Established Beachfront Caribbean Restaurant For Sale

Virgin Islands

Established Beachfront Caribbean Restaurant For Sale
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Asking Price: $550,000

Cash Flow: $150,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: $175,000

Inventory: $20,000

Rent: $2 /Month

Established: 2016

Established Beachfront Caribbean Restaurant For Sale

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Business Description

Enjoy your buiness as you watch the boats sail Into the harbor

This is an ideal opportunity for a chef, experienced restaurant operator or just an entrepreneur searching for the tropical life style. . Turn key operation on a highly popular establishment boasting 5 star reviews on all social media. Take advantage of the timing as we are entering what is promising to be a highly successful season.

Inventory, operational manuals, recipes are all included as well as owner training as needed. Make use of the enormous tax advantages by operating within a US territory.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,300
Lease Expiration:
7/1/2037
Employees:
-10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This establishment boasts the Largest square foot kitchen on island including a fully inspected ansul hood system, new fryers, stoves, side by side ovens, six burner stove, salamander, large griddle. Separate freezer, dish machine, reach-in coolers, full size walk-in cooler and ample storage. Small wares such as pots, storage containers, designer plate-ware, flat-ware and inventory are included. Spacious large off street parking lot (Home Based)
Competition:
The establishment is the only of its genre on the island.
Growth & Expansion:
Currently not benefiting from Sunday evening and/or daily breakfast revenue. By taking advantage of these opportunities an additional $325,000 in sales would be estimated.
Support & Training:
Current owner has 23 years experience operating successful restaurants in the Virgin Islands. He will provide training and support as well as operational manuals.
Reason for Selling:
Personal health concerns reluctantly forces sale
Home-Based:
This business is Home-Based
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Business Listed By:
bruce mcginty

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