Turnkey restaurant/bar for sale in Frenchtown, St. Thomas
Available on request
26 catalogue images. Media provenance, current condition and usage rights are confirmed before an introduction.
The brief
The reason to consider it.
Turnkey restaurant and bar in the Frenchtown restaurant district of St. Thomas, United States Virgin Islands, offered as a leasehold business.
- Approx. 1,000 sq ft (about 93 m²) interior; total seating for 70 (inside, outside, bar and AC seating).
- Low rent; leasehold with 3+ years remaining on the lease.
- Owned and upgraded equipment included: automatic diesel generator, commercial kitchen, LED lighting, security system.
- Parking for 2 cars; street-front storefront location; zoning B-1; city water and sewer.
- Inventory included; furnished; split AC and fans installed.
Business operation offered as a going concern with equipment and inventory included.
- Type
- Commercial
- Land
- 431 ft²
- Use
- Retail
- Lettable area
- 990 ft²
- Parking
- 2
- Zoning
- B-1
- Year built
- Available on request
What this listing includes
- Air conditioning
- Backup generator
- On-site security
- Parking
- Furnished
- Kitchen
- Restaurant or bar
What people say about US Virgin Islands
Sources agree that the US Virgin Islands is simple to enter for Americans, since it is US territory, but costly to run once there.
- Concern WAPA electricity is expensive and outages are routine; backup power is treated as standard
- Concern Insurance is a hard market: higher premiums, large percentage windstorm deductibles, trouble for wood-frame homes; flood is separate
- Mixed Closings are attorney-led, take longer than on the mainland, and need a USVI-licensed lender; surveys matter on irregular hillside lots
- Mixed Condo costs are driven by windstorm insurance; check reserves and master policy before buying
Cost of entry
The asking price is not what it costs.
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