Now this sounds like a good one. Village Cafe in Wharfside Village just listed for sale, and it sounds like it’s quite the deal. The quaint outdoor cafe is on the market for only $78,000.
The popular cafe features Mexican food and breakfast options, in addition to smoothies and other food/beverages. It’s mainly a grab and go place, but it does offer a few tables and chairs for those who prefer to dine in.
According to a 2012 listing for the restaurant, Village Cafe was grossing roughly $250,000 annually at the time. If that still holds true, Village Cafe seems to have the potential to have a pretty good return on investment.
We’ll have to sit back and see if the right buyer moves forward on this one. But in the meantime, if you could run any type of business on St. John, what would it be?
Wow, that does sound like a good deal if it’s grossing that much. The rents at Wharfside are pretty steep, but the foot traffic is unbeatable. Good luck to any potential buyers….it’s a good spot.
The price sounds great given the revenues, but I wonder if something is up here. Last year the listing price was $95K and now the new owner has it listed for $78K (??). MahoSteph is right – great location and foot traffic, but I also wonder if the rent may be a bit too much for a place like this. All the best to the future owner!!!
Agree with these guys. Wonder what the monthly costs are…..especially WAPA. Having live d in St Thomas and St John before, that is the unknown you can never really plan for. Wonder if back taxes are also due????