For Sale Las Casitas Bed and Breakfast

Las Casitas is for sale.
You are invited to visit the main website and get feeling for the features and benefits of this property by clicking here.
Marketing is in place. Besides, LasCasitasBandB.com, there is another page hosted at MexOnline.com. print exposure is considerable with Las Casitas currently featured in six Baja tourist guidebooks. Written about in the LA Times and Organic Style Magazine and more recently in Alaska Airlines Flight magazine. Signage in town is considerable and well-crafted. Additionally, we run seasonal local print advertising.
Some of the business, sale, and transaction details are as follows...

1. How is the title transferred? What am I buying? You are buying three things:
a) the corporation which holds the title (fee simple)
b) the property, buildings and improvements
c) the business - which includes goodwill

2. How secure is it? The process is similar to property in the north where titles, liens and registrations are all researched beforehand and during the purchase process. The paperwork on this property is solid. A very important feature when you make a real estate purchase in Mexico.

3. To live and work here, you will need what is called an FM3. This is accomplished when the corporation offers you employment in formal letter form, and this, with other documentation is presented to Mexican Immigration. The current owner and the owner's Mexican business associates will assist you with this part of the process.

4. Yes, you must have Mexican employees. The owner's title/job description is administrator/manager. This will be the purchaser's job. You will also paint, clean, build, promote, etc. The important thing is to NOT do things professionally or publicly.

5. Minimum wage in Mexico is roughly $50 pesos per day. Here we pay well to keep good staff happy, around $160 peso per day. Current Mexican law requires theat we pay Christmas bonus, Statutory Holidays, severance pay and health care. All of these are based on wages paid. All are reasonable.

6. Who handles the transaction? A notary licensed by the Mexican government acts as civil attorney and escrow officer.

7. How Long Does a Typical Transaction Like This Take? Once all the paperwork is completed it is sent to Mexico City and is completed in three to four months.

8. What are Mexican Taxes? Current Municipal, State and Federal taxes average $22,000 peso (~$2200 USD) per year.

9. How much are utilities? Water, electric, sewer, gas and phone average ~$300 US per month.

10. How long is the tourist season? The busiest months are December, January, February, March and April - with a 6 week lead-in either side. Last figures available for Occupancy rates during the season are 81% full.

11. The property is 890 square meters (+/-.3 acres). The are six rental units: two with full bath, two with half-bath, and two with shared bath. One of the shared bath units is well along to having its own full bath. There is space available to add on or construct more rentable space. Get creative, add you own touches and make Las Casitas yours.

12. Buyers willing to demonstrate good-faith will be given full access to a plethora of meticulously maintained financial records going back 15 years.

The asking price is $390,000.00. Let's negotiate !! Todos Santos is the next Santa Fe. Over the coming years the new owners will see a steady increase in the value of their property, have the opportunity to live in one of the most peaceful, beautiful communities on the planet and own a business with an established and impeccable reputation. The owner is selling because she wants to be full time artist again and wants to spend more time traveling and with family
You may email the owner, Wendy Faith, directly at...

wendy_faith@yahoo.ca