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Listing ID: 227167

The Belgian Chocolate Factory St. Thomas US Virgin Islands For Sale

St. Thomas, USVI, Virgin Islands

$ 325,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 306,000

Cash Flow: $ 95,000

Business Description

Chocolate and the Caribbean...need we say more? The Belgian Chocolate Factory in St. Thomas, United States Virgin Islands is the premier destination for tourists and locals alike. Established in 2006, The Belgian Chocolate Factory has quickly become a first stop for the millions of cruise ship passengers and hotel guests that visit St. Thomas each year.

The Belgian Chocolate Factory is also a huge success in the local market, especially during the many holiday seasons. Local clientele includes the local and commuting residents, community businesses, hotels, and year round charter yachts. As the only chocolate manufacturer and retailer on St. Thomas, The Belgian Chocolate Factory has a significant competitive advantage, all within its very own niche. The manufacturing and retail store front features heavy pedestrian traffic due to its desirable and beautiful location in the waterfront district of downtown Charlotte Amalie.

Late 2016 brought a new look with a fresh remodel. Early 2017 additional items were added to the shop that customers bring to the register as an add on to the chocolates they purchase.

2017 figures will be in line with 2016 despite the 12% reduction in cruise ships. Even if we do nothing than we currently are doing now, the 2018 season will be up 17% due to an increase in cruise ships, the store remodel, and new items added. Hotel sales are strong but more hotels are desired and within reach. Currently no sales to restaurants but doing so will also bring additional profits. The shop is now ready for an expansion phase of adding point of sales at the local airport and the Red Hook ferry terminal. Doing so will easily add 50% increase in sales.

Not a Chocolatier you say? Don't worry! We will provide 2-3 weeks of hands on training to teach the new owner the traditional Belgian Chocolate making methods and techniques. The training is included in the sales price; as well as the authentic Belgian Chocolate Recipes currently used, all manufacturing equipment, and the extensive inventory. This is truly a turnkey business.

Property Details

Size:

1300 Sq. Ft.

Years Established:

11

Property Type:

Lease

FF&E:

$ 100,000

Inventory Value:

$ 50,000

Other Details

Business Location:

Prime Location in the Waterfront District of downtown and historic Charlotte Amalie, St. Thomas, US Virgin Islands. Located within the exclusive retail shopping center known as the AH RIISE Mall. The Belgian Chocolate Factory boasts three separate entrances - the main waterfront entrance, and two additional entrances within the AH RIISE mall.

Premise Details:

The potential for expansion includes the ability to open another Belgian Chocolate Factory on or off island; or open a separate manufacturing plant to increase wholesale distribution. Over 1300 Square Feet of prime waterfront real estate Two brand new, commercial grade, Air Conditioning Units Large Kitchen with two free-standing chocolate tempering machines and three commercial refrigerators Office Space Large amount of on-site storage space

Competition:

As the only chocolate manufacturer and retailer on St. Thomas, The Belgian Chocolate Factory has a significant competitive advantage, all within its very own niche.

Expansion Potential:

The potential for expansion includes the ability to open another Belgian Chocolate Factory on or off island; or open a separate manufacturing plant to increase wholesale distribution.

Operation Details

Employees:

3

Trading Hours:

Monday- Saturday 9:00 am-5:00 pm Sunday ships are in town 9:00 am-2:00pm Some Sundays

Support & Training:

Not a Chocolatier you say? Don't worry! We will provide 2-3 weeks of hands on training to teach the new owner the traditional Belgian Chocolate making methods and techniques. The training is included in the sales price; as well as the authentic Belgian Chocolate Recipes currently used, all manufacturing equipment, and the extensive inventory.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Wife has taken a job off island. No rush to sale. The business is running well as semi absentee.

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