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Profitable Beachfront Restaurant - Caribbean Lifestyle Opportunity For Sale

Carriacou, Grenada, Grenada
Asking Price:
$65,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
Under $50K (USD)

A unique and rare opportunity to acquire a profitable, owner-operated, well established beachfront restaurant in the small island of Carriacou, Grenada. The restaurant is ideally positioned benefitting from strong, seasonal tourist and yachting traffic with loyal repeat customers and low overheads. This is a turnkey business offering an excellent lifestyle with a reliable income in a stunning Caribbean setting in a prime bay popular with visiting yachts, visitors and locals.

The restaurant is currently operating as a successful speciality cuisine concept with an excellent reputation. However the business is equally suited to the continuation of the existing concept or adaptation to alternative cuisines, giving the new owners flexibility.

The sale is leasehold and has been running in its current concept for 6 years but has been a restaurant/cafe for approximately 14 years in total.

Currently run successfully by a couple with no additional staff and who are looking to retire by year end.

The sale includes all fixtures, fittings, equipment, stock at hand and goodwill with immediate trading and no immediate additional investment required. A fully equipped commercial kitchen, bar, low overheads and manageable operating costs.

The ideal buyer would be perfect for:

  • . Couples seeking a lifestyle change on a small, beautiful and peaceful Caribbean island.
  • . Yacht-based or Caribbean entrepreneurs looking to go ashore.
  • . Hospitality professionals looking for a quieter lifestyle.
  • . Anyone looking for a business in paradise.

Financial Information:

  • Consistent turnover with strong seasonal peaks.
  • Profitable owner-operated business.
  • Generates a reliable income for owners.
  • . All financial information is in East Caribbean Dollars, which is the local currency.

Enquiry:-
Serious enquiries only. Further details available on request.

Property Information

Real Estate:

Lease

Lease Terms:

5 years remaining on current lease

Leasehold Rent:

$6,650 (USD) per annum

Living Accommodation:

Not included but assistance can be made available.

Location:

Situated on the beachfront in one of Carriacou's most popular bays for yachts and tourists.

Premises Details:

Detached concrete building with external, covered veranda and roadside seating with 3 Bistro tables, chairs and umbrellas. Seating for 30/pax with wooden tables and bench seating.
Professional kitchen with all fixtures, fittings, stock and equipment included.

Size in square feet:
Unknown but can be provided.
Planning Consent:

Not applicable

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Expanded menu plus Speciality nights.
Increased Marketing to Tourists.
Delivery or Take away service.
Catering for Events or Private Functions.
Increase weekly opening times.
Provide Breakfast menu.

Competition / Market:

Very little competition from other restaurants due to its unique and non Caribbean cuisine.

Reasons for selling:

Retirement and Relocation

Trading hours:

Tuesday to Saturday. 11.30am to 8.30pm
Lunch and Dinner
Sunday evening during peak season.

Employees:
None currently. Run by couple
Years established:
14 years altogether, 5+ with current owners.

Other Information

Support & training:

Total support and training is available. Turn key operation. Ready to go on Day 1.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$6,000 (USD) - included in the asking price