Beautiful 18 Room Boutique Kite Surfing Hotel in Cumbuco-CE; R$4.5Million - 15%Cap Rate

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Beautiful 18 Room Boutique Kite Surfing Hotel in Cumbuco-CE; R$4.5Million - 15%Cap Rate

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Beautiful Boutique Kite Surfing Hotel in the tropical town of Cumbuco on the North East coast of Brazil. Perfect environment to kite surf, relax, dine and make new friends.

-)18 rooms  ( 6 to be added next year )

-)1900m2 land

-)1200m2 construction

-)Beachfront Bar and Restaurant

-)Currently owned by a Brazilian company with 2 english shareholders

-)Bought 4 years ago from French owner.

-)Extensively renovated with 10 new rooms added,new roof,landscaping

Location

Cumbuco; Kite-Surfing Resort

30 mins from Fortaleza

40 mins from International Airport

Hotel Operations

-)New manager installed in January 2018

-)Slovenian manager with extensive knowledge of hotel management

-)Complete overhaul of management operations

-)16 employees

2017/2018 Revenues and profits demonstrate a return on investment of 15%

Projections

-)Currently 2 Air France flights per week and 3 ArkFly flights from Amsterdam

-)This is set to increase to 3 Air France and 5 Arkfly flights per week by January 2019

-)Norwegian charter flights also set to start up in 2019

-)5 weekly flights from the U.S also planned for 2019 ( currently 1 )

-)The hotel has an agency contract with Tui and reserves 6 apartments for their dutch tourists(mostly families with all inclusive packages) on a constant basis.They could fully occupy the hotel with Tui clients if desired but prefer to keep a mix an international/Brazilian mix of guests with focus on kite-surfing and beach vibe.

Expansion Projects

-)5 additional apartments to be built next year ( after Carnival – 2 month time frame )

-)350 reals daily rate plus consumption will add another 40-60,000 reals per month

-)Also one additional apartment to be made from a converted garage so 24 apartments in total.

-)With only 1 additional staff member needed to add to team ( cleaner )

ALSO

-)Land available on either side of the property for future expansion.

-)1900m2 to the right, 700m2 to the left and land behind that his rented at the weekends for parking.

Sales Offer

-        R$ 4,500,000

-        Option to buy the company or property separately.

-        Down Payment of 20% on Contract

-        Balance payable within 60 days on transfer of property.

-        Contact Mike Smith for more information.

-        Mikesmithbrazil gmail.com

-        55 84 99993 8936 / whatsapp

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