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Small Caribbean Hotel - 8 Cottages & Private Residence For Sale
Location: Netherlands Antilles -> Saba
Industry: Hotels and Holiday Accommodation > Guest Houses / Bed and Breakfast




Business Summary

El Momo Cottages is located on a steep hillside - and therefore appears to be much bigger than the 1818m2 / 0.45 acre it actually is - in a quiet residential area, 5 minutes walking from the center of Windwardside. A set of stairs leads up to the pool deck, the front desk area, the private residence and the workshop. From there, several sets of stairs continue further up the hillside to the different cottages and the restaurant.

There are currently 2 cottages with a kitchenette and a private bathroom, 3 cottages with a private bathroom and 2 cottages that share a bathroom. The Dolphin Apartment, a masonry structure below the private patio, also has a private bathroom. The private residence, all of the cottages and most of the bathrooms offer a fantastic view on the Caribbean Sea. The private residence is an open style one bedroom house with high ceilings and a large private outdoor living space.

An appraisal done in February 2010 estimated the market value of the real estate on US $850,000, 26% for the private residence and 74% for the business. After the appraisal a great number of renovations and expansions have been carried out.

Saba is one of the world's top destinations for diving. Around 60% of the El Momo guests are divers; a very stable and reliable visitor group. Around 30% of the guests come to hike. Our visitor group has proven not to be very sensitive for recessions. Saba is very friendly, safe and has the best climate in the world due to its altitude, mosquitoes are rare, but it has no beach. There are between 4 and 7 flights per day and between 6 and 8 boats per week connecting Saba to St. Maarten. St. Maarten in one of the major airline hubs in the Caribbean and has daily connections to a number of American, Canadian, European and Caribbean destinations.

If you want to buy El Momo you need to have some money in the bank. The bank will probably not mortgage more than US$ 500,000, but definitely not more that the auction value of US$595,000.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $130,000
Cash Flow:   $50,000
Cash Flow Type:  EBITDA
Inventory:  $45,000
Seller Financing:  No

About The Business

Year Established:  1994
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Looking for a new adventure

Photos

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Small Caribbean Hotel - 8 Cottages & Private Residence For Sale Photo 1 Small Caribbean Hotel - 8 Cottages & Private Residence For Sale Photo 2 Small Caribbean Hotel - 8 Cottages & Private Residence For Sale Photo 3




Print Listing Id: 700155062
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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