Restaurant and hostel for sale

Well prospering restaurant and accommodation business for sale. See-Kee-Hor Cafe and Hostel is a well know establishment located in San Juan, Siquijor by the road going to famous Paliton Beach, great and very fast developing tourist area. Restaurant serves great western food, drinks and coffee. Hostel offers dormitory accommodation and one cozy native hut good for two people. This business is open and ready to be taken over by the new owner, one of very few in the island that was able to make profit during pandemic. Place went thru major renovation in 2023. Have a look at the details below.

Land: 2000 sqm. Lease contract until 2034, 20 000PHP per month.
Clean title.
Direct road access.
Walking distance to Paliton Beach.

Restaurant:
Under roof area ~100sqm can be expanded.
All equipment is included.
Currently can accommodate 50 people.
Two toilets.
Built of concrete and native materials.

Accommodation:
10 beds dormitory.
One native hut good for 2 people.
3 shared toilets and 2 shared shower rooms.

Additionally:
2x2000 liters water tanks.
Water pump.
Fiber optic internet.
175cc Rusi Chariot
24 sqm concrete storage room which can be converted into accommodation.
Lot of free space for further development.

Tripadvisor rating: 5.0 Booking.com rating: 9.0

Selling reason: Starting another, bigger restaurant.