Belize - Palapa Bar & Grill
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in San Pedro, Corozal District, BZ
Listing was updated on: 04/23/2020
Property Overview
| Price/Rent PSF | $ 2,500,000.00 |
| Asset Type | Retail |
| Trade Type | Sale |
| SQ. FT. Available | 4182.00 |
| Date Available | 01/09/2019 |
| Additional URL | Link |
| Additional parameters | Show |
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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".
2017 owner cash flow = $342,803 and EBITDA = $302,803
Visit http://www.palapabarandgrill.com/ for more information
Location