Restaurant Business – Investment Real Estate, Corozal

Investment Real Estate Assets, Including Building & Two Lots For Restaurant Business, Corozal Town, Belize

PRICE REDUCED! PROPERTY KNOWN AS MARISQUERIA PISCES – REASON FOR SALE! OWNER RELOCATING. Here is a great opportunity to consider a new neighbourhood restaurant walking distance from Corozal Town (.48 mile to be exact) and great location with past 8 year history of good customers and service. Note that the sale ONLY includes the real estate and not the business. Do not request for any financials. Buyer needs to conduct own due diligence.

With good sense and a proper business plan this property has the ideal “recipe” for success.

As you consider this neighbourhood for a potential new restaurant, consider the distance to town, amenities and facilities, pay careful attention to how the market in this area has matched up to target customers. Although the business is not included in the sale, consider that it had 8 years of history of good food and service.

Note demographic statistics, traffic (including foot traffic), and nearby places of interest. This will give you a good sense of how well a potential new your restaurant business will perform at this location.

Competition is a key factor in selecting the right neighborhood. What kind of restaurants already exist in the area? How do they compare to your personal concept? How are those restaurants faring today? How will your concept be unique and different? If there is a lot of competition in the area, what is it about your concept that will give you a competitive advantage?

The ground floor flat is serving as a restaurant. It is enclosed with masonry blocks and metal cage walls designed to a rectangle shape measuring 22 feet by 36 feet or 792 Square Feet plus a second section annexed to the rear designed to a rectangular shape measuring 10 feet by 14 feet or 140 Square Feet with masonry block walls. This said ground floor flat measures a total of 932 of under roof accommodation with a dining area, kitchen, serving area and bar.

Annexed to the left side of the restaurant on the said ground floor flat is an outdoor dining area measuring 6 feet by 36 feet measuring a total of 216 Square Feet built from metal purlin frame and covered with industrial galvalume extended from the restaurant primary roof.

Annexed to the front, left side of the restaurant building is an enclosed shed designed in a rectangular shape 10 feet by 24 feet or 240 Square Feet of space supported on wooden posts at one end and fixed to the main structure at the other end leaning to roof. The frame built from metal purlins covered with industrial galvalume.

The upper flat is enclosed with masonry blocks designed to a rectangular shape measuring 10 feet by 14 feet or 140 Square Feet of under roof with a bedroom and bathroom layout.

Appliances include a refrigerator, butane stove, microwave, cooler.
chairs, tables.

The main water source is provided by one shallow water well point on the property.

The sale includes two lots. Building sits on both lots with lots of room for expansion.

• Full Mortar Concrete with metal bars
• Awesome Potential For New Restaurant
• 1 bed/ 1 bath Studio annexed to restaurant
• Smart Internet
• Flooring is fully tiled
• Detached Restaurant bathroom
• Septic system

• Restaurant Space – 792 Sq. Ft.
• Studio – 140 Sq. Ft.
• Enclosed Shed – 240 Sq. Ft.

• Parcels 3111 measures 460 Square Yards and Parcel 3112 measures 460 Square Yards
• Two Lots
• 1 well water point on property 12 feet deep
• .48 mile from town
• Near sea and other amenities and facilities
• Stores, restaurants, water taxi, banks, airport and parks in town, etc.

• Municipal Property taxes are approximately US$20.00 per year
• Features are believed to be accurate
• Buyer should verify to their satisfaction
• Closing costs, including stamp duty are the responsibility of the Buyer