Restaurant In Picard, Portsmouth For Sale Picard, Saint John

$1,875,000.00
Property type: Commercial
Area (Sq Ft)
7726

The space

  • Land Size: 11610 Sq Ft

Description

(Prices are listed in United States Dollars. Other currency options are available using the currency converter at the top left. Eastern Caribbean Dollars are represented by XCD)

 

The Tomato Café is the newest, largest and most successful restaurant in Picard, Portsmouth, Dominica, with a ten year track record of growth, especially since moving into its new building in September 2013.

 

This restaurant in Picard and veranda encompass 5,838 sq. ft. as well as the uncovered deck and patio which comprise 1,888 sq. ft.  There is also a near completed one bedroom penthouse loft on the mezzanine level for the new owners or their on-site manager all on 11,610 sq. ft (just over a ¼ acre).

 

Gross sales for 2014 reached $3,400,000 XCD (approx $1,265,000 USD) although the restaurant only opens 8:00 am until 9:00 pm Monday through Saturday; closed on Sundays, most holidays and during the University’s semester breaks which totals at least 7 weeks a year.

 

Seating approx. 250 people, this restaurant in Picard has an extensive menu of over 110 items, including deli meats and cheeses, and fine wines and liquors for resale.  Most of its products are sourced from SYSCO in Miami, chilled and frozen goods flown in on Amerijet every two weeks and 4-5 pallets of case goods shipped in by sea every 6-7 weeks.

 

This restaurant will be sold as a turn-key operation, including an excellent staff of 25, furniture and fixtures, commercial cookware, 33KVA diesel generator, all inventory at closing, etc.  Most of the building materials were sourced internationally, including the 4” x 12” roof rafters (27’ high ceilings) from Canada, Rocky Mountain Shale cladded bar and service counters, high strength Boeing epoxy coatings to the walls and floors, European furniture and lighting fixtures, and local art on the walls.

 

This is an excellent investment opportunity for a savvy investor.

 

Call (767) 440-7712 or 617-4191 now to explore this great wealth generating prospect!

 

IMPORTANT ADVISORY: Before any person purchases real estate in Dominica, the Physical Planning Division should be consulted to find out if the property is part of an approved subdivision, if applicable, or if their intended use of the property conforms to the official land use and development plan for the area.  Visit the Physical Planning Division website for guidance.

Contact the Agent

I am Nelson La Rocque. I love my island, and I love the opportunity that the real estate industry has provided for me to provide for my family. My background in auto detailing and spray painting; landscaping and farming allows me to bring great attention to detail, patience and diligence to all my interactions and real estate transactions.  Get in touch!