13A Carolina, St John, VI 00830 (MLS# 23-189)

$650,000

13A Carolina
St John, VI 00830
MLS# 23-189
Status: Closed

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Property Description
Got margaritas in paradise? We do!... SURF CLUB CANTINA is a 120 seat restaurant, bar and newly added merch/wine shop primed for a new owner turn key! Capitalize on a 20 yr lease renewal, Coral Bay waterfront views, soft sea breezes, tropical vibe, delicious + profitable menu. Community rooted, established destination for 7yrs with loyal customers served by experienced staff, new POS systems and much more. To convey is a large private island kitchen with warranted equipment, 12 foot hood system, walk-in cooler, freezers, rice cookers, line coolers, steam table, new small wares and more. A 50K generator called ''the beast'' makes certain all operations are stable, fully functioning during island power outages. With a highly profitable cantina themed menu and...

Details

Maps

Contract Information

Current Price: $650,000

Status: Closed

Book Section: COMMERCIAL

Realtor.com Type: Commercial

List Date: 2023-06-14

Sold Date: 2024-06-03

Sold Price: $650,000

Intended Use: Other

Location, Legal, and Tax Information

Parcel Number: 13A

Estate: Carolina

Quarter: Coral Bay

Island: St John

Country: US

State/Province: VI

Postal Code: 00830

Zoning: W-1WaterfrontPl

Restrictions: None

General Property Description

Business Name: SURF CLUB CANTINA

Building Size (+/-): 16000

Year Built: 2000

Lot Size In Acreage: 0.37

Lot Size In SqFt: 16117

DBA: SURF CLUB CANTINA

Hurricane Damaged Property: No

Addl Property Info

License: Barkeeper, Tavern,

Parking: ample

Utilities: all metered

Lease Information

Lease Options: yes

Lease Terms: 10/10

Ownership Info

# of Employees: 11

Years Established: 7

Financial Info

Gross Income: 1.6m + 400k

Property Features

Supplements

new branded merchandise and wine store, a new owner is set up for success. Listing price is based on success of Surf Club Cantina food/beverage gross, leaseholds, FFE, and 400K projections of new merchandise and wine shop, opening June 2023. Current operator has negotiated a super favorable 20 year lease renewal that ensure stability. Serious inquiries only; NDA required. First time owner or experienced hand, no worries, owner will include 2 weeks of hands on training and piggyback of licenses to ensure continuous operations.

Listing Office: 340 Real Estate Company LLC.

13A Carolina, St John, VI 00830 - MLS# 23-189

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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