62A Chocolate Hole, St John, VI 00830 (MLS# 15-251)

$85,000

62A Chocolate Hole
St John, VI 00830
MLS# 15-251
Status: Closed

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Property Description
MOTIVATED OWNER wants to sell this charter boat business, known as Tropic Power Boat Rentals, which includes a 2006 Glacier Bay Renegade SX catamaran with 2 Yamaha 150 hp engines, trailer and dinghy included, storm tackle, the website www.tropicpowerboatrentals.com, two moorings in Great Cruz Bay & permit to use National Park waters. Note that the business was closed for 4 1/2 months in 2014 which impacted the annual gross income.

Details

Maps

Contract Information

Current Price: $85,000

Status: Closed

Book Section: COMMERCIAL

Realtor.com Type: Commercial

List Date: 2015-06-24

Sold Date: 2016-01-27

Sold Price: $85,000

Terms: Cash at Closing

Insurance: Yes

Intended Use: Other

Location, Legal, and Tax Information

Parcel Number: 62A

Estate: Chocolate Hole

Quarter: Cruz Bay

Island: St John

Country: US

State/Province: VI

Postal Code: 00830

Zoning: C - Commercial

Restrictions: None

General Property Description

Business Name: Tropic Power Boats

DBA: N/A

Ownership Info

Working Owner: Bob Conn

Years Established: 8

Years Present Owner: 8

Days Open: 7 days per week

Form of Ownership: Sole Proprietor

Reason for Selling: Retiring

Financial Info

Expenses: $20,906.37

Gross Income: $54,353.57

Net Income: $33,447.20

Gross Sales

Year: 2014

Total: $54,353.57

Annual Expenses

Advertising: $2,660.00

Cost of Sales: $10,436.34

Insurance: $3,322.55

Licenses: $180.00

Repairs: $3,345.73

Taxes: $23.75

Telephone: $523.00

Other: $415.00

Price Inclusions

Equipment: Boat, trailer, etc.

Inventory: Dinghy, storm tackle

Other 1: Website, 2 moorings

Other 2: Nat'l Park Permit

Property Features

Listing Office: American Paradise Real Estate, Inc.

62A Chocolate Hole, St John, VI 00830 - MLS# 15-251

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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