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Property ID : MLS #07660

Financing Available!, For Sale $149,500 - Ambergris Caye, Belize Business For Sale

Sales Revenue:
$74,000 (USD)

Cash Flow:
$45,000 (USD)

A full-service salon located on the Caribbean island of Ambergris Caye, Belize. This long-standing business has been serving the community, both ex-pats, Belizeans along with tourists and “winter snowbirds” for many years.

Successful with a regular clientele, this is one of only a few salons in town and the only full-service salon on the entire island. The salon features three stylist stations, two washing stations, a hair drying chair station, a separate room for massage services, and a separate room for acupuncture service (both are sublets). Additionally, there is a mani-pedi area with chairs, tables, and supplies (this is a subset as well) and any or all stylist chairs can be rented out. There is a sizable sitting/waiting area that is attractively decorated, has retail sales shelving and displays, and a coffee/water/wine station for customers to relax and enjoy.

This business has excellent sales history, accounting and documentation of sales for the last 6 years.  Month by sales and year over year comps, along with P&L statements since inception are available for review by serious parties.
The current owner is willing to stay on and rent as a stylist if desired by the new owner.

Property Information

Real Estate:
Lease

Lease Terms:
Long-term lease in place and is renewable. All specialty esthetician’s/therapist (nails, stylist, masseuse, acupuncturists, etc.) pay sub-let rents to offset the main rent of owner/operator.

Leasehold Rent:
$8,400 (USD) per annum

Living Accommodation:
While there are no living accommodations actually included within the lease, there are two one-bedroom apartments located on the ground floor of the building, directly behind the salon for reasonable rents (same landlord). Additionally, there is a 3 bedroom, 2 bath apartment on the second floor with a large outdoor veranda (this occupies the entire second floor of the building). All apartments have separate entrances with the business taking 100% of the road frontage and the front half of the ground floor.

Location:
San Pedro Town, Ambergris Caye, Belize, Central America

Premises Details:
Located near the town center, well-known location as this business has been in operation for many years. The first floor of a free-standing building.

Size in square feet:
1000 – 1200

Business Operation

Expansion Potential:
A new owner could add more stylist stations. Currently, there are three with only one being operational full time and a second partially. The third chair is currently not rented out at all.

Competition / Market:
Limited competition. There are very few salons (everything much smaller) that are independent operators (one person salons, not full service)

Reasons for selling:
Owner/operator has had salons in two countries for many years, having sold a salon in North America and opening the salon here approx 6 years ago. Family commitments and preparing for retirement, the owner would like to work only a few days each week (current owner willing to stay in part-time, approx. 2 days a week, renting a chair if allowed by new owners).

Trading hours:
10:00AM – 6:00PM / 5 days per week

Employees:
Owner/operator and one employee / up to 5 sublet Specialist each paying rent to owner

Years established:
6+

OTHER INFORMATION

Support & training:
The owner will stay on to train and help with the transition for up to one month. Additionally, the owner would be willing to rent a stylist station if the new owner approves, thus being on-site for additional questions and transitioning.

Owner financing:
Owner financing is available. Please contact the seller for more information.

Financing available:
Possible limited owner financing available if the owner stays on as a stylist via a chair rental agreement.

Furniture / Fixtures value:
$15,000 (USD) – included in the asking price

Inventory / Stock value:
$2,500 (USD) – included in the asking price

Related Documents:

NDA to sign (buyer)

Relocatable:
This business can be relocated.

ATTENTION:

All listings priced in US$. If you are interested in this property, please contact James at 1.888.980.6448 or [email protected]

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