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Listing ID: 2009617

Turn Key Waterfront Restaurant For Sale

English Harbour, Antigua and Barbuda

BUSINESS SOLD

(Furniture / Fixtures included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Restaurant Type: Turn Key/ Non- Functioning
Sale Price: US $ 350,000
Type of Sale: Asset Sale
Leasehold: 30 Years
Rent: US $ 4,000 pm (fixed for 5 years)

This is one of the finest restaurant locations in Antigua and Barbuda. The views over English Harbour are exceptional. The dockside frontage is 2,800 sq. ft. under awnings. 120 customers can be seated comfortably. This is a great opportunity to purchase a large turn-key restaurant with a long lease, for a reasonable price.
The double sized restaurant has two fully fitted kitchens and a private dining room in two buildings of 1,500 sq. ft. The owners have decided that the premises should remain as one unit and sell only to an experienced restaurateur.

Dockside
The property consists of a dockside water frontage of 80ft (25m) with a deck width of 35 to 40ft (11-12m). The outside area seats 120 persons comfortably at 30 tables. The outside area under cover is approximately 2,800 sq.ft.
The deck patios are designed to be covered by two awnings. The awnings cover patrons from the sun and can be removed in the case of extreme weather. One of the awnings is in fair condition. The owner will replace the other as part of the lease agreement.
The restaurant consists of two buildings:

Building A
Building A is 40ft (12m) by 23ft (7m) and consists of a kitchen, a serving area, a dining area and a walk-in freezer. The kitchen is fully fitted with stainless steel equipment of a very high standard and good condition. The kitchen has a large fitted extractor fan above the range cooker.
The serving area has storage for everything a restaurant needs such as cutlery and crockery. The dining area has a long table seating and may serve as a private dining room. The building also has a two toilets for patrons.
Building B is 26ft (8m) by 22ft (7m) and houses a very large, fully equipped kitchen, a storage area and a bathroom. The kitchen equipment is mainly stainless steel and of very good condition and high value. The serving area has a large inventory of crockery and cutlery.

Bar Area
A 12 seat bar area adjoins Building B and is equipped with fridges and ice baths. A small lounge area is alongside and can sit 10 people waiting for tables while enjoying cocktails.

Parking and Access
There is ample parking inside and outside of the property. The drive to the restaurant from English and Falmouth Harbour takes 5 minutes. Water access is by dinghy and water taxi.

Inventory
A full list of inventory sold with the business will be attached to the Sales Agreement.

Property Details

Size:

2800 sq. ft.

Property Type:

Real & Lease

Other Details

Business Location:

Antigua Slipway, English Harbour

Premise Details:

Waterfront

Competition:

Next to an Italian Restaurant that serves pizza.

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