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Sayulita Bar And Restaurant By The Beach For Sale

Sayulita, Nayarit
Asking Price:
$80,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$40,000 (USD)
Cash Flow:
Under $50K (USD)

We have a great run but now it's time to retire. We have been restaurateurs since we moved to Sayulita in 2008. It has been wonderful but now it's time to enjoy retirement.

Latitude 20 Sayulita (Google it) is an established sports bar", nightclub, and BBQ restaurant and grill. The sale is a "walk away" sale. It includes a full bar/restaurant liquor license (fully legal, taxes paid with current, address and ownership), furniture, POS system, flatware, glassware, televisions, basic audio equipment, all coolers and freezer, shelving and inventories.

The purchaser can negotiate a new lease with an OPTION to BUY the property. This restaurant also has an outdoor patio making the property the size of two small lots and developed property. The building has a residence above the restaurant which could be expanded to vacation rentals.

And finally, because we are residents here we are available for limited consultation about procedures and processes of doing business in Mexico. We will provide upon closing, names and contact information of Mexican accountant, Mexican Immigration Attorney, purveyors, and current market trends.

The property can be purchased for less without the liquor license.

We have a large community of returning customers and "word of mouth" reach through Colorado, California, the Northwest, Texas, the Midwest and part of the eastern seaboard. When returning from the States the last time and conversing with a fellow passenger, he said it was his first time to Mexico and Puerto Vallarta and that his friends told him the one place he must visit was Latitude 20 in Sayulita. We are proud of our service and our loyal clientele.

There are great opportunities to grow this business. As older owners, we only recently increased our hours of opening and intentionally marketed to specific demographics, as well as our International clientele. Additional markets include the destination weddings, trending destination vacationers, private catering, and delivery.

Thank you for your consideration.

If interested please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

Rent is to be negotiated with owners. Should the buyers choose not to purchase the property, the owners will not continue with amplified music.

Living Accommodation:

This is negotiable with the owners of the property who will consider an option to buy the property which has an apartment above the restaurant.

Location:

Latitude 20 is located one block from the beach and one block from the main street Sayulita.

Premises Details:

This property has a seating of 75. This is one of the very few restaurants in Sayulita with indoor and outdoor seating ensuring comfortable seating regardless of the weather. The trend of al fresco dining on the street may stop. This property will not be affected by possible future regulations.

Size in square feet:
1,500
Planning Consent:

We are fully compliant with all planning and zoning.

Business Operation

Expansion Potential:

Opportunities for expansion include opening for breakfast, destination weddings, catering, private chef, and delivery. Should the new business owner decide to negotiate for the property there is expansion above the restaurant for building vacation rentals.

Competition / Market:

Sayulita has the designation of Pueblo Magica. This is a Federal Marketing of the town and its entertainment and hospitalities. The town is growing and there are many restaurants. We have always done well by providing quality service, foods, and location.

Trading hours:

Currently, from 12 pm to 12 am.

Employees:
Bartender, Lead Cook, Sous Chef, Wait Staff
Years established:
7 years in this location.

Other Information

Support & training:

We will provide all the support you need to open immediately. Mexican accountants, Mexican Immigration Attorney, lists of purveyors and schedules.

Furniture / Fixtures value:
$20,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price

Contact Information

    1. Your Address

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