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#Business ID: 15123

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Growing Hotel / Hostal in Playa del Carmen

Business Location: Zazil- Ha, Playa Del Carmen, Quintana Roo, Mexico

Asking Price: $ 500k to 1m Revenue: $ under 100k Cash Flow: $ 0 to 100k

[Furniture / Fixtures and Inventory / Stock included]
[Real Estate Included]

Business Summary

Great potential for investment opportunity! Currently at 95% occupancy year round and run as a backpackers hostal/ short term condos. Create a bed & breakfast and/or use the current property as a home away from home that also has provides a return on your investment.
Other income generating opportunities include onsite restaurant, tour agency, hostal membership, and much more.
Specifications:
Lot size: 220 m2
Building size: 320 m2 + 2 terraces, staircase, & 2 balconies
2 Storage facilities with separate entrances
Built in 2006
Eco-friendly utilities and amenities to reduce expenses
Underground cistern

Mexican Corporation – S de RL de CV included in sale.
Guest Hostel with repeat guests
Marketed towards divers, students, international backpackers, ex-pats, retirees
Taxes have been paid in full to date
Full time property management company manages building & guests
Net profit of more than $5,000 a month currently with lots of potential.

Location:
Located 3 blocks from Coco Bay
North side of Playa del Carmen
Large development area with
more planned infrastructure
1 block from 5th Avenue
3 blocks from the local amentities including beach clubs, supermarket, laundry mat, restaurants, cafes, and bars.

Property Details

Size:

1500 sq ft.

Years Established:

2008

Property Type:

Real

FF&E:

$ 100,000

Inventory Value:

$ 10,000

Real Estate Value:

$ 650,000

Other Business Details

Business Location:

Residential area located on 44th Street between 10th and 15th Avenue. 1 block from 5th Avenue and 3 blocks from the beach.

Premise Details:

The building is built in the back left corner of the lot with space to extand the front entrance to create a tour agency or small restaurant

Competition:

We have very little competition in our market as we cater to budget travelers and retired couples that cannot afford the expensive prices of most places in Playa del Carmen. We are in a niche market that has many repeat customers that spread the word about our business.

Expansion Potential:

The business has incredible expansion potential including space to implemente a on site restaurant, outdoor area to sell tours or rent bikes. The guests are always looking for more ways us to help them plan their stay.

Living Accommodation?

Yes
There are total of 8 units and 1 is the penthouse where you could live full time and manage the property. Any of the rooms could house the owner and still bring in revenue to live happily.

Business Operation Details

Employees:

5

Trading Hours:

The business is open all day to allow guests to arrive at any time but we have a key system so guests can let themselves in after hours (9am-5pm) normal business hours.

Support & Training:

I would be willing to provide 1 month onsite support and training of staff to familiarize the buyer with the property and business.

Miscellaneous Details

Reason For Selling:

I am posting this business to find the right person to take it over. I have built it up with my own hands but no longer reside in Mexico. I would like to sell the business to someone that can put as much love and attention to it and watch it grow like I did.

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