Due to generational trends here, the “pioneers” are ageing and moving on, the younger ‘”settlers” moving in; coupled with an usually wet, slow “high” season last year there are many hospitality businesses on the market in town and in the islands. For obvious reasons, ( negative perceptions) most owners do not want to publicly list or advertise their properties for sale.
If you are in the market for the opportunity to build a business, have patience and ability, now is the time to make a move. Many owners are willing to carry some financing as they understand the internationally tight credit market as well as the lack of conventional financing in Bocas.
Don’t expect the “numbers” to always work. “Sweat equity” is at a premium here due to risk, time and effort it takes to get anything off the ground. In addition, many properties are new, have no track record, have limited or no marketing program.
With over $50 million just being committed to Bocas tourism and infrastructure projects by the new government, opportunity is knocking……tearing the door down, for those with a view to the future.
Contact our office for details.