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Listing ID: 3175120

Belize Diving Services (BDS) and Luxurious Owner's Home For Sale

Caye Caulker, Belize

$ 3,900,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: $ 1,000,000

Cash Flow: $ 250,000

Business Description

This is a tremendous opportunity to purchase a first-class scuba diving tour business in Belize with excellent potential for expansion plus a luxurious owner’s home. Enjoy a relaxed island lifestyle in a unique community that has retained the charms of Hemingway’s Caribbean and the adventure of offering scuba diving tours to The Great Blue Hole and Belize Barrier Reef, the world’s second largest barrier reef.

Caye Caulker is known for its extraordinary views of beautiful, clear blue Caribbean ocean waters, world-class diving, and family-friendly snorkeling and fishing.

Belize Diving Services hosts about 2,000 dive customers annually and generates $1 million USD in revenues. This is a turn-key, income-producing business with a great reputation and impressive return on investment. After years of experience working at Belize Diving Services, the seasoned and proven staff keep the business running efficiently and effectively. Caye Caulker and Belize Diving Services appeal to young divers in an industry with a declining older population, so that’s a great plus.

The 19,500 sq. ft. parcel is ocean front (60 ft. frontage) and features a 150 ft. pier channeled to depth (with 3 slips and entertainment palapa), a luxury residence and the Belize Diving Services reception office, as well as smaller facilities that support the dive operations.

This business has an impressive list of assets including two custom-fitted 46-ft Newton Dive Specials with a rated capacity of 36 divers each, a dedicated pier, 1,500 sq. ft. of reception and office space, plus dedicated diver facilities, including a compressor (2) room, changing area, bathrooms, and lockers, and wet-suit cleaning and storage.

Belize Diving Services is poised to expand laterally throughout the country of Belize or beyond into the Caribbean community.

Both the residence and the business are located on one of the largest parcels on the island in a private and quiet area that is a pleasant five-minute walk to the main part of town. The luxury residence was designed and built in 2011 by Strukture Architects, Belize’s premier architectural firm. The residence has amazing ocean views from every room – both sunrise and sunset – and features premium finishes, highend materials, and an extraordinary attention to detail.

The private residence can be used as a home for owner operators or vacation accommodation.

The residence and business may also be purchased separately.

Assets
Inventories (1,000,000).
Biggest dive boats in the area.

BOAT MAERA – 46 FT. NEWTON DIVE SPECIAL, 2010
BOAT MENIPPE – 46 FT. NEWTON DIVE SPECIAL, 2015
BOAT MELITE – 28 FT. CENTER CONSOLE
BAUER AIR COMPRESSOR - 2011
BAUER AIR COMPRESSOR - 2014
TANKS - 200
REGULATORS, 1ST AND 2ND STAGE - 50
DIVE COMPUTERS - 50
WETSUITS - 87
INVENTORY OF FINS, MASKS, WEIGHTS, ETC

Property Details

Years Established:

40

Property Type:

Real

Inventory Value:

$ 1,000,000

Real Estate Value:

$ 2,700,000

Other Details

Competition:

We are the largest dive operation on Caye Caulker, and the market leader.

Expansion Potential:

Belize and Caye Caulker are poised for significant growth with increasing tourism numbers and planned infrastructure improvements to the island, including a recently renovated airstrip and upcoming connection to the main national power grid. A Four Seasons resort also is being developed on the neighboring island of Caye Chapel, attracting high-end clientele. This is an opportunity to step into a turn-key business with excellent cash flow, and the capacity for expansion. In addition to building a first-class dive center, BDS Owner Chip Petersen has led a world-renowned team of dive professionals to re-open and map Giant Cave and Winter Wonderland, creating a unique dive experience for advanced divers on Caye Caulker. Of course, the Great Blue Hole tour is the most popular excursion, and BDS has created a guided tour that makes it accessible for divers at various skill levels. The building on the property was designed for flexibility and expansion. Presently, BDS occupies the ground floor of the residence building. But the business can be relocated to the other end of the property if future owners want to expand the residence. In the building’s current configuration, opportunities for rental income also are flexible: the residence can be rented as a whole or as two separate flats. Plans for developing additional condominiums on the underutilized land included with this property are available upon request.

Living Accommodation?

Yes

Operation Details

Support & Training:

Turnkey team of instructors, licensed captains and staff in place. Owner transition support as needed and by agreement.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
Owner financing available for a well-qualified buyer.

Reason For Selling:

Repatriated for children’s education.

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