10% CAP rate - over $300,000 NOI Turn key bar and restaurant business located at the end of a 367 foot pier overlooking the Caribbean Sea. This bar/restaurant has been a popular Central American destination for over 25 years with current owners operating the last 10 years. Updated dock and newly constructed palapa structure completed in November 2016. A 4,282 sq. ft. palapa structure, 367 foot dock, fixtures, furnishings, appliances, liquor license, trade permits, pier permit and license and rental leases from 2 other businesses are included in the purchase price. Bar and restaurant inventory to be negotiated at the time of purchase. Financials available upon request to support over a 10% capitalization rate. 2017 was the most profitable year to date! This drinking and dining establishment has been a popular tourist destination in the Caribbean for over 25 years. Purchase price includes structure, 367' dock/pier, all equipment and appliances, liquor license, trade permits, pier permit and licenses, tax and social security numbers, and government sales tax ID. Name is highly recognized and is registered and trademarked. Two water recreational businesses rent space on the pier that produce additional rental income. The owner 2 BR beach condo valued at $400,000 can be negotiated in the sale. This bar has been featured on International House Hunters, Caribbean Travel Magazine, Fodors, Moons and has a Trip Advisor "Certificate of Excellence".

Property Type: Hospitality
Property Use: Business for Sale
Listing ID: L4XJ9N
MLS ID: 505
Style: Other Style
Building Size: 4,182 SF
Property Features
Age: 21-30 Years Old