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Tuesday, January 31, 2023

Business for sale: Local 59

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Local 59, which quickly made a name for itself for its hospitality and fantastic food, is for sale.

Almost as soon as it opened, Local 59 became part of the community, appreciated for its all-day breakfast and lovely pastries in a hip, beautifully designed café on the Santiago neighborhood’s main thoroughfare.

The popular restaurant has been featured in Yucatán Today magazine and monthly sales are fantastic. Now offered for sale, the ROI — Return on Investment —  on this thriving business would be quick.

The quality and flavor of their products are consistently outstanding, earning them numerous five-star reviews on TripAdvisor and Facebook.

Plenty of walls for art at Local 59 in Mérida.

This is a great opportunity to live and work in Mérida.

This business is fully operational with trained staff willing to stay on. All recipes are included. That makes this a total turn-key operation.

The Local 59 kitchen spills out into an open courtyard.

The property is not part of the offer, but the new owner will assume what’s left of a three-year lease with an option to renew and a first option to buy the property. Inclusions are available upon request.

The safest city in Latin America, Mérida is rated one of the very best cities to retire in Mexico.

The Local 59 brand has proven successful within the local community.

Merida offers colonial charm, excellent health care services, Gulf Coast beaches only 40 minutes from Centro and the cost of living is extremely attractive.

While Yucatán real estate is still affordable, the prices continue to go up. This is definitely the time to consider a real estate purchase in the Yucatán.

Recipes are included, and a fully trained staff is ready at Local 59.

More photos are here.

Here is Local 59 by the numbers:

  • Bedrooms: 3
  • Bathrooms: 2
  • Business (not the property itself) offered at: US$100,000

Contact Carlos Betancourt, 999-200-5794 or meridaliving@hotmail.com.

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