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Businesses For Sale   >>   Netherlands Antilles Businesses For Sale

Small Caribbean Hotel - 8 Cottages & Private Residence For Sale

Location  Netherlands Antilles
Asking Price Range  $500K - $1.0M
Gross Revenues  $130000
Net Profit / Cash Flow  $50000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1994
Number of Employees  1 - 3
Inventory  45000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Looking for a new adventure

Description  
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.


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