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Bar for Sale in Caicos Islands, Turks and Caicos Islands

Caribbean cuisine restaurant / bar and caterer in a high end tourist destination.
This transaction has concluded.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 700 thousand
Run Rate Sales USD 696 thousand
EBITDA Margin 15 %
Industries Restaurants + 1 more
Locations  Caicos Islands
Local Time 5:51 AM America / Grand Turk
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 250 thousand (Native Currency: USD 250,000)
Reason: The owners want time to focus on their family and other business investments.
Includes physical assets worth USD 127 thousand
Documents
Business Overview
We are a profitable restaurant / bar in a popular high end tourism destination, the Turks and Caicos. We serve Caribbean and American cuisine at dinner time and brunch. The restaurant has been in operation for over 5 years and has garnered top ratings on TripAdvisor- a 4.5 star rating from over 1,000 reviews. The restaurant has received a certificate of excellence from TripAdvisor for two years in a row. It is highly regarded by locals and tourist alike. The restaurant has loyal staff members and many repeat patrons. In 2017, Hurricane Irma destroyed the restaurants original location and the business was forced to move, reopening in its current location in 2018. Within in a year the restaurant bounced back and profits doubled in the new location. The business runs like a well oiled engine, however, the owners are taxed with managing it along with their other business entities. They are looking for a buyer who will take over the reigns and continue to produce great results.
Products & Services Overview
Restaurant serving Caribbean cuisine, bar, catering services and event location.
Facilities Overview
Leased ground floor unit with extended outdoor space.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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