The second-floor, waterfront business has been operated by the owner of Wharfside shopping center since the previous owner left the island in January. The space then operated as the Balcony.
Interestingly, Wharfside is not offering the business through an island real estate agent, at least it's not on the Multiple Listing Service. Instead, he is using an Internet site, Businessesforsale.com, which is a good idea if you're trying to find interest off island.
"Operations are very profitable," the listing says. "Approximately two-thirds of daily revenue is paid for by credit card, and the balance is paid in cash. A restaurant like this is not available for sale very often."
The restaurant is licensed for liquor, beer and wine sales as well as food and may also operate as a cabaret, according to the offering description.
- Spyglass got good reviews on TripAdvisor
- Spyglass's 'soft opening' seven months ago
- The BusinessesForSale.com listing