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Belize - Palapa Bar & Grill
Listing was updated at: 09/19/2018
Property Overview
Price/Rent PSF Inquire
Asset Type Retail
Trade Type Sale
SQ. FT. Available 4,182
Date Available 09/19/2018
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Description

Location
Island of Ambergris Caye, Belize

Sale
The Palapa Bar & Grill has been a popular tourist destination in Belize for over 25 years.  In 2016 operations moved to a new and higher traffic location on the Boca Del Rio Beachfront in the heart of San Pedro. Purchase price includes palapa structure, dock, all equipment and appliances, liquor license, trade permits, pier permit and licenses, tax and social security numbers, and government sales tax ID.  The business also collects pier rental income from long established Dive and Tour Operator and Parasailing/Jet Ski Rental operation. This bar has been featured on International House Hunters, Caribbean Travel Magazine, Fodors, Moons and has a Trip Advisor "Certificate of Excellence".

Owner ocean front 2 BR condo valued at $400,000 USD may be negotiated in the sale.
Financials listed in Belize Dollars, divide by 2 to arrive at USD. The May 2018 P&L comparison is in USD.
2017 owner cash flow = $342,803 and EBITDA = $302,803

Visit http://www.palapabarandgrill.com/ for more information

Location

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