$250,000
St. Croix, 00820
MLS# 12-2196
Status: Closed
1 / 38
Property Description
Rare opportunity to own St Croix's best beach bar & restaurant, eat@cane bay! Located on the sublime serene palm-lined North Shore this highly grossing business draws its very loyal clientele from tourists & locales island-wide including 3 hotels located within 5 miles, many high-end villa rentals nearby & the crowds that enjoy sunning, diving & snorkeling at popular Cane Bay beach just steps away
Details
Documents
Location/Area
Plot/Unit Number: 110C
Island: St. Croix
Quarter: Northside 'B'
General Property Description
Realtor.COM Type: Commercial
Taxes: 0
Tax Year: 0
Lot Acres: 0
Water Front: No
Zoning: R-3
Sold Price: $250,000
Listing/Selling Member Info
Approx Int Sqft: 1600
Miscellaneous
PWD#: 0000
Street Front: Yes
Amenities
High Traffic: 1
View
North: 1
North Shore: 1
St. Thomas: 1
STT/STJ: 1
Water: 1
Waterfront: Sandy Beach
Construction
Masonry: 1
Mixed: 1
Stone: 1
Flooring
Wood: 1
Listing Info
Sign: Yes
Business Opportunity
Business Name: eat @ cane bay
Business Type: Restaurant & Bar
Business SqFt: 1,200 plus parking
Inventory Included: Yes
Established: 2010
Income & Expenses
Profit/Loss: With signed C/A Only
Monthly Rent: 2500
Lease Terms: 5-year term+option
Lease Expiration: 8/2014 -1st 5yr term
Options: One 5-Year option
Parking
Parking: Yes
Sale Includes
Business Only: 1
Security
Gate: 1
Water
Well: 1
Sewer
Septic: 1
LocationArea
Estate: Cane Bay NB
Postal Code: 00820
Geo Lat: 17.772083
Geo Lon: -64.810709
Directions: Follow North Shore Road west to Cane Bay
Contract Information
Status: Closed
Under Contract Date: 2014-04-16
Current Price: $250,000
Begin Date: 2012-12-03
Sold Date: 2014-07-08
Sold Price: $250,000
Property Features
Sale Includes: Business Only
View: North; North Shore; St. Thomas; STT/STJ; Water
Amenities: High Traffic
Flooring: Wood
Security: Gate
Construction: Masonry; Mixed; Stone
Water: Well
Sewer: Septic
Supplements
eat @ cane bay
(Visit eatatcanebay.com for the full experience!)
* Although this location has long been home to restaurant/bar businesses, eat @ cane bay was established in October, 2009
* Included in the sale are the equipment, lease, fixtures, website (eatatcanebay.com), inventory and good will
* Restaurant comfortably seats 75 people.
* Covers: Low Season- 125/150 covers per day/night; High season 200-225 covers per day/night
* Owners would be willing to stay on to aid new owners in the transition; period to be determined
* The restaurant is often used for private parties and offers off-site catering as well
* There is a well on-site, so there are no water costs.
* There is a 1,000 gallon water buffalo (above-ground water storage) to supply the ice machine.
* A multi-camera security system and security guard monitor the property
* Licenses currently held are a nightclub license and a tavern keeper license
* Plenty of parking just steps away
Island wide view of location 
Listing Office: Coldwell Banker St.Croix Realty - GB
Office Phone: 340-778-7000
Information deemed reliable but not guaranteed.