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Beautiful Cottage Resort In Virgin Islands For Sale

St. Thomas Virgin Islands, All Countries
Asking Price:
$1M - $5M
Sales Revenue:
$100K - $250K
Cash Flow:
$50K - $100K

"Booming" is an accurate term to describe this Virgin Islands campground located directly off of St. Thomas. Showing a gross revenue for 2016 at $197,000 and for 2017 $192,000, the revenue for January through March, 2018 is dramatically increasing. Because of competitive campgrounds closing cottages or having been severely affected by Hurricanes Irma and Maria, this campground is anticipating a phenomenal year! Timing could not be more perfect to purchase this well-run operation at the asking price of $1,299,000; the campground is in its best condition ever--- since its establishment in 2006. Inclusive in the sale are: a two bedroom cedar shingle house with an apartment downstairs( appraisal in 2015 for both was $600,000 ), campground consisting of eight cottages (16' x 16' each ), suite/apartment in the aforementioned house, laundry room/ storage area , bathhouse, and an outdoor dining pavilion. In addition, a fifteen foot Wahoo dingy with 75 hp outboard motor complete with a dock is included in the purchase. Lastly, a 2009 Ford Ranger truck, a 2003 Ford Ranger truck and a 1998 Trooper are included in the sale as well as all furnishings and fixtures in the house and campground.
Although the campground is being sold by owners who are preparing to retire,they are willing to stay on after the sale to train new owners and staff. Potential buyers should act quickly on this opportunity ; financing includes $600,000 down, 4% interest on the balance with a five year balloon arrangement. Without a doubt, this business foresees incredible growth potential, as the original permit grants the right to build three additional cottages along with a second bathhouse.
With a total gross revenue of $204,000, this tropical paradise water campground offers one a golden opportunity to own a burgeoning business in the U.S. Virgin Islands, which will not require passports for U.S. citizens. Take this opportunity , and act on this incredible home-based business. By contacting us, we can provide you with appropriate information to speak with the highly-motivated sellers!

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Located on Water Island a 10 minute boat ride from St. Thomas

Listed by

Matchmaker Business

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