Hospitality Business for Sale in Main Road, Torio, Llano de Catival, Mariato, Veraguas, Panama
599,000 USD
(Negotiable)

Hospitality Business for Sale in Main Road, Torio, Llano de Catival, Mariato, Veraguas, Panama

Fully Licensed/Operational Hospitality Business and 2 Houses

Asking Price: 599,000 USD
(Negotiable)
Did you ever dream of owning and operating an inn by the beach and jungle? This turnkey property takes all the legwork out of that dream, with a fully renovated, furnished and licensed business (currently operating with an existing client base) and two main homes, ready to move in, with a business that includes 3 different and complementary income streams and everything you could possibly need to start your new business and life. All this, in an up and coming beach town in Panama, with a growing local and expat community, and low competition.

The aging owner is very motivated to sell, due to increasing health concerns, and looking for a motivated buyer to truly bring this business to its full potential.

THE OPPORTUNITY

8 cabins with ensuite bathroom, 40 seat restaurant/bar as well as two houses (main house and casita, both have two 2-bedrooms and two bathrooms) house for sale in Torio, Veraguas, Panama, all located on 3,000 square meters of titled property, right on the main road, at the entrance of Torio, an up and coming beach community by the jungle.

All the permits and assets are listed on a corporation, meaning that a simple change of board of directors will transfer all business licenses, and even the liquor license and operational permits to you, the new owner. This is a huge advantage, avoiding all the hassle and bureaucratic headaches of trying to get certified on your own.

Furthermore, with two housing options (2 houses, each with 2 bedroom, 2 bathroom house located on the property), means you can move right in and start to work as soon as you want.

All 3 income streams are up, running and have an existing customer base:

* 8 Cabañas, priced around $50-80 per night with a minimum of 40% occupancy. Very few properties in this area feature as manh cabins and even less in that price range, attracting
* A 40-50 seat restaurant and bar, one of only 2 restaurants open daily in Torio. (There is a total of 6 restaurants in Torio, currently underserving the community and growing tourism market)
* New pool table, rented by the hour, located on the 2nd floor of the restaurant. This is the only pool table in Torio, with the next pool table over 30 kms away.

All this, in an unbeatable location, right on the main road and entrance of Torio, with a very visible street sign, only a 10 minute walk to the beach and river (or 2 minute drive).

MAIN HIGHLIGHTS & FEATURES:

* 8 cabañas with different bed configurations (see CABAÑAS section below)
* Restaurant & bar with 2 floors. The main floor has a 40-50 person capacity, a full kitchen and bar. The second floor features a new pool table that can be rented by the hour. This space can also be converted to an event space.
* 2 bedroom, 2 bathroom main house for owner, manager or caretaker to live in
* Laundry room and guest common kitchen
* Waterhouse & deposito, with a private 300-feet well
* Small Reception area or office
* Laundry room and common kitchen
* Bohio (can be converted to a 2 bedroom apartment)
* Two water tanks for water storage, totalling 1,500 gallons of water reserve
* Basketball half-court
* 3,000 square meters of land, located right on the main road as you drive in to Torio.
* Currently, all the construction is located on 1,000 square meters, leaving another 2,000 square meters that could be further developed, for example with another 5-6 cabins should you want to.
* Security cameras, lights throughout, fully fenced, with a gate and cement wall in the front

CABINS / HOTEL BUSINESS

All cabins have been recently renovated and furnished within the last year. All linen, towels, mattresses, beds, curtains and AC units are new, with less than 1 year use.

Currently, the cabins have the following bed layout:

8 cabins:

2 with queens beds
2 with double beds
2 with two single beds
1 with a bunk bed and a single bed
1 with two bunk beds

Rental from $50 to 80 per night
Occupancy rate: 40-50%

The cabins feature common area picnic tables, a bohio, firepit, half-court basketball area and a common kitchen for use by guests. All rooms include a minibar, AC units and private ensuite bathroom with hit water.

RESTAURANT

The restaurant, one of only 7 restaurants in Torio, and one of 2 open daily, serves a wide variety of locals, as well as tourists passing through.
10 tables, 40-50 person capacity
Inside kitchen area
Bar area
Upper level of restaurant has a brand new pool table that can be rented per the hour
Income potential: daily between $150 - $800 depending on number of shifts open (breakfast, lunch, dinner).
The front area of the restaurant has a traditional palm roof, giving a tropical ambiance. The inner kitchen and bar area is a cement construction, with a second story above it, that houses the pool table.

UTILITIES

Wi-Fi is Starlink and is very High-Speed.
Electricity bill is around $200-250 per month
No water bill, because the property has its own well
Municipio is $55 per month, with garbage removal included for both the restaurant and cabin
Two credit card POS terminals included with two different business bank accounts.
All maintenance and gardening tools included in the sales

CLIENTS

Currently listed on Airbnb, and has its own webpage. The website is included in the sale.
Currently 50% of the clients come from word-of-mouth, main road signage (great location at the entrance of Torio).
The cabins are between 50-80 per night. They are the most affordable option in the area and attract travelers who are adventure minded or local weekend traffic. Walk-in reservations are very common

LOCATION

Located on the main road with a lighted sign
2 minute drive from the beach or 10 minute walk
2 minute drive from the river or 10 minute walk
On-site restaurant or within walking distance of all other restaurants in the area
5 minute drive from the new gas station, which operates 12h per day and will soon be operating 24/7.
New road has increased tourism substantially
1h15 from Santiago, 15 kms from Playa Reina and Playa Morrillo, two famous surfing waves

NOTES

All AC units are being or have been replaced for brand new split air conditioning units (12,000 BTU)
All beds, sheets, towels are new, less than 1 year use
This property was completely renovated in the last two years. All cabins were renovated with new tiles, windows, doors, beds, mattresses, etc.
The property has video cameras and lights throughout the property, with sensor lights and ambient string lights
The property also has picnic tables for use by the guests, as well as an outdoor kitchen.

ABOUT TORIO

One of the last beach towns to be developed in Panama, Torio is a hot commodity. With a brand-new road and a growing international community, this small mountain and beach town is growing and growing fast. Within the last 5 years, the area has attracted many young families, both from Panama and internationally, as well as the attention of tourists, attracted to the simple life, focus on sustainability and wellness, ecoadventures, surf, fishing and paragliding present in the area.

This business is right in the middle of the action, as one the few hospitality businesses with as many cabins, and is often booked out and selectef for all events, TV crews, groups and more. The restaurant serves its own cabin customers, the local community (both Panamanian and foreigners), as well as tourists.
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