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Bar Seeking Loan in Rodney Bay, Saint Lucia

Mojito-concept bar at a prime location offering live entertainment and serving 30-100 patrons daily.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 99 thousand
EBITDA Margin 9 %
Industries Bars
Locations  Rodney Bay
Local Time 4:43 PM America / St Lucia
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 74 thousand for 8.0% annual interest, 5 years (Native Currency: XCD 200,000)
Reason: To expand the business and increase revenue. To purchase better equipment to host bigger and better ... View More
Collateral Available: USD 1.85 thousand
Includes physical assets worth USD 14.8 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview
- We sell a variety of flavored Cuban mojitos starting from the original to 8 flavors. Our mojitos come in a variety of sizes/quantity/rum.
- The bar is situated in the core of a highly-dense tourist night-life area.
- Our concept is based around live entertainment and providing a Latin/Spanish atmosphere to our patrons. We also want to create a platform for the youth to express their talents through the various events hosted at the bar.
- The seating area can accommodate up to 30 people including the bar area. On event nights, it can be extended up to 70 people.
- We also serve food like burritos, tacos, nachos, quesadilla, and ceviche.
- Users have the option to dine in or take away.
- We host numerous events like Latin nights, reggae nights, open mic nights and more on a weekly basis. We host at least 5 events in a week.
- Spending per head varies from XCD 20-150.
- We serve 30 people on average days and up to 100 people on event nights.
- The establishment is run by the promoter and the promoter's spouse. On event nights, we hire a bartender to assist us.
- We use social media marketing as a means to promote business by circulating flyers and banners. Normal bar advertising tactics like drink specials, promotions and giveaways are also used. Popular local artists and bands usually perform at the bar to funnel/attract crowds.
- The business has established close relationships with social and cultural groups like event-hosting groups, Latin groups, musicians, artist, and bands. We encourage local cultural groups to participate in the events that are hosted by the bar hence creating a sense of community.
- Promoter has over 15 years of experience in this particular industry.
Products & Services Overview
We sell cocktails like mojitos, beers, wines and serve Spanish cuisine. We also provide live music entertainment and host social gatherings and events.
Assets Overview
The business owns dining furniture, bar equipment, kitchen equipment, entertainment equipment, surveillance gear and maintenance gear.
Facilities Overview
Rented space located in the first shop of a 4 part building. The facility comprises of 3 sections including the kitchen area, the bar and dining area and the events area (external). The area of the facility is 400 square meters and we pay a monthly rent of XCD 5,000.
Capitalization Overview
Not Disclosed
Recent Activity
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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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