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Beachfront Hotel With 12 Rooms & Rustic Construction For Sale

Canoa, Manabi
Asking Price:
$690,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
$50K - $100K (USD)

Small rustic hotel right on the beach.There are 40 meters of beach front and the beach area is protected so no one can put anything there in front of us.The property is about 3,000 square meters and on a street corner and there is a lot of room for expansion.There are separate cabins and also rooms with shared bathroom, all have hot water.There is also an owners residence with three bedrooms with bathrooms, large kitchen and living area, it is also very secure being on the second floor. The house is brand new having been rebuilt after the 2016 earthquake using mostly bamboo.
More can be seen on the web site, www.baloo-canoa.com, where there is also a link to a YouTube video of the property and the general area.

Property information

Real Estate:

Real Property Included

Living Accommodation:

2 bedrooms with 2 bathrooms on third floor, social bathroom off living/dining area with large kitchen, all separate from hotel

Location:

Prime location on street corner with unlimited potential for further developement

Premises Details:

40 meters of beach front,which is a protected area and can not be developed.

Planning Consent:

Building permits for any expansion are no problem to obtain

Business Operation

Expansion Potential:

There are extensive areas for expansion

Reasons for selling:

retired and 69 years old, need to really retire and relax

Trading hours:

24 hrs

Employees:
4
Years established:
2006

Other Information

Support & training:

staff are very knowledgeable about most thing but the present owner will be in the area probably longterm

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Website:
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