62A Chocolate Hole, St John, VI 00830
$85,000
Property Type:
Commercial
Status:
Closed
Current Price:
$85,000
List Date:
6/26/2015
Last Modified:
8/23/2024
Description
MOTIVATED OWNER wants to sell this charter boat business, known as Tropic Power Boat Rentals, which includes a 2006 Glacier Bay Renegade SX catamaran with 2 Yamaha 150 hp engines, trailer and dinghy included, storm tackle, the website www.tropicpowerboatrentals.com, two moorings in Great Cruz Bay & permit to use National Park waters. Note that the business was closed for 4 1/2 months in 2014 which impacted the annual gross income.
More Information MLS# 15-251
Contract Information
Current Price: $85,000
Status: Closed
Book Section: COMMERCIAL
Realtor.com Type: Commercial
List Date: 2015-06-24
Under Contract Date: 2016-01-19
Sold Date: 2016-01-27
Sold Price: $85,000
Terms: Cash at Closing
Insurance: Yes
Intended Use: Other
Location Legal and Tax Information
Parcel Number: 62A
Estate: Chocolate Hole
Quarter: Cruz Bay
Island: St John
State/Province: VI
Postal Code: 00830
General Property Description
Business Name: Tropic Power Boats
DBA: N/A
Ownership Info
Working Owner: Bob Conn
Years Established: 8
Years Present Owner: 8
Days Open: 7 days per week
Form of Ownership: Sole Proprietor
Reason for Selling: Retiring
Financial Info
Expenses: $20,906.37
Gross Income: $54,353.57
Net Income: $33,447.20
Gross Sales
Year: 2014
Total: $54,353.57
Annual Expenses
Advertising: $2,660.00
Cost of Sales: $10,436.34
Insurance: $3,322.55
Licenses: $180.00
Repairs: $3,345.73
Taxes: $23.75
Telephone: $523.00
Other: $415.00
Price Inclusions
Equipment: Boat, trailer, etc.
Inventory: Dinghy, storm tackle
Other 1: Website, 2 moorings
Other 2: Nat'l Park Permit
Listing Office: American Paradise Real Estate, Inc.
Office Email: info@americanparadise.com
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