2021 Over 300k in revenue and +10% cap rate! The current owner will stay on as the operator (Negotiable). Over 200K in future booking into 2023. This is a turn key investment as well as a great land play. Sandy beach properties are hard to come by.
This is a unique property. In a market flooded with small hotels, condominium development and residential vacation rentals – Barefoot truly is one of a kind. It’s beachfront. It’s beautifully updated and maintained. It’s a turnkey business opportunity. All of these qualities combined make Barefoot RARE. And even through some of the most challenging times on record for the hospitality industry, IT’S GROWING AND MAKING MONEY. With tourists anxiously awaiting a return to normality, the North Coast of the DR is priming for a boom, and Barefoot is situated and prepared to reap the benefits.
Barefoot utilizes a hybrid business model which combines the design and amenities of a boutique hotel with the comforts of renting a large beachfront vacation villa. Our business is group events: Corporate functions, Weddings, Bachelor(ette) parties, Family reunions. The truth is that vacationers love all inclusive food and services but standing on a line with 500 strangers for breakfast is not appealing to most guests these days. At Barefoot, a group can enjoy all inclusive services, customized dining options, help with excursions and transportation, all from the comfort and SAFETY of an exclusive beachfront oasis.
Over 40K in appliances and furniture included. Solar panels to be installed in early 2022.
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See the property on our website, realtordr.com
Visit the profile of the listing agent, Robert Maceachern