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Property Description

Listed for sale exclusively with Keller Williams Realty is this never before offered Bar, Restaurant and Cabinas right in the center of Pavones Costa Rica. This property is walking distance to the legendary wave in Pavones Point and Rio Claro. It currently has 3 cabinas that each can rent out for $60 per night and because of the location, they are usually rented almost all year . The bar generates on average  $1,250 after expenses per week and the restaurant another $800 per week. This totals about $148,000 per year which is about a 20% ROI (return on investment). This property is on the maritime zone which means it is not titled property but available via a concession. The paperwork for the concession is current even though the concession has not been officially approved (almost no one has an approved concession in Pavones due to slow paperwork and red tape). You will be purchasing the shares in the corporation that has the possession rights and the “Patente” or bar business license. You will receive the corporation with all the taxes and the fees paid for and up to date so that you can start working the business right away. This is the only bar in Pavones and because of the law that says only 1 bar per 1,000 inhabitants no other bars will be allowed to compete against you in central Pavones (There are other bars in Pilon, Zancudo and Punta Banco).

Appliances
Address Map
Costa Rica
Puntarenas
Pavones
60704
0
W84° 51' 50.5''
N8° 23' 40.9''
Neighborhood
2 Minutes
1 Minutes
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90 Minutes
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Bar La Plaza- Playa Pavones Costa Rica

Pavones, 60704

427 m²
$750,000
Listing ID #1065
Basic Details
Property Type : Business
Listing Type : For Sale
Listing ID : 1065
Price : $750,000
View : Ocean
Year Built : 2000
Lot Area : 427 m²
Contact Agent
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