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Sprout Restaurant Across From Beach In Tamarindo For Sale

Playa Tamarindo, Guanacaste, Costa Rica
Asking Price:
$375,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$180,000 (USD)
Cash Flow:
$100K - $250K (USD)

Across from the Beach, Sprout Restaurant is one of the most popular restaurants in Tamarindo. Serving healthy and farm to table food, including Calamari, Tacos, Gourmet Sandwiches, All Day Breakfasts, Custom Burritos, Salads, Iced Teas & more. Sauces, drinks, and seasoning all made from scratch. We provide all ingredients, recipes, vendors, etc...

The Restaurant has a bar with a liquor license (hard to get nowadays), public bathrooms, seating for over 40 people, a seating bar style area in the front and is next to the Surf Ranch Hotel, which provides daily guests for breakfast and lunch.

The restaurant is open 7am - 9pm. You can keep the restaurant open longer hours, and add a dinner menu and offer delivery for more income. Many ideas to generate more income. We currently got the restaurant up to generating around $500 usd average per day, up to $1000 per day in high season.

We have the Lavu app, which shows you as an owner how much you sold each day, per hour, which items, etc...everything on your phone. It is hooked up to Ipads in the restaurant, which the servers can take orders on the Ipads, and it is sent straight to the kitchen in the back wirelessly. Each food item has the exact recipes attached which is deducted from the inventory system each time an order is placed. Inventory is very easy to count once or twice per week and is very accurate.

Brand new signs added to the front of the restaurant.

The whole restaurant has been newly renovated, with new everything, new menu with the same options that locals and tourists have enjoyed for the past 5 years. Discounts to return guests. The restaurant is always full in high season, and pretty steady during low season.

This is under a lease. There are 9 years left, and first rights to extend once the 9 years is up. You will receive the corporation, shares, business, everything in the restaurant, as is. Everything is up to date, all taxes paid. You will also need to pay monthly to rent the property itself as it is a lease. You will be purchasing the business and everything that comes with the business.

Over 643 reviews on Trip Advisor (rated 4.5 out o 5 stars)

You will receive all passwords and access to the trip advisor account, google account, website, instagram, facebook page, etc...

The Sprout restaurant brings in around $180,000 USD + per year and growing.

If you are interested, we are taking serious inquiries only. We can meet you anytime to show you the restaurant and answer any questions that you may have. Very easy transaction as we will help you during the transition until you are completely satisfied and can run it on your own. Business transaction here in Costa Rica or Canada, PayPal, partial Bitcoin, etc... Flexible with payment type.

9 years left on lease. Renewable.

You can contact us for more information

sprouttamarindo.com

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

Property Information

Real Estate:

Lease

Lease Terms:

The lease is $2400 usd per month, non negotiable. 9 years left on the lease and is extendable. The restaurant easily pays the lease, all staff, expenses, electric bill, food items and has a great monthly profit on top. Some months the restaurant brings in $30,000 usd. Slower months around $12,000 usd. Much room for growth and more profits.

The $2100 usd increases every few years. We can provide this information in detail.

Leasehold Rent:

$2,400 (USD) per annum

Living Accommodation:

There is no living accommodation available onsite.

Location:

Located on the main road, beside Surf Ranch Hotel, Economy rent a car and across the street from the beach, Witch's Rock surf camp and main surf break in Tamarindo. Walking distance from everything.

Premises Details:

Located next to the Surf Ranch Hotel. The hotel provides a flow of daily guests that come eat breakfast, lunch and dinner. Discounts also offered to the hotel guests.

Planning Consent:

Permits for everything! Health, Liquor, etc. all up to date.

Business Operation

Expansion Potential:

The owner of the property mentioned that a 2nd floor above can be added on, but at your cost. We still own the Surf Ranch Hotel attached, so if this is something you are considering, we would also be interested to team up with this additional add-on.

Competition / Market:

There is no competition in the area. Next door is a small Tica owned shop selling Casados, different clientele. Across the street is fried food, so same thing, different clientele. Sprout Restaurant is a healthy restaurant with made from scratch items and food sourced from local farms and the ocean. Fresh, healthy food that tastes delicious. Come try it!

Reasons for selling:

We are in the hotel industry and are expanding our hotel business around the world. The Surf Ranch Hotels & Resorts. Sprout is a great addition to the hotel, and we put a lot of energy, money and time into making Sprout what it is today, but our main focus is in expanding our hotel brand. We are in no hurry to sell Sprout, it is a great income producer, but we need to focus more time on expanding our hotel brand to other countries.

The hotel also has a 9 year lease under the same owner, and we will be renewing the hotel contract, so guarantee renewal for you after 9 years as well.

Trading hours:

8am - 9pm. Every day of the week. Hours can be extended.

Employees:
4
Years established:
5 Years

Other Information

Support & training:

We live in Tamarindo and own the Surf Ranch Hotel. We will be available anytime you need. We will offer free instruction and guidance during the takeover. No cost to you. Until you are 100% comfortable with all systems, etc...

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

We can do a 6 month payment plan, but ownership is not received until paid in full.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD) - included in the asking price
Website:
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