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Asking Price: $1,200,000
Cash Flow: $100,000
Gross Revenue: $246,000
Real Estate: $600,000
What an amazing opportunity this business venture offers! Situated on St. Thomas, U.S. Virgin Islands,this campground contains 8 well-appointed Eco cabins from which guests can take in the spectacular view of the Caribbean waters. Also included is a bathhouse, a laundry/storage area, outdoor dining pavilion, a suite/apartment and a 2 bedroom cedar shingle house with downstairs apartment, splash pool and outdoor decks. In addition, for the asking price of $1,200,000, a prospective buyer would get not only a very profitable business with a gross revenue of $246,000 and EBITDA of $150,000, but the opportunity to live in this beautiful tropical paradise nestled on a hillside overlooking the pristine sea below! As part of the sale, the owners ( who are preparing for retirement ) are offering a 15 foot Wahoo dingy with a 75 hp outboard and dock, a 2013 Toyota Tundra 4x4 truck, and 2 Ford Ranger trucks---- one a 4x4 and the other a 2 wheel drive. FF&E is valued at $478,000 while the real estate appraisal is $600,000.
With .83 acres, a permit has been previously secured for 3 additional cottages and bathhouse. Trip Adviser indicates that 93% of the guests who have written reviews have rated this camping experience as " Excellent". As an important feature, United States citizens DO NOT need a passport for travel to the Virgin Islands. Another positive aspect illustrated in the glowing reviews written about the campground is the amount of pride and care the owners and managers have devoted to the business. One guest wrote that it was worth the trip just to meet the on-site managers who do everything to ensure that the vacation is the ultimate experience for them. Total square footage is 4,673, and this is definitely a turn-key situation. According to the caring owners, the campground is in tremendous shape with a plethora of things done to update and make it " Move in ready"!
Outstanding news for a potential buyer( in addition to all of the positive aspects of this property and business)is that there is NO competition presently; a neighboring campground recently closed 160 cottages with another close-by campground closing, as well. Another campground may be opening: however, this has not occurred, as yet. As stated, the gross revenue figure of $246,000 was based on 2016 occupancy of 38%---- certainly a tribute to ownership and management is the fact that 2 hurricanes affected this area, and yet, they still managed to get things up and running doing an outstanding business with reviews that substantiate what an amazing travel destination this is . Many guests return again...and again...and again! Is there any better advertisement for a well-run business with great people to accommodate your every need?
Although retirement is on the horizon for the present owners, they are willing to stay on after the sale to train new owners and staff. Having operated since 2006, they would like to ensure that a smooth transition of ownership takes place and assist in making it a success for the new owners. As for financials, $600,000 down is required with a 4% interest on balance with a 5 year balloon payment. Don't miss the outstanding opportunity to own this unique campground and all its amenities with breathtaking views amid a tranquil setting---- a tropical paradise offering a profitable business that is in "tip-top" condition, making it more than ready for a new owner!
Real Property Included
St. Thomas US virgin islands on Water Island
add more cottages
with 600K cash down owner will carry a note for the rest
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