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Looking to Buy Small Bar, Restaurant, Accommodations;LOT

Posted By: alagraha50

Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/11/06 06:47 PM

Hi,

My partner, Heather and I, are looking to purchase a SMALL bar/restaurant/accommodations business or combo or even a lot perhaps to build same either in Ambergris Caye or on the Costa Maya.

We currently live in Yucatan and know Costa Maya very well and have been to Ambergris Caye but not in awhile (we know it has changed a lot!)
We also owned and lived in our own small hotel
in New Orleans for many years so know the business.

We take a boat from Xcalak to Ambergris on Dec 1 for several days there and then return to Ambergris again for a followup just before Christmas so this is a serious search.

No BIG BOY GRANDIOSE replies please, ours is a small, modest endeavor but will be a cash transaction anywhere between 100,000 and 600,000 depending on whether it is a commercial/residential zoned lot OR an existing turnkey business OR some kind of renovation; depends on location and condition of property as well as other factors.

So we look forward to any and all responses EXCEPT FROM REALTORS, SORRY - WE WILL ONLY DEAL DIRECTLY WITH OWNERS.

Reach us at [email protected]

Thanks a lot,
Alan and Heather
Posted By: streetchie

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/11/06 10:11 PM

You shouldn't have a problem at all with that kind of cash on hand. In fact most places on this island are for sale for the right price.....just don't plan on making much money. I believe that the Palapa Bar is still for sale, start there.
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/12/06 01:30 PM

Perfect I am looking to sell my ownership in a local resort. The resort has just changed hands and is being reopened in December.
www.playablancabelize.com

Perfect starter kit for ya. PM and I will send details.
Posted By: Pedro1

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/12/06 09:20 PM

Scuba John -perhaps you can explain how your % works-how everyone is protected -in other words if someone owns 51% they cannot ride roughshod over the remaining % holders
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/13/06 04:25 PM

Pedro1, You bring up a very good point.
While the Companies Act 250 can provide protection against a Majority shareholder riding "roughshod" over the other shareholders this is not always the case.
If a Majority owner sees fit to abuse the trust placed in them by an investor who places their hard earned funds with them, the only real recourse is to hire legal resources. This can be a crapshoot and in then end you can come up with nothing years latter. This is one tactic used to avoid the rights of other minority shareholder.

So to answer the question somewhat, “ explain how your % works-how everyone is protected.”
In Belize unless you own the whole kit and caboodle, you stand to loose your investment, if your investment is with someone who can put on a great show, play to your “LIVE THE DREAM” dream, and elude to the idea that the reason everyone in town is bad talking is due to jealousy of their success. In the words of an honest person “Unless you see me doing it, I would not believe what you hear. They are just jealous.” Don’t be fooled by the research with the registry, some companies fail to file for years. This failure can leave unaccounted for shareholders in the lurch, allow for the false presentation of the worth of a company, and hide the true nature of the quest for investors. One final clue and hint are this. If can not see or have a part in the accounts of the company be it held in Belize or the USA or both turn and run as fast as you can. If the accounts are commingled with personal accounts because there have been no other owners or shareholders or no need to define business and personal matters, RUN EVEN FASTER. Nothing is transparent when it comes to accounting. It all must be seen and checked. Do not take the word of a “no bull**** guy/girl” it is most likely not true. But be careful the best of the best confidence men mix truth and lies so well that it appears to the educated it has the ring of truth and if your looking to live the dream well…….

In that response, don’t read that there are no trustworthy and honest business owners or shareholders; it is a word of advice.

If you are buying "part" of a business do not let the seller/owner feed you a line of crap. Because you own does not mean you get a work permit. As an owner you cannot assume you will even get a work permit. YOU CAN live in your own house, home, or resort with out anything but a visa. YOU CANNOT WORK until you get said permits or became a resident. Those requirements can be found elsewhere.
Posted By: captjeff

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/13/06 06:19 PM

Scuba john "" Have no freakin idea what you said above or what your where trying to say.But I think living the dream is a feeling of happiness and contenment!!! And that feeling should never be used with stupid or poor business decisions it gets in your way..!!!!In other words if you invest$$$ any money to live the dream and want look for the pie in the sky.Check it out first !!!! Or you will Wake up and find out your dream is a nightmare !!!!!
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/14/06 01:18 PM

Cjeff,
You are changing the topic? The question or request was about property for sale by OWNERS. I own part of this newly renamed resort and I am wishing to sell my shares. Pedro asked a good question about shareholders and the percentage that they own, how they are protected. It does not take "stupid or poor" decisions to be taken in by a confidence man/woman. You should be able to ascertain that even with good research the failures of the Belize system of "share sales", "fractional ownership" or "timeshares" fails to provide any protection from a well oil story, and the mixture of truth and lies used to attract investors. In fact it can be used as an advantage.

