3AA-B Cruz Bay Town, St John, VI 00830

$182,000
Property Type: Commercial Square Footage: 700 Lot Size (sq. ft.): 87,120 Status: Closed
Current Price: $182,000 List Date: 6/07/2013 Last Modified: 8/23/2024

Description

GALLOWS POINT GIFT & GOURMET. St. John is the PLACE to be! Resort based gift, coffee, breakfast and activity booking business FOR SALE. Buyer is assuming remainder of 5 year lease (as of 1/13/2012) with 5 year option. Resort traffic is built in - this is one of the most exclusive, award-winning resorts on St. John. Electricity is included in the rent!! This is an excellent opportunity to relocate to the Caribbean and live the St. John dream with immediate income. This is a turn-key ''life'' move. Impressive income & expenses statements provided to qualified buyers with a signed Confidentiality Agreement. See DOCUMENTS icon for the SPECIAL FEATURES.

Supplements: Gallows Point Gift & Gourmet – SUPPLEMENT LIST PRICE: $209,000 St. John is the Place to be! FOR SALE: Resort-based gift, coffee, breakfast and concierge/activity-booking business. Buyer is assuming remainder of 5 year lease (as of 1/13/2012) with a 5-year option. Resort traffic is built in – this is one of the most exclusive, award winning resorts on St. John. Monthly rent $1800, electricity and water included!! Only utilities are phone & Internet. This is an excellent opportunity to relocate to the Caribbean and live the dream with immediate income. This is a turn-key “life” move. List price includes: Inventory, trade name, goodwill, lease value, marketing materials, vendors lists, and domain name (www.stjohnadventures.com) - 16+ years in existence with very high ranking, recipes, equipment, appliances, and 2-3 weeks of on-site owner training. Gallows Point Gift & Gourmet carries a wide selection of exclusive gift items, including island inspired jewelry & artwork, beach bags, t-shirts, hats, books, cards, sundries, and locally made products. The mini grocery store offers fine wines, beverages, gourmet snack food, cheeses, salami, tapenade, ice cream, and a nice selection of freshly made sandwich’s from Sam & Jack’s Deli. The breakfast bar offers coffee, espresso, cappuccino, latte, homemade muffins, croissants, sweet breads and breakfast burritos for easy pick & go meals. The shop also serves as the Concierge Service for Gallows Point Resort and neighboring resorts, condos and villas. They offer activity booking services for planned excursions, boat charters, fishing trips, kayak adventures, snorkel rental, movie rentals, car rentals, provisioning services & gift baskets. Impressive income & expenses statements provided to qualified buyers with a signed Confidentiality Agreement (see attached documents). * Sale subject to approval of the Gallows Point Board of Directors. Owner has family health issues – priced to SELL quickly!

More Information MLS# 13-244

Contract Information

Current Price: $182,000 Status: Closed Book Section: COMMERCIAL Realtor.com Type: Commercial List Date: 2013-06-07 Under Contract Date: 2013-07-13 Sold Date: 2013-08-30 Sold Price: $182,000 Terms: CASH Financing: Conventional Insurance: Liability

Location Legal and Tax Information

Parcel Number: 3AA-B Estate: Cruz Bay Town Quarter: Cruz Bay Island: St John State/Province: VI Postal Code: 00830 Subdivision: None

General Property Description

Business Name: Gallows Pt. Gourmet Total SqFt. (+/-): 700 Building Size (+/-): 700 Year Built: 1989 Lot Size In Acreage: 2 Lot Size In SqFt: 87120 DBA: Gallows Pt. Gourmet

Addl Property Info

Parking: Gallows Point Storage: 100 sq. ft. Attic Utilities: Electric & Water Inc

Lease Information

Lease Options: 5-year Option Lease Terms: Assuming 5 yr. lease Monthly Rent: $1,800

Ownership Info

# of Employees: 2 Hours: 8 a.m. - 8 p.m. Working Owner: Yes, 2 Years Established: 16 years Years Present Owner: 2 years Days Open: 7 days / 365 year Form of Ownership: LLC Reason for Selling: Health Issues

Financial Info

Expenses: Provided with NDA Gross Income: Provided with NDA Net Income: Provided with NDA

Gross Sales

Total: Provided with NDA

Annual Expenses

Insurance: Liabilty Rent: $1800 Utilities: Electric inc. Rent Total: Provided with NDA

Price Inclusions

Equipment: Appliances, A/C Other 1: Website, Marketing Other 2: Vender Lists, etc. Total: Provided with NDA

Other Inclusions

Equipment Includes: Equipment/appliances Inventory Includes: Turn-Key Business
Listing Office: Cruz Bay Realty
Office Email: info@cruzbayrealty.com
3AA-B Cruz Bay Town, St John, VI 00830- MLS# 13-244
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