Is it time for the Inquiring Iguana to eat crow? Maybe.
A few days ago, II published a story here saying Cruz Bay’s popular Beach Bar was for sale. The item was based on a listing he found at a well-respected business brokerage Web site, BizBuySell.com.
The article included a link to the listing … which is now unavailable. BizBuySell.com offers several reasons it's gone.
- The business has been sold or removed from the market.
- If the business was listed by a business broker, the broker may no longer be representing the seller.
- The ad simply expired and was not renewed.
This follows a Web posting by Jane Kelly at Islandia Real Estate reporting she spoke with the owner of the Beach Bar about the story … and was told the Beach Bar is not for sale.
Beach Bar may not be for sale, but BAMBOULA at Mongoose Junction is….What a GREAT business to scoop up!
Have you seen what they’re asking??? WOW!
$225k. One year break even almost $19k/mo. net profit. Three year break even almost $7k/mo. net profit. Assuming of course you pay in full upfront with no loan/debt/interest. Even at 50% margin you’re talking about selling a LOT of knick knacks.