Thriving adventure sports resort on a private island at Glover's Reef, an atoll located 35 miles offshore in southern Belize. Thatch cabanas, coral reefs, palm trees; sea kayaking, scuba diving, windsurfing, surfing, kayak surfing, snorkeling, bonefishing; full program of inland tours, caving, whitewater, Mayan ruins, jungle. Turn key operation, in business for 20 years.


Property information

Location: The rustic resort is located on the windward side of Long Caye, occupying half the island. One side of the island faces the Caribbean Sea, the other side fronts a calm lagoon inside the atoll. Beach shore line on half the island, coral reefs surround the atoll and lagoon; water is crystal clear, 80 degrees year round. Island is one of the top dive locations worldwide.
Living accommodation: Company owns a house in Belize City from which operations are based.
Lease terms: Current owners of the company own the island property, and would guarantee a long term lease with first option to buy property. The 5.2 acre island property with resort facilities is for sale at $2,195,000.
Real Estate: Lease

Business Operation

Years established: 20
Employees: 3 in US, 15 in Belize
Trading hours: n/a
Reasons for selling: retirement
Competition / Market: Other resorts are in operation on 2 other islands at the atoll (of 5 islands total).
Expansion potential: Exceptional location (best islands in Belize are found at Glovers Reef Atoll) of this property make expansion potential enormous, especially if focus is on scuba diving. Could build more cabanas and expand facilities easily. Current business only open 6 months per year (Dec. - May), would expand business if resort catered to divers and stayed open in the summer.

Other information

Website: www.slickrock.com
Furniture / Fixtures value: $600,000
Financing available: limited owner financing available for island property only
Support & training: Owners would stay on for a transition period to train buyer.
Price:
$995,000
Cash flow:
Available on request
Revenue:
$905,000
Seller financial available: N/A
Work from home: N/A
Franchise: No
Year established: 20
Employees: 3 in US, 15 in Belize
Date: Wed 19 Jan 2011

Listing Expired!

Category: Real Estate For Sale
Additional Category: Hotels and Other Lodging Places
Location: Belize
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