13A Carolina, St John, VI 00830

$650,000
Property Type: Commercial Lot Size (sq. ft.): 16,117 Status: Closed
Current Price: $650,000 List Date: 6/15/2023 Last Modified: 8/23/2024

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...

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.

More Information MLS# 23-189

Contract Information

Current Price: $650,000 Status: Closed Book Section: COMMERCIAL Realtor.com Type: Commercial List Date: 2023-06-14 Under Contract Date: 2024-04-04 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 State/Province: VI Postal Code: 00830

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
Listing Office: 340 Real Estate Company LLC.
Office Email: 340realestateco@gmail.com
13A Carolina, St John, VI 00830- MLS# 23-189
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