$182,000
3AA-B Cruz Bay Town
St John, VI 00830
MLS# 13-244
Status: Closed
700 sqft


Resort based gourmet market, gift shop & activity bookings at Gallows Point.
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Resort based gourmet market, gift shop & activity bookings at Gallows Point. Gourmet Market & Gift Shop @ Gallows Point servicing 60 units, as well as neighboring resorts, condos & villas. Activity booking services for planned excursions, boat charters, fishing trips, kayak adventures, snorkel rental, movie rentals, car rentals, provisioning services & gift baskets. Stop in & pick up what you need for a fun-filled, action packed vacation on St. John! Activities Center & Concierge Service for Gallows Point Resort. Offering a wide range of sundries, groceries, gifts and activity booking services to guests staying at Gallows Point Resort, as well as other neighboring resorts, villas & condos. The breakfast bar serves freshly brewed Caribbean gold coffee, latte, muffins, bagels & sweet breads. Wide variety of stocked snacks, light breakfast & lunch items, ice cream, beer, wine, spirits, soft drinks & juices. Unique selection of jewelry, t-shirts, beach bags & island inspired tropical gifts. Gallows Point Gift & Gourmet stocks the basic necessities to make your vacation a breeze! Resort based mini grocery store & gift shop. Visit the Website: www.stjohnadventures.com Spend your days off at world famous Trunk Bay!

Property Description
GALLOWS POINT GIFT & GOURMET. St. John is the PLACE to be! Resort based gift, coffee, breakfast and activity booking business FOR SALE. Buyer is assuming remainder of 5 year lease (as of 1/13/2012) with 5 year option. Resort traffic is built in - this is one of the most exclusive, award-winning resorts on St. John. Electricity is included in the rent!! This is an excellent opportunity to relocate to the Caribbean and live the St. John dream with immediate income. This is a turn-key ''life'' move. Impressive income & expenses statements provided to qualified buyers with a signed Confidentiality Agreement. See DOCUMENTS icon for the SPECIAL FEATURES.

Details
Maps
Contract Information
Current Price: $182,000
Status: Closed
Book Section: COMMERCIAL
Realtor.com Type: Commercial
List Date: 2013-06-07
Sold Date: 2013-08-30
Sold Price: $182,000
Terms: CASH
Financing: Conventional
Insurance: Liability
Location, Legal, and Tax Information
Parcel Number: 3AA-B
Estate: Cruz Bay Town
Quarter: Cruz Bay
Island: St John
Country: US
State/Province: VI
Postal Code: 00830
Subdivision: None
Easements: Of Public Record
Zoning: W-1WaterfrontPl
Restrictions: Decs & Regs
General Property Description
Business Name: Gallows Pt. Gourmet
Total SqFt. (+/-): 700
Building Size (+/-): 700
Year Built: 1989
Lot Size In Acreage: 2
Lot Size In SqFt: 87120
DBA: Gallows Pt. Gourmet
Addl Property Info
Parking: Gallows Point
Storage: 100 sq. ft. Attic
Utilities: Electric & Water Inc
Lease Information
Lease Options: 5-year Option
Lease Terms: Assuming 5 yr. lease
Monthly Rent: $1,800
Ownership Info
# of Employees: 2
Hours: 8 a.m. - 8 p.m.
Working Owner: Yes, 2
Years Established: 16 years
Years Present Owner: 2 years
Days Open: 7 days / 365 year
Form of Ownership: LLC
Reason for Selling: Health Issues
Financial Info
Expenses: Provided with NDA
Gross Income: Provided with NDA
Net Income: Provided with NDA
Gross Sales
Total: Provided with NDA
Annual Expenses
Insurance: Liabilty
Rent: $1800
Utilities: Electric inc. Rent
Total: Provided with NDA
Price Inclusions
Equipment: Appliances, A/C
Other 1: Website, Marketing
Other 2: Vender Lists, etc.
Total: Provided with NDA
Other Inclusions
Equipment Includes: Equipment/appliances
Inventory Includes: Turn-Key Business
Property Features
Supplements
Gallows Point Gift & Gourmet – SUPPLEMENT LIST PRICE: $209,000 St. John is the Place to be! FOR SALE: Resort-based gift, coffee, breakfast and concierge/activity-booking business. Buyer is assuming remainder of 5 year lease (as of 1/13/2012) with a 5-year option. Resort traffic is built in – this is one of the most exclusive, award winning resorts on St. John. Monthly rent $1800, electricity and water included!! Only utilities are phone & Internet. This is an excellent opportunity to relocate to the Caribbean and live the dream with immediate income. This is a turn-key “life” move. List price includes: Inventory, trade name, goodwill, lease value, marketing materials, vendors lists, and domain name (www.stjohnadventures.com) - 16+ years in existence with very high ranking, recipes, equipment, appliances, and 2-3 weeks of on-site owner training. Gallows Point Gift & Gourmet carries a wide selection of exclusive gift items, including island inspired jewelry & artwork, beach bags, t-shirts, hats, books, cards, sundries, and locally made products. The mini grocery store offers fine wines, beverages, gourmet snack food, cheeses, salami, tapenade, ice cream, and a nice selection of freshly made sandwich’s from Sam & Jack’s Deli. The breakfast bar offers coffee, espresso, cappuccino, latte, homemade muffins, croissants, sweet breads and breakfast burritos for easy pick & go meals. The shop also serves as the Concierge Service for Gallows Point Resort and neighboring resorts, condos and villas. They offer activity booking services for planned excursions, boat charters, fishing trips, kayak adventures, snorkel rental, movie rentals, car rentals, provisioning services & gift baskets. Impressive income & expenses statements provided to qualified buyers with a signed Confidentiality Agreement (see attached documents). * Sale subject to approval of the Gallows Point Board of Directors. Owner has family health issues – priced to SELL quickly!

Listing Office: Cruz Bay Realty

3AA-B Cruz Bay Town, St John, VI 00830 - MLS# 13-244
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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