The Resorts accommodations are one bedroom condominiums each with a private bedroom with queen size bed, bathroom, living room with queen sleeper sofa, full kitchen and a balcony or patio facing the Caribbean Sea or pool and beach. Guests at the Resort also enjoy the swimming pool, the 200 feet pier or the private observation sun deck for a breath taking view or just relaxing. The resort has been affiliated since 1999 with the worlds first and largest Timeshare Exchange Company, Resort Condominiums International (RCI).  
 
 
Description of Assets Upon acquisition of all stocks/shares in the International Business Company (IBC), the Buyer will gain full ownership to all assets and investments in the Resort held by the IBC including the following: 1. LLC # 1 - 100% of the Shares of LLC # 1 Limited including the real estate and 3 completed condominiums. 2. LLC # 2 - Eighty percent (80%) of the shares of LLC # 2 which gives Buyer direct 100% ownership of 8 of the 12 condominiums and 80% ownership of all other assets of LLC # 2. (The Buyer will assume total control of the company as there are no minority shareholder rights in Belize.) 3. 200 foot Pier with attached Dive Shop - Majority ownership and full control and use of the 200' pier and dive shop located directly in front of the Resort. 4. Two Domains: - One Website: 5. Miscellaneous Hotel And Other Equipment 6. Management of entire project - The Buyer/Investor as the majority and controlling equity interest holder will manage/oversee the day to day operations of the Resort, comprising of twenty-one (21) condominiums. For those Investors who wish to remain strictly passive, arrangements will be made for management, which requires no input from the Investor. Fifteen condominiums are fully completed. The infrastructure for the remaining 13 condominiums is complete including stairwells, walkways, privacy fences, a swimming pool and tropical garden with exotic Belizean hardwood walkways and decks. Completion of the remaining six units out of the proceeds of the timeshare sales so no additional investment is necessary beyond the initial purchase price. The cash flows and revenues derived from the Management will be greatly increased when the Timeshare sales are completed and should net no less than $300,000.00 annually. 7. Timeshare Sales & Operating Income - Rights to the proceeds including principal and interest payments from the sale of 1,377 timeshare weeks. The Projected gross cash flow is US $ 17,625,600.00. (See: Timesharing Prospectus) 8. Contract for Deed (Mortgages) - Rights to the proceeds including Principal & Interest payments of 2 condominiums sold under Contract for Deed 9. Registered Trade Name of the Resort - Ownership of the Registered Trade name of Seven Seas Resort. All assets will be delivered free and clear of any mortgages or indebtedness and are in a state of good repair due to regular replacement and maintenance Closing Costs - Government Taxes - Attorneys Fees Because this is the purchase of the Shares of an International Business Company, there are no government transfer fees or taxes when you purchase now or in the event of a resale in the future. |