire & personal/family needs
- Transition Support
- Current Owner/Operator will stay on for transition up to one month included in the sales price. Longer option is negotiable and can be several months if needed for transition/relocation time. Long term, trained and reliable staff, General Manager and Shift Leaders in place (average employee has been employed for 4 -5 years, several 8 - 10 years).
- Financing Options
- Possible Seller Financing Available, or a lease option with purchase of business. 65%
Listing Info
- ID
- 2174638
- Listing Views
- 1098
Listing ID: 2174638 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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