Coral Reef Inn

Avenida Xel-Ha (Calle 15 Sur) #363, Cozumel, Quintana Roo, Mexico

888-630-5706 (Toll-Free US/CAN) or 719-680-3998

 nelson19657@hotmail.com

$300K US - Terms Negotiable

This property was built by American investors in 2005, and opened for business as the Coral Reef Inn in March of 2006. The Americans operated the business until late 2007, when Canadian investors partnered with them and took over the day to day operation of the Inn. The American investors are interested in selling their remaining 50% interest in the property and 51% interest in the corporation. The remaining Canadian interest in the property is also negotiable for those investors who wish to own the Inn outright.

You can expect a 10-15% minimum ROI from the business alone, not including escalating property values.

The Coral Reef Inn is located in the favored Corpus Christi area of Cozumel - 4 1/2 blocks from the waterfront and 8 blocks from the center of town. The location offers a mixture of native culture, popular tourist attractions, world class diving, snorkeling and fishing - all just minutes from the front door! Features of the property and Inn include:

• Modern construction - built in 2005 to American standards
• Postivie revenue generating business
• Established Mexican Corporation
• All Federal, State and local business licenses included
• Lot Size 12m x 18m (40 ft x 60 ft)
• Dwelling Size - 465 sq. mts. (5000 sq. ft.)
• Dry lot location - zero water problems
• Business affiliation with world renowned dive operator
• Managers Condo - 1 bedroom, 1.5 bath w/ kitchen, dining, and living areas  (appr. 1500 sq. ft) 
• Rental Units - 5 - 1 bedroom, 1 bath units - complete w/ separate private entrances
• Large fully-equipped shared kitchen for guests
• Large dining area for guests
• Multiple patios - indoor and outdoor
• All operational furnishings, linens, appliances and fixtures required for business operation

Specifications-                                               

Structure

• Concrete block
• Concrete and rebar reinforced columns, headers and bases
• 2.5 cm stucco surface finish
• Fine Mexican ceramic tile through-out
• Hurricane proof - tested to category 5+ - zero damage, zero water rise

• City water, city sewer
• Deep water well
• 2750 liter (750 gal) underground fresh water holding tank
• Two 1100 liter (300 gal) roof-top fresh water holding tanks
• Dual water pumps
• Copper tubing through-out
• Rough plumbed for a pool of Jacuzzi

• 240/120 VAC, 200 amp service
• Two separate meters
• Dual circuit breaker panels
• Cable TV and Cat 5 network cables in each suite

• 300 liter (80 gal) roof-top tank w/ street fill connection
• Copper tubing through-out
• 6 gas hot-water heaters
• 2 gas stoves w/ ovens
• 1 gas clothes dryer

• 12000 btu mini-split Carrier Brand units per suite w/ remote control