Boracay – Business for Sale

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BUSINESS FOR SALE :  SPORTS BAR / HOTEL

Lot area: 276 sqm more or less (303 sqm on final lot survey or 3262 sq ft)
Zoning: Commercial/ residential; about 98% of lots in Boracay is on tax declaration. Land taxes paid for until 2014.
Living area: ~ 350 sqm more or less (2 storey house= approx. 180 sqm or 1937 sq ft; bar area= approx. 170 sqm or 1830 sq ft)
Parking Space: Yes (inside the property and along the road)
Selling Price: $ 249,000 ( negotiable )

Description:

Ideal for a mini-hotel with bar & restaurant.

This Sports Bar is operational. It has a 28-seater  mahogany wood bar with7  LCD/ LED TVs, LED projector, industrial fans, Yamaha mini-road racing bike, etc. It also has a tiled bathroom (with HCG powerflush toilet, sink, HCG male urinal, etc), staff room, rat-proof storage room, and fully furnished kitchen (with charbroil grill, pizza oven, 18 cubic feet and 7 cubic feet Whirlpool freezers, big coolers, blender, gas oven, burners, etc, etc).

Glassware, silverware, chinaware are also included.

PLUS: recipes including Neapolitan style pizza, ever-famous Thai food, and the popular buffalo wings! The websites for the bar are also included on the sale.

The bar’s foundation and massive poles are built to hold a 3-storey building (ideal for a mini-hotel).

Great investment opportunity: Boracay House and Lot For Sale

Income Potential:

  • Option 1: Rent the house out to tourists for at least 150 USD/day (similar size homes for rent in the neighborhood go for $175 or higher per day).
    • 150 USD per day X 30 days = 4500 USD a month
    • Bar/ restaurant business @ lowball income estimate= ~2,000 USD
    • Total: 6,500 USD per month (or $78,000 yearly)
    • ROI: 249,000 USD / $78,000= 3.2 years to get your money back.
  • Option 2: Easy option. While preparing to do a hotel and restaurant business, you can lease the property to expats who look for comfortable homes away from the hassle and bustle in town. Monthly rental income potential (~70,000 php monthly for the house;  ~30,000 php monthly for the bar)

for serious inquiries of this limited opportunity, please email or call me at my office.

thanks and regards.

robert

Robert G. Sarmiento Properties
Professional Affiliation :                                                                                           PHILRES, San Juan                                                                                                                                                     Real Estate Broker’s Association of the Philippines
President, Greenhills Chapter 2008-2009
02 5148481 ( direct line )
+ 632 5536051 ( trunkline )
+ 632 4781316 ( telefax )
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Email : roberts@surfshop.net.ph
Website : www.robertgsarmiento.org
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