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DSTT PROJECT UNITED STATES VIRGIN ISLAND
Susan Baker Consulting Firm
Susan Baker Consulting Firm
NON-DISCLOSURE AGREEMENT THIS AGREEMENT (the "Agreement”) by and between Susan Baker, Business Consultant on behalf of Mr. Mrs. Davis ( the” Disclosing Party”), and Party and/or Parties viewing this presentation (“Recipient” or the “Receiving Party”).
The Recipient hereto desires to participate in discussions regarding Businesses owned by Mr. Mrs. Davis, Located in St. Thomas USVI (the “Transaction”). During these discussions with Owners and/or Susan Baker or delegated party by Susan Baker, Disclosing Party may share certain proprietary information with the Recipient. Therefore, in consideration of the mutual promises and covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:
Compelled Disclosure of Confidential Information.
Notwithstanding anything in the foregoing to the contrary, the Receiving Party may disclose Confidential Information pursuant to any governmental, judicial, or subpoena.
This Agreement shall remain in effect for a two-year term (subject to a one year extension if the parties are still discussing and considering the Transaction at the end of the second year). Notwithstanding the foregoing, the parties’ duty to hold in confidence Confidential Information that was disclosed during term shall remain in effect indefinitely.
Damages to Disclosing Party that results from the unauthorized dissemination of the Confidential Information; Disclosing Party shall be entitled to recover its costs and fees, including reasonable attorneys’ fees, incurred in obtaining any such relief. Further, in the event of litigation relating to this Agreement, the prevailing party shall be entitled to recover its reasonable attorney’s fees and expenses.
Receiving Party shall notify the Disclosing Party immediately upon discovery of any unauthorized use or disclosure of Confidential Information by Receiving Party or its Representatives, or any other breach of this Agreement by Receiving Party or its Representatives, and will cooperate with efforts by the Disclosing Party to help the Disclosing Party regain possession of Confidential Information and prevent its further unauthorized use.
This Agreement constitutes the entire understanding between the parties and supersedes any and all prior or contemporaneous understandings and agreements, whether oral or written, between the parties, with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the above written.
DEMOGRAPHICAL
Diamond Resorts International® 1
04/15/2023
Susan Baker Consulting Firm
West Indian Company Dock and DSTT Business Locations
Susan Baker Consulting Firm
ST. THOMAS CRUISES DOCK IN ONE OF THE BUSIEST AND MOST DEVELOPED PORTS IN THE WEST INDIES.
St. Thomas has two cruise ports - - The West India Company Dock and Crown Bay both are located on the south side of the island where three large modern cruise ships can tie up at the same time. This area has been
extensively developed with the DSTT businesses within easy walking distance of the ship.
Susan Baker Consulting Firm
HOT OFF THE PRESS
Susan Baker Consulting Firm
“The United States of America flag fly’s here”
Statistics (2014)
Aircraft operations64,945
Based aircraft84 Source: Federal Aviation Administration
Historical: The island of St. Thomas in the United States Virgin Islands is currently the busiest airport in the United States Virgin Islands, and one of the busiest in the eastern Caribbean, servicing 1,215,000 passengers from March 2011 until February 2012.
ASSETS FOR SALE
Diamond Resorts International® 1
04/15/2023
Susan Baker Consulting Firm
ASSET #1 - SHIPWRECK TAVERN
ASSET #1 - SHIPWRECK TAVERN
Diamond Resorts International® 1
Susan Baker Consulting Firm
ASSET #2 - MOJO'S RUM AND SURF SHACK
Tiki torches, bar swings, palm roof, funky surfboards, cool drinks and awesome bartenders is what you will find at Mojo’s Rum & Surf Shack. It is the one and only best Tiki hut on St. Thomas to catch a cool drink on a hot Virgin Islands Day.
Susan Baker Consulting Firm
ASSET #3 STARZ NIGHT CLUB (Famous reality shows were shot
here)
Susan Baker Consulting Firm
ASSET #3 (Continued)STARZ NIGHT CLUB
Susan Baker Consulting Firm
ASSET #4 THE ROCK CASINO
Playing St Thomas Island casino games has never been simpler! The St Thomas Island casino offers online betting games such as Blackjack, Poker, Baccarat, Roulette, video poker and Craps with various single, multi-line slots, video slots, keno and many other enjoyable games only one of the best St Thomas Island casino has to offer.
St Thomas Island casino is doing it better than any other vacation attraction.
Don't take the word for it, check out and see why the casino has become the best - we are betting that you will agree with us and find that St Thomas Island casino is the best online casino in the Caribbean.
DSTT has 43 gaming places and is authorized for the placement and operation of video lottery terminals and other gaming devices (i.e., slot machines Roulette, video poker and Craps with various single, multi-line slots, video slots, keno) and many other enjoyable games of the best St Thomas Island casino has to offer.
Susan Baker Consulting Firm
ASSETS INVENTORY (Note: additional gaming seats have been added)
Shipwreck Tavern Main Floor with outside Porch (3200 plus 300 SQFