Landmark Caribbean Restaurant & Bar - Popular & Long Time Success

Belize

Seller Financing Available

View of Restaurant & Pier
Asking Price:$2,650,000
Gross Revenue:$2,000,000
EBITDA:$775,000
Real Estate:$1,200,000
Cash Flow:$420,005
Inventory:$50,000
FF&E:$275,000
Established Year:2007
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.


DETAILED INFORMATION
Location
Belize
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,000
Employees
26
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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).
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.
Growth & Expansion
The name is famous in the country and additional outlets could be created - new locations could be added (or licensed).
Financing
Possible Seller Financing Available, or a lease option with purchase of business. 65%
Support & Training
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).
Reason for Selling
Owner/Operator looking to semi-retire & personal/family needs
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Brad
Reeder
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Brad Reeder