Looe Key Reef Resort

[Adam T. Veitenheimer]

Investment Info:

Other commercial investment investment. Florida Keys

 Asking Price: $13,900,000

Hotel/Bar & Restaurant/Dive & Snorkel Charter

Recent Appraisal 12.8M (FFE is an additional $500k) --- Business is for sale or looking for investor to build 25 condo units on property. Leaving the dive and bar business operational.

Licensing rights are already in hand. Average condo price 1.5M each With HOA fees average 1k monthly in the area.

Diving revenues 250-850k yearly depending on weather

Bar generates 1.2M yearly operating at roughly 45%
Approval for Liquor store on property adds 350k+ yearly

Located 25 minutes from Key West FL