Business Summary

For Sale: Popular Restaurant and Club on the most famous Sufers’ Beach in Ecuador

Business Summary
Montanita, Ecuador is a “party town” and one of the best surfing areas on the West Coast of Ecuador. It attracts both young and old from all over Ecuador and avid surfers from all over the world. It is a small communities with a rapidly growing real estate market.
The business called Hola Ola (Hello Wave) was established 11 years ago and is one of the most continuously successful businesses in the community. It has been owned and operated by the same person for the last 11 years, and has a stable well-trained staff of 25 employees. Open 16 hours a day , 7 days a week, the restaurant / club is centrally located in the town, with access from 3 streets, and is very close to all modes of transportation and of course, the beach. It is a 2 ½ hour drive from Guayaquil (the largest city in Ecuador), and one hour from Salinas.

Property and Financial Details

Real Property Details: The restaurant / club is 450 sq m (4,844 sq ft). The sale would include all kitchen, bar and restaurant equipment and food and beverage inventory. Also included is a powerful sound/light system and wifi throughout. Within the club is a 260 sq ft. swimming pool, a stage and a central bar. Also, there are 2 large storage areas, an office and a 70 kw electric generator.
There is a possibility to build 5 stories above the restaurant for a hotel or suite rentals.

Financial Details
Average income per month is approximately $70,000. Average costs are $45,000 per month. Even though the business is year-round, there are seasonal ups and downs. The high in the past few years has been approximately $135,000per month and the low was about $40,000. Value of the property has risen dramatically in the last 5 years and is now approximately $550,000 (land only). The business including “goodwill” is also valued at approximately $550,000.


FaceBook page: Hola Ola - 23,000 fans .
Price: The restaurant / club is priced at $550,000. The property can also be purchased for an additional $550,000 or leased monthly (leasing fees negotiable).
Reason for selling: health reasons.
Optional: partnership or investment in developing.

Property Details

Other Business Details

Business Operation Details

Miscellaneous Details