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Richard Watson Co.

Caribbean Real Estate

Very successful waterfront Italian Restaurant

new-deck-higher-rez

One of the most successful restaurants in the Caribbean. In purpose built premises, having traded year round for five years and established a very loyal and growing clientele.

With a recently extended kitchen, refitted and refurnished with quality fittings and equipment.

Located on the water’s edge of an established marina residential resort, with private dockage, and opposite the entrance of the resort golf club. Surrounded by 550 townhouses, beachfront villas, two hotels totalling 125 suites, a 140 berth marina, retail and leisure facilities, on the famed west coast of Antigua, and its fabulous beaches, with the benefit of marina dockage immediately in front of the deck.

Antigua is an unspoilt paradise boasting a beach for every day of the year. Almost one million annual tourist arrivals, an affluent ex-pat community, and the most famous yachting centre of the Caribbean. Year round sun, sea, sand, and a low taxation environment, with daily direct flights from the UK, Europe, USA, and Canada.

The restaurant is open only for dinner in the evenings and annual turnover has grown to US$ 750,000 with excellent margins, improving year on year, and with great scope for a new operator to further grow the business.

Leasehold premises with nine years remaining on the lease  at a current rental of just US$ 49,000 per annum.

Currently laid out for 95 covers, plus the bar.

This highly regarded restaurant offers an excellent return on capital and  is for sale as a going concern.  Fully fitted, fully staffed, turnkey.  Offers invited around US$ 600,000

Please contact Richard for further details and financials.

waterfront deck dining
wood fired pizza oven
pizzaolo
bar
waterfront site

Officers Quarters
Nelsons Dockyard
English Harbour
Antigua
(268) 726 2232

richard@richardwatsonco.com

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