Caribbean Business For Sale - Live Your Dream

Water Island, St. Thomas, Usvi, Virgin Islands

Seller Financing Available
Honeymoon Beach
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Asking Price: $1,200,000

Cash Flow: $150,000

Gross Revenue: $247,000

EBITDA: $200,000

FF&E: $448,000

Inventory: N/A

Real Estate: $600,000

Established: 2006

Caribbean Business For Sale - Live Your Dream

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Business Description

Own a slice of paradise in the US Virgin Islands

What an amazing opportunity this business venture offers! Situated on St. Thomas, U.S. Virgin Islands, this campground contains 8 well-appointed Eco cabins and 1 suite/apartment from which guests can take in the spectacular view of the Caribbean waters. Also included is a bathhouse for the cottages, a laundry/storage area, outdoor dining pavilion. The replacement value of these items estimated at $500,000.

The campground also includes a 2 bedroom furnished cedar shingle house appraised in 2015 for $600,000. Th house includes the downstairs apartment (the 'suite"), splash pool and outdoor decks.

In addition, for the asking price of $1,200,000, a prospective buyer would get not only a very profitable business with a gross revenue of $247,000 and EBITDA of $200,000, but the opportunity to live in this beautiful tropical paradise nestled on a hillside overlooking the pristine sea below! As part of the sale, the owners (who are preparing for retirement ) are offering a dock, a 2013 Toyota Tundra 4x4 truck, and 2 Ford Ranger trucks---- one a 4x4 2008 and the other a 2 wheel drive2003. FF&E is valued at $500,000 while the furnished home which is included in the sale is appraised at $600,000. With .83 acres, a permit has been previously secured for 3 additional cottages and bathhouse. Trip Adviser indicates that 93% of the guests who have written reviews have rated this camping experience as " Excellent". As an important feature, United States citizens DO NOT need a passport for travel to the Virgin Islands. Another positive aspect illustrated in the glowing reviews written about the campground is the amount of pride and care the owners and managers have devoted to the business. One guest wrote that it was worth the trip just to meet the on-site managers who do everything to ensure that the vacation is the ultimate experience for them. Total square footage is 4,673, and this is definitely a turn-key situation. According to the caring owners, the campground is in tremendous shape with a plethora of things done to update and make it " Move in ready"! Outstanding news for a potential buyer(in addition to all of the positive aspects of this property and business)is that there is NO competition presently; a neighboring campground recently closed 160 cottages with another close-by campground closing with 250 cottages, as well. Another campground may be opening: however, this has not occurred, as yet. As stated, the gross revenue figure of $247,000 was based on 2017 occupancy of 38%. Many guests return again...and again...and again! Is there any better advertisement for a well-run business with great people to accommodate your every need??Although retirement is on the horizon for the present owners, they are willing to stay on after the sale to train new owners and staff. Having operated since 2006, they would like to ensure that a smooth transition of ownership takes place and assist in making it a success for the new owners. As for financials, $600,000 down is required with a 5% interest on balance with a 5 year balloon payment. Don't miss the outstanding opportunity to own this unique campground and all its amenities with breathtaking views amid a tranquil setting---- a tropical paradise offering a profitable business that is in "tip-top" condition, making it more than ready for a new owner!

Two web sites: www.virginislandscampground.com and www.waterislandcampground.com
Sincerly,

Deborah Quade

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,673
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8 Eco cabins, bathhouse, laundry/storage area, outdoor dining pavilion, 2 bedroom furnished cedar shingle house, apartment and suite (Home Based)
Competition:
Presently, there is no competition. Two campgrounds are closed and will not re-open ; there is a possibility of another campground opening; however, this has not yet occurred.
Growth & Expansion:
A permit has already been secured for the addition of three additional cottages and a bathhouse.
Financing:
$600,000 down. 5% interest on balance with 5 year balloon payment
Support & Training:
Owners are willing to stay on after the sale of the property to train new owners and their staff
Reason for Selling:
We are ready for retirement
Home-Based:
This business is Home-Based
Business Website:
http://www.virginislandscampground.com
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Business Listed By:
Deborah Quade

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