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Profitable Bar for Sale in Montego Bay, Jamaica

A 2-floor popular restaurant and bar in Montego Bay serving Jamaican, Mexican, and American cuisine.
This Business is on a Premium Plan
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
Overall Rating
Full Sale
Asking Price: USD 200 thousand (Native Currency: USD 200,000)
Reason: Migrated to the United States and invested in a new business.
Includes physical assets worth USD 200 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Business located in Montego Bay, operates as a lounge, restaurant, and bar, spanning across 4,030sq. ft. and is spread over two floors.
- 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.
Products & Services Overview
Restaurant serves Jamaican, Mexican, and American cuisine. Top selling are oxtail dishes.
The bar area serves a variety of drinks, cocktails and hookah.
Majority of the customers are tourists.
Assets Overview
Chairs, table, inventory, kitchen equipment and all bar equipment, liquor license, club license and restaurant license. All equipment required to operate the business.
These assets are valued at USD 220 thousand and are being offered at a discounted price of USD 200 thousand.
Facilities Overview
Operating from a rented facility of 4,030 sq ft, located in Straddle Dr, Montego Bay.
Rent is USD 6.6k per month.
Capitalization Overview
Self-funded.
No outstanding loans.
There are 2 shareholders in the business.
Recent Activity
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Contact Business
1 Buyer contacted this Business this month. Register below to connect now!
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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