After nearly a decade of creating delectable Caribbean cuisine, Prince and Rose Adams have decided to list their popular Coral Bay restaurant for sale.
Sweet Plantains Restaurant and Rum Bar just hit the market for $275,000. That price includes full branding rights; however a potential buyer can also opt to take over just the space for a discounted rate of $150,000.
Sweet Plantains is a charming restaurant located in the heart of Coral Bay with beautiful views of the harbor and beyond. It has a loyal following of locals and tourists alike, and is known for using only the freshest natural and organic ingredients. It has also garnered quite a following due to its one-of-a-kind rum tasting flights. But despite its tremendous success, the Adams decided it was time to move on.
“Rose and I have been running the restaurant for close to a decade, and we love catering to our customers, both locals and visitors, and we will no doubt miss doing that,” Prince said. “We made some great friends and had lots of fun operating the restaurant and living on beautiful, yet challenging, St. John. But island living has its ups and downs, like anywhere. We feel it’s about time to move on to our next chapter.”
The Adams announces their newest venture – MyVIDeals – this past summer. MyViDeals is a social buying website that is very much like Groupon and LivingSocial. The main difference, however, is that it will feature local deals within both the US and British Virgin Islands, as well as Puerto Rico.
The Adams plan to stay locally and said that even though Sweet Plantains is currently closed for the season, they do plan to reopen the restaurant later this year in the event it does not sell first. However he did have a few words of advice for any potential restauranteurs who may be interested.
“If you are planning to open a restaurant here, now is the time to start the process,” Prince said. “St. John is at the end of its off season. You will have the opportunity to open right before the tourist season. A new business will need to capture as much sales as possible before the slow season. This is very important to succeeding here.”
Sweet Plantains has focused solely on dinner service during its tenure, but Prince said that could easily be changed to include lunch, brunch or catering. With a location like theirs, the possibilities are really endless.
Sweet Plantains has received several accolades over the years including several from the Virgin Islands Daily News Readers’ Poll. They received awards for Best Chef in the Virgin Islands, Best Gourmet Dining, as well as Best Sweets & Desserts. They have also been awarded TripAdvisor’s Award of Excellence.
Want to learn more about this potential business opportunity? Click here to read the full listing.
Click here to learn more about MyVIDeals.