World Famous Caribbean Bar & Grill - 21% CAP

Caribbean Islands

World Famous Caribbean Bar & Grill - 21% CAP
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Asking Price: $1,900,000

Cash Flow: $445,000

Gross Revenue: $1,740,000

EBITDA: $405,000

FF&E: N/A

Inventory: N/A

Real Estate: $1,000,000

Established: 1997

World Famous Caribbean Bar & Grill - 21% CAP

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Business Description

This Bar & Grill has been a popular tourist destination in the Caribbean for over 25 years. Purchase price includes structure, dock, decks, all equipment and appliances, liquor license, trade permits, pier permit and licenses, tax and social security numbers, and government sales tax ID. The business also collects pier rental income from 2 water sports businesses. Bar and restaurant inventory will be negotiated at the time of sale.

2018 has been the most profitable year to date.

2018 owner cash flow = $445,226 and EBITDA = $405,226

Highlights
Pier extends over 367' over the Caribbean Sea - updated in 2016
4,182 sq ft newly constructed thatched roof structure made out of native woods and timbers - completed end of 2016
Watch Eagle Rays and Tarpons swim nightly under the lights
Bar features 5 - HD 65" televisions, new appliances and music stage with sound system
Fun swim area in the bright blue sea complete with new, large sun deck and easy entry stairs.
Relax in inner tubes, float in the tropical warm waters and have your favorite beverage served to you by zip line!

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
4,182
Employees:
15
Support & Training:
To be negotiated
Reason for Selling:
Owner health problems
Business Website:
http://buildout.com/website/448712-sale
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Contact the Seller

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April Femrite

Business Listed By:
April Femrite

Coldwell Banker Commercial Fisher Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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