San Pedro Town, Belize District, Belize
This local restaurant is a favorite of locals and tourists alike with great TripAdvisor reviews. The restaurant has a large 62-seat dining area with both indoor and screened-in outdoor seating.
The menu concept is Tex-Mex with some local Belizean favorites thrown in. The full bar compliments the menu with Margaritas, local rum drinks, and local beer.
There is a large kitchen with professional grade appliances and plenty of storage space. The restaurant has been well run over the years and has a well-trained staff and a good set of proper financials.
Proximity to multiple condo complexes, and a few other nearby dining options, provides a steady stream of nearby customers.
The well-trained staff is aware the restaurant is for sale and all have committed to staying with the restaurant through the sale process and new ownership.
ROI is 9.7%
Above the restaurant is a 2 bedroom/1 bath apartment 750 square feet, currently being used as the owner’s residence that could be rented out for additional income of $1,200 to $1,500 per month with a long-term renter.
Short term monthly rental income could possibly be higher but would not be predictable. The apartment is spacious with an open floor plan living/dining/kitchen area.
If you added in rental income your ROI could be 10.6%
Upstairs adjacent to the apartment is a rooftop deck with a large palapa. There is room to entertain 50 people on the rooftop area with ease. The owners currently reserve the deck and palapa for their private use, but it could be turned into a second bar/seating area for the restaurant.
There is water and drainage already in place under the palapa so installation of a second bar would be straightforward. This area, with beautiful sunset views of the lagoon, would be a lovely spot for special events such as wedding receptions and private parties.
The property has a large fenced yard with a rear vehicle entrance and parking for several personal or staff vehicles. This rear entrance provides access to the apartment without needing to go through the restaurant.
Live in the apartment and get to know the amazing people of the Island as a greeter while your staff runs the restaurant.
All Prices in US Dollars
Owning a home is a keystone of wealth… both financial affluence and emotional security.Suze Orman