But to the point, since the new owners are good friends of yours why dont you put your money where your mouth is and buy the shares. If not offer something other than your feelings or thoughts about this or that and on topic.
Posted By: captjeff

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 05:00 PM

Since your still babbling ,Here is the deal,the people who bought the place who are my friends have nothing to do with your point above .You made a deal that you said you got screwed from the old owners not them .Stupid is, as stupid does ..Me buying your shares has nothing to do with the bad investment you made.And yes I made good investments and a few bad ones, but I made more good deals than bad deals .But not once did I cry over the bad ones I made ,I got over it..And if I wanted to be in the hotel business I would buy a hotel or two myself not with partners or with shares ,I could not control.Now please grow up and stop complaining and whinning..
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 06:43 PM

Your not looking to buy these shares then relate your own personal deals with a share purchase or business in Belize. But since you bring it up if it is a bad investment then I guess you are saying that the new owners fail to see the shares as valid and are working to move the company property to another name. Or is what your saying is that since I purchased the shares from the old Owner(only one) and he sold the company the shares are no good because the name changed.

Again a pitfall of the Belize law is outlined. Change your name and invalidate the shares you have already sold. Sell your company and the shares go away.

I will not sit back and let my money be taken with out benefit. If your friends do not wish to honor the contract that was in place and buy back the shares then they should provide the proper company accounts and at least make the effort to contact the shareholders with out having to take it to court. A perfect example of if someone owns 51% riding roughshod over the remaining % holders

Short of that I will sell my shares but I will not hide the truth of how they came about or what the new owners are doing about it now.

You know I should have listen to the voice of reason from yesterday. your not worth the effort.
Posted By: captjeff

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 06:57 PM

Posted By: Sir Isaac Newton

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 08:06 PM

CJ, forget this clown. Karma is the spice of life.
Posted By: captjeff

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 08:09 PM

I have deletd my post chris .And he or someone else deleted his ,and that was smart.!!!!!!!!!!!!
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 08:34 PM

There are pit falls to purchasing, such as listed above. If you wish to pass on your own and not just try to belittle someone else please do so. You have no personal knowledge as to what has transpired. I tried to keep as generic as possible but let people know that there are pitfalls and that the shares were for sale.

Karma IS the spice of life and you should tell that to your own government unless you are saying that the people of Belize deserve to have the contry run under by people trying to line their own pockets. I would also suggest you learn the true meaning of karma before throwing it out there.
Posted By: captjeff

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 10:24 PM

YOUR on chris ,YOUR ON YOUR OWN I am done ,with this Crazyness....but trust me I can say to all Chris knows what good karma is .
Posted By: SimonB

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/15/06 10:30 PM

I've sat back and watched this play out with one thing bothering me:

"Perfect I am looking to sell my ownership in a local resort. The resort has just changed hands and is being reopened in December.
www.playablancabelize.com

Perfect starter kit for ya. PM and I will send details."

Now I have no way of confirming/denying all the other stuff you posted but nowhere did you mention to alagraha50 that your ownership was in dispute until Peter called it. To me that's just not cool, sounds like you were trying to pawn off your problems on someone else and THAT is not good for one’s karma.
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 02:10 PM

Please Simon,
You really think anyone wants to buy part of this resort. I have been more than open about the problems with the shareholder communication or lack of it, And would not wish a "nightmare" as this on anyone. Ownership is not a question, I own the shares.
Communication is a problem just as my tag line states on my profile.
But In an effort to coverup the problems as the board does so well, I asked for a PM on details, where you would have been told the issues at hand and communication is a problem.
Posted By: Scuba-John

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 02:53 PM

Well you know what you all right! I should just tuck my tail an go. So ill delete the whole response section and let the next sucker come on in and take part. The few people on this board that can be honest and up front about the Island life, ownership and the truth of it all can be counted on two hands.

Somehave taken heed to the idea that not all it perfect but maybe I can make a difference and if i do the next person will too and so on.

We have all been taken but at what point do you say enough is enough. Change is started with one, not everyone likes change.

With that said The shares are owned by me and in keeping with the history will still without benefit. In the US this called enron, worldcom, metsouth ect......

And a final word on Karma, Karma is not about retribution, vengeance, punishment or reward. Karma simply deals with what is. The effects of all deeds actively create past, present and future experiences, thus making one responsible for one's own life, and the pain and joy it brings to others.

Pick up your stones and start throwing.
Posted By: seashell

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 07:49 PM

I thought Karma was Kzk's dog?
Posted By: San Pedro Daily

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 07:57 PM

"...wow, if 10 people would make a request that would be Karmin's dog food for 3 months!"
Posted By: seashell

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 08:03 PM

Jesse . . .you really need to find that sense of humor we've all been talking about the past few days.
Posted By: San Pedro Daily

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 08:06 PM

Oh, you are hilarious!!!!
Posted By: seashell

Re: Looking to Buy Small Bar, Restaurant, Accommodations;LOT - 11/16/06 08:13 PM

I know but it's a sophisticated humor and not everyone gets me.
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