PRICE REDUCED Boutique Hotel and Restaurant (Rated #1 in TripAdvisor)

Costa Rica

Ad ID: 1048507
Type: Established business
Category: Services – Hotels & Other Lodging
Category: Retail – Other Eating & Drinking Places

Financials
Asking: $1,400,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $200,000

Gross: $450,000
Cash Flow: $170,000

Summary Description
Turn-key boutique hotel/restaurant/bar opportunity, with spacious owners home included. Total 15 units, which includes the owners home. Established business with a successful marketing program in place. Profitable hotel rated #1 in TripAdvisor. This beach hotel offers the only option for travelers who prefer quality and comfort, in a private setting. This is an upscale beach property with lush tropical gardens. Unique design offers each suite privacy and quiet. Full-service restaurant and bar, offering guests both indoor and poolside dining.. Staff is trained to offer the quality service that is often missing at other Costa Rican properties. One of the few properties built to North American standards. With this level of quality, property could also serve as medical aftercare facility or yoga retreat.

General Information
Year Established: 2008
Employees: 7 – 10 seasonal
Facilities: Total of 15 units: 8 suites with 2 Queen beds and 4 suites with a King bed and double sofa-bed, plus 3 bedroom home. All suites can sleep a maximum of 4 people. Suites have their own sitting area indoors with large club chairs, as well as private balcony/patio seating. Suites are approx. 500 square feet. Restaurant commercial kitchen includes 6-burner gas unit with griddle, grill, fryer, refrigerator, freezer and stainless steel prep tables. Bar includes side-by-side refrigerator/freezer, wine refrigerator, stainless prep tables, glass racks, liquor racks.

Market Outlook
Competition: Property is a 1-minute walk to the beach, on a nice, quiet 1-acre lot, with beautiful gardens, and howler monkeys in the trees. Hotel is a higher quality´┐Żwith AC, hot water, spacious bathrooms with granite counters, orthopedic beds, TV, mini-fridge, coffee-makers, in-room safes and guest Internet. Located on the south end of Samara Beach where it is quiet and private, very relaxing.

Growth and Expansion: The three bedroom, three bath owners’ home is approx. 2000 square feet, and has 2 terraces, great room design with private kitchen and own laundry room. Could be rented out and generate additional revenue.

About the Sale
Financing: Seller willing to carry with a $1,000,000 down payment
Support/Training: Negotiable as needed.
Reason Selling: Relocation











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