Five Star Rates B&B

Description

Additional Details

• Description: This is a unique opportunity to own a profitable and in demand 5 Star rated bed and breakfast, situated only a 5 minute walk to Tamarindo beach, town centre and restaurants. There are 5 bungalows on site. 4 of which are situated around the swimming pool in the heart of the lot with 1 other towards the back of the property benefitting from a little more privacy. There is a 6th room adjacent to the main house which can be used as an owners quarters or rented as a 6th space to increase income. Each stand alone bungalow is made from local hardwood and give a warm natural feel to all guests, this is something that is common in the many 5 star reviews. Compromising of a spacious and comfortable bedroom with en suite, each bungalow has its own hammock and outdoor living space as well as access to the common area which includes a small kitchenette and tables and chairs. There is room for an owner to live on site as the current owners previously did for the 1st few years. The fact that is an adult only bed and breakfast means it really appeals to the niche of Honeymoon tourists along with other couples. This has been instrumental in helping the business reach such high profit levels making this a genuine 10 CAP investment. With very streamlined staffing of only one full-time employee for the green season and 2 for the high season (Dec to April) this business is very easy to manage. The current owner is present during the provided breakfast to assist in the organizing and selling of tours, day-to-day client relationships and trouble shooting. This process is repeated again after sunset time. It would be very easy to remove any owner involvement here by putting in place a receptionist/concierge resulting in a completely hands off turn-key business. While this business is very profitable and very easy to run, that does not mean you cannot make some improvements. There is scope to increase tour sales, add a 7th bungalow at the back of the property and even room to expand and improve one of the studio rooms to generate a higher rental.

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