The business has been running profitably by the owners, who built and have lived on-site for past 6 years, as a mid-priced specialty lodging: beachfront cottages vacation rentals for honeymooners, silence seekers, wildlife lovers, writers, etc. Quiet location yet only a 15 minute walk to town of Puerto Viejo.
100% Positive client reviews. Annual occupancy averages 67% but during the high season runs at 90% occupany. Business includes a well designed, responsive website with online booking. Many referrals and repeat business. Each of the three 650 sq ft rental casitas are elevated on posts; all structures are well built and incorporate beautiful, tropical hardwoods. Each is decorated with a Caribe flavor, fully furnished (including appliances), bathroom, fully outfitted kitchenette and private patio/deck. Owner's home is a spacious 3600 sq ft house between two beachfront casitas.
Held in a registered active corporation (S.A.) this is a concession property operating under a 20 year lease, renewable in perpetuity - all current and up to date with taxes/fees. Hotels and vacation rentals along the coastline are regularly sold in Costa Rica without issues when all is in order, as is this property. At time of building, owners were fortunate to purchase an adjoining lot making this property a legally documented 40 meter wide double lot.
The non-buildable portion of the property within the 50 meter maritime zone is approximately an extra 1600 m2 of land. This "bonus" land is available only with land that butts up to the 50 meter line; Owners have landscaped this piece providing additional privacy.
Power-lines, telephone lines nor any road is between the property and the beach; it is truly beach front to the Caribbean coast (Atlantic) of Costa Rica. Internet/WiFi and hard line telephone in place.
Opportunity exists for expansion with additional housing; Imagine: designer containers (two 20 ft included and on-site) or glam tents and/or rental of the main house. AirBnB would be a natural to grow the business, as well.
Well maintained lovingly by the owners this is a turnkey, ready to take over opportunity to live a more relaxed lifestyle while earning. Photos, details and financials available to qualified and serious inquiries only. Shown by appointment. No brokers, please.
Asking Price $650,000
Sales Less than $100,000
Profit Less than $100,000
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