Profitable Bar for Sale in Montego Bay, Jamaica
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 420 thousand |
Run Rate Sales | USD 420 thousand |
EBITDA Margin | 40 % |
Industries | Restaurants + 1 more |
Locations | Montego Bay |
Local Time | 9:04 PM America / New York |
Listed By | Business Owner / Director |
Status | Active |
- The downstairs area functions as a restaurant with seating capacity of 50, with also a hibachi kitchen serving a fusion of Jamaican and American cuisine.
- The upstairs area is a club with a capacity of 500 people and features of a full bar, booth section and DJ booth.
- The business holds both a liquor license and a food license.
- The restaurant has a steady daily clientele, serving 100- 200 customers per day.
- The owner has now migrated to the USA.
- The sale of this business is for buyers looking for a well furnished, established infrastructure in a prime location with an existing customer base which provides a reliable revenue and immediate income, its up to the buyer if they choose to keep the branded name or they will rebrand.
- For buyers who value continuity, maintaining the brand name would mean minimal marketing effort since the business is already well-known among locals and tourists. Maintaining the established brand would also required less promotional work.
- We acknowledge that some buyers may want to put their own spin on the business by rebranding. With solid fundamentals already in place, they’d have a head start on reshaping it to fit their vision.
The bar area serves a variety of drinks, cocktails and hookah.
Majority of the customers are tourists.
These assets are valued at USD 220 thousand and are being offered at a discounted price of USD 200 thousand.
Rent is USD 6.6k per month.
No outstanding loans.
There are 2 shareholders in the business.
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Earlier than 15 daysManager, Fashion, Toronto, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysLine Cook, Resorts And Spa, Montego Bay, Individual Investor / Buyer connected with the Business