Turn Key Mexican Taqueria/Burrito Shop

St. Thomas, Virgin Islands

Cruise Ships from the Deck
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Asking Price: Get Financing: $523,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: N/A /SF

Established: 2016

Turn Key Mexican Taqueria/Burrito Shop

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Business Description

Have your very own Mexican Taqueria/Burrito shop in Paradise!!!

With franchise potential, we are the only Mexican Taqueria/ Burrito shop in the Virgin Islands! Being a US territory any US citizen can work and live in St. Thomas with no strings attached. This restaurant is perfectly located next to the largest cruise ship port in the Virgin Islands! This area, Havensight, which boasts countless shops, nightlife, bars, and restaurants is the most desirable and up and coming areas of the island! It is also one-mile down the road from the Marriott hotel, the largest hotel in St. Thomas. After receiving a complete makeover, this destination will increase an already busy customer flow and add to an even busier season! The only bowling alley and night club just opened a few doors down in the same complex. Aside from a great location this restaurant has a tremendous local following which provides a constant stream of customers coming through the door. It also has a long term catering job that is built in as a steady stream of income. Don't miss this once in a lifetime opportunity!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
523
Lease Expiration:
3/1/2023
Employees:
4
Facilities:
Not too big and not too small. Just the right size to keep labor costs down, profitability high and customers happy. All equipment bought 2016 or newer. New renovations of the facilities are happening daily thanks to the new motivated owners. There is a large parking lot around the back of the building for ample parking. Property management takes care of bathroom maintenance, trash services, security, parking lot/common area maintenance, onsite generator is being built so you'll never lose power.Rent includes a fixed electric bill (unheard of in the VI)!
Competition:
Restaurant is the only Mexican Taqueria-style in the Virgin Islands. Who doesn't love a good taco or burrito! With this prime location across from the largest cruise ship terminal whats not to love. Its great food without the wait which is unheard of here. Arguably the fastest meal on island.
Growth & Expansion:
Seller will include future buildout plans for a larger bar, more kitchen space and position for an indoor/outdoor window connecting the outside common area and allow for even more bar seating. Outside patio area can be transitioned into a sports area hangout for those big games or even an area for large groups.
Support & Training:
Seller will provide one month of hands-on training to buyer on site. Buyer will also be supplied with BOH and FOH manuals, step-by-step recipe manuals, new employee packets, step-by-step license renewal instructions, list of licensing renewal dates and vendors list with contacts.
Reason for Selling:
We are pursuing the next chapter in our lives unavailable to us here.
Business Website:
http://www.benitosburritos.com
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Business Listed By:
Heather Erion

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