Always dreamed of swapping your current place of work for the opportunity to run a business in the Caribbean?
One way to achieve the dream is to buy an existing business so you can dive right into the market.
Another, is to acquire a part-complete business so that the legwork has been done but you can make your mark on it prior to launching.
There are potentially lucrative business opportunities across the entire region, but one stand out sector is tourism.
For many years tourism has been the Caribbean’s ‘bread and butter’ but with airlines launching new flights, new hotels opening and established hotels revitalizing their offerings, the sector is currently flourishing.
So, if you would like a piece of the action, here are 7 of the most exciting businesses for sale in the Caribbean in the tourism sector, from hotels, guest houses and B&Bs to income-generating villa, condo and apartment complexes.
Roatan – US $1,100,000
With stunning white sand beaches and colorful coral reefs, Roatan in the Bay Islands of the western Caribbean is a popular beach and diving vacation destination. One of the most sought after beaches on the 32 square mile island is West Bay Beach, which this bed & breakfast overlooks. The small hotel is set right on the waterfront and features a large pool, pool-side bar and pier with waterfront restaurant. This is a great opportunity to acquire a ready made business in a prime spot on a popular Caribbean island.
Read more: Bed & breakfast for sale in Roatan
Belize – US $1,500,000
Last year Belize tourism had a phenomenal year. The Central American country welcomed 428,261 stay-over visitors in 2018 which represents an increase of 14.6% compared to 2017. This exceptional level of growth follows several years of rising tourism levels as the country has enhanced its profile to international visitors and airlines have made the country more accessible than ever before. Placencia on the country’s Caribbean coast is one of the most popular destinations for overseas visitors. This 21-bedroom hotel fronts directly on to the soft sands in Placencia offering investors the opportunity to purchase a well established hotel right on the beach.
Grenada – US $1,800,000
While small in size, this hotel is huge in terms of opportunity. First and foremost the hotel benefits from a superb location. It is surrounded by water on 3 sides and perched above a long white sand beach in a quiet and tranquil, yet easily accessible, part of Grenada. The hotel currently offers 10 rooms in a cluster of buildings on just over 1 acre. However, there are large parcels of land adjacent to the hotel site available for sale separately, offering huge potential for expansion. Ideal for tapping in to the huge growth in tourism to Grenada. In 2018 the so-called Spice Isle of the Caribbean registered a record half a million overseas visitors – up 12.9% on 2017.
Read more: Beachfront hotel for sale in Grenada
Anguilla – US $1,950,000
One of the most exclusive destinations in the Caribbean, Anguilla is the setting for world-class hotels and opulent luxury rental villas by the beach. As a result, the tiny island has emerged as a popular choice for visitors from Hollywood to Wall Street looking to truly unwind surrounded by luxury and away from the crowds and the cameras. This part-complete complex of 5 villas overlooking the island’s stunning Shoal Bay Beach is a unique opportunity to acquire a property with the potential to be a world class holistic wellness center and retreat. The complex comprises a main house, five separate 1 bedroom suites, a lagoon style swimming pool and tennis court set in private gardens – partially built with construction team and supplies on hand to complete.
Antigua – US $2,100,000
The island of Antigua is world-famous for its 365 beaches – one for every day of the year. So, for many tourists visiting the island, beachfront accommodation is a must. Set on almost 2 acres of grounds right on a private white sand beach in Falmouth Harbour next to well known English Harbour, this is an opportunity to own a superbly located income-generating vacation rental business. The property comprises a main house, 11 apartments with a total of 23 bedrooms, pool, bar and restaurant, volleyball area, floating docks for small boats, picnic benches and shaded cabanas – an income-generating business on the beach for a savvy investor.
St Kitts – US $5,995,000
Overlooking the beach, the Caribbean Sea and the Royal St Kitts Golf Course in South Frigate Bay on the island of St Kitts, this is a successful income-generating business with huge potential for growth via the addition of new revenue opportunities. The offering includes a main house, pool plus 5 condos which provide rental income. The business also generates income through the management of 15 additional independently owned condos on the property via a revenue share agreement. The property includes plenty of space to add a restaurant and bar as well as a spa, gym or treatment rooms which could provide new revenue streams.
Read more: Condo complex for sale in St Kitts
Jamaica – Price on Application
As one of the tourism powerhouses of the Caribbean, Jamaica is one of the region’s most popular destinations for winter sunshine vacations, honeymoons and destination weddings. In 2018, the country of One Love welcomed a record 4.3 million overseas visitors. The tourism sector therefore offers huge potential for investors, including this part-complete hotel in resort town Negril. Set on 12 acres of waterfront grounds, the hotel is set to include 26 guest rooms, a private beach, infinity sea pool, wellness spa, 3 restaurants and bar, equestrian center and wedding lawn with additional land available to purchase separately to expand the hotel to 68 acres with 100 guest rooms.
Finding Your Perfect Business in the Caribbean
So, whether you’re looking for a well established business or a part-complete investment opportunity, there are plenty of options to consider from across the Caribbean.
For details on all these Caribbean businesses for sale plus many others, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.