Restaurant In Picard, Portsmouth For Sale
Commercial Property For Sale
Property type: Commercial
Area (Sq Ft)
Land Size: 11610 Sq Ft
(Prices are listed in Eastern Caribbean Dollars)
The Tomato Café is the largest and most successful restaurant in Picard, Portsmouth, Dominica, with a 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) 617-9030 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.
At Millenia Realty we act with professionalism, honesty and fairness. The Millenia Realty team is the only real estate company in our market that provides access to a wide range of construction related services such as land planning, valuation, property assessment, engineering, developing and designing through to construction. Our unique position increases the value we provide to those who do business with us.