Dive Resort in Palawan Philippines - Assets Rich and Profitable
Listing ID:
063-60-13-020
Listing Type:
For Sale and Rent
Listing Categories:
Accommodation
Dive Center : Dive Resort : Hotels
Dive Center : Dive Resort : Hotels
Region:
South East Asia
Location:
Philippines
Features |
| Excellent growth history and future potential Established and well-known Fully Staffed Profitable Main Road Location Retail Shopping Nearby High Foot Traffic Beautiful Bay Views Beach Frontage |
Listing Description |
| Established in 2023 and located on the beachfront of Bacuit Bay, El Nido on the Island of Palawan. This Dive Resort has four income streams - Dive Center, Bar and Restaurant, Tourist Accommodation and a Cafe. It operates from a four-level building (3 floors and a rooftop) of about 650m2. The building takes up all of the 184m2 land plot.
The dive center comes with 3 fully equipped banker dive boats, 1 fully equipped speedboat, 3 Bauer dive compressors and dive gear and tanks for up to 40 divers. Services offered include PADI dive courses, refresher courses, scuba and snorkelling, overnight dives and fun dives. The cafe is on the ground level along with a bar and the reception. The 2nd and 3rd levels are guest accommodation consisting of 6 private rooms and 5 dormitory rooms. All rooms are furnished to a high quality. The rooftop (4th level) is a bar and has beautiful bay views. The building was built in 2023 by the current business owners and cost PHP 40 million. The business is fully staffed, including qualified divers and instructors, with 52 full-time staff and around 10 casual staff. Fully operational and setup, the business has 2 websites, 4 Face Book profiles and an Instagram account. Total revenue is currently around PHP 6,800,000 a month. The owners are offering the business for sale due to relocation and to pursue other business ventures. The rental tenure is until 2048, with an option to renew. A Philippine registered company is included with this offer if required. Asking price includes stock on hand at the time of transfer and the owner or representative will assist with transitioning. Financial records are available and may be viewed upon Inspection and after completing a Non-Disclosure Agreement (NDA). |
Business Details
Listing Type:
For Sale and Rent
Asking Price:
USD 1,465,000
Negotiable:
The Price is negotiable
Stock / Inventory:
Stock at the time of settlement is Included in the asking price
Property Details
Tenure:
Leasehold
Tenure Period:
25 Years
renewable
Rent:
PHP 180,000 Monthly
Security Deposit:
PHP 1,500,000 (Included in the Asking Price)
Land & Building Details
Building Type:
4-Level Concrete Retail Building
Furnishings:
Fully Furnished and Equipped
General Details
Available:
Now
Inspection / Meeting Times:
Monday to Friday 1000 to 1600 by Appointment
Inspections and/or meetings with owners are strictly by appointment only and should be booked at least two working days in advance. A non-disclosure agreement needs to be provided prior to confirming the inspection/meeting.
Inspections and/or meetings with owners are strictly by appointment only and should be booked at least two working days in advance. A non-disclosure agreement needs to be provided prior to confirming the inspection/meeting.
VISAs / Working Permits (Foreign Buyers):
Buying a business does not, in itself, entitle you to a VISA or work permit. In ALL countries, there are additional requirements and approvals needed. If you are uncertain about your entitlement to live and/or work in Philippines, you should seek independent legal advice prior to pursuing purchase of this listing.
Accuracy of Data and Due Diligence:
While we regularly ask Sellers to review their listing to ensure the information is correct, information may change from time to time. Responsibility for validating information regarding this listing and conducting due diligence is the responsibility of prospective Buyers.
