Sandy Beach Resort with Restaurant and Bar.
GENERAL SUMMARY
Well established beach resort located on a very beautiful sandy beach that includes a large restaurant and bar. The land is titled and located in Negros Occidental. The business is profitable and fully operational with a value exceeding over USD $1.5 million. There is direct road access, 24/7 electricity provision, and is a safe area against typhoons and floodings. The resort can currently accommodate 76 persons with a total of 15 accommodations.
The resort has an established reputation and holds good reviews on Booking.com, Airbnb, Agoda, Facebook, Lonely Planet, Google, Kayak, and other Negros websites. Currently, the resort is in partnership with Booking.com/Agoda and Airbnb for online bookings, leaving big opportunities for the potential buyer to establish many more partnerships and contacts with other agencies to promote the resort at its full potential. The owner does not have the time to further develop. However, the resort has a great active and informative website and a Facebook page, both well established.
Reservations are guaranteed through online bookings, returning customers, walk-in clients, day trips, event bookings, weddings, and several corporate events. The resort attracts both local clientele and foreign tourism, which allows fully booked days in high season and continuous operation in low season.
The restaurant is very popular, serving the best freshly cooked and tasty foods. It is awarded by Restaurant Guru.
The business is for sale directly by the owner, not through real estate agents. It is a good opportunity for both foreign and Filipino investors. The resort is currently established under a corporation. The sale includes the transfer of the business, titled land, and shareholders of the corporation at no extra fee. The business can also easily be transferred to a Filipino’s name. The sale includes the business in operation, the permits, all the buildings and fixtures, assets and titled land. The front foreshore and homestead concessions are currently under process as well.
All permits and government-required certificates are in place, and taxes are paid up to date. Annual financial audit is conducted, and financial statements are up to date.
The resort has a beautiful garden with tropical plants, large coconut trees, and flowers. The resort is fenced with high concrete walls throughout. There is an already installed fiber-optic internet line and provision of Wi-Fi connection throughout the resort. There is a private airport for small jets next to the city for convenience.
LOCATION
Located on a beautiful sandy beach with amazing sunset views right in front of the resort in a popular but tranquil area with other neighboring foreigner owned resorts. The area provides amazing nature between hills, caves, coves, picturesque beaches, corals reefs and hiking opportunities. Activities include snorkeling, diving, island hopping, cave exploring, kayaking, trekking, hiking and more. The main beach is large with soft sand with no rocks and perfect for swimming.
PREMISES DETAILS
The resort includes the following buildings:
A total of 15 accommodations that all include hot and cold showers, private bathrooms, private balconies, fans and air conditioning. All the foundations and floorings are concreted with ceramic tiles and aluminum roofing. The accommodations have bamboo and wood finishings for aesthetics. Concrete posts are themed to look like large bamboos as well.
Additional important assets included:
COMPETITION
The resort is located next to other similar resorts on the same beach
EXPANSION POTENTIAL
Building permits are valid for an extra of 3 cottages plus the owner’s house
LIVING ACCOMMODATION DESCRIPTION
There is currently no designated personal living accommodation. The owner is residing in one of the resort’s accommodations. however, the fully concreted back building which consists of 2 floors is a great opportunity to convert into a private residence, currently used as 2 separate resort accommodations.
SIZE
2000 sqm
PLANNING CONSENT
The land is titled with an area of 2,000 sqm. Additionally, the front foreshore is 778 sqm in size and the front homestead is 638 sqm in size.
YEAR ESTABLISHED
2012
EMPLOYEES
5 full time staff plus 5 on call helpers
TRADING HOURS
6am to 10pm regular hours of operations. Hours may be extended upon guest demand.
SUPPORT & TRAINING
Full training and support by the owner will be provided as needed at no extra charge.
REASON FOR SELLING
Owned by French and Canadian family that are retired in another country and not able to take care of the resort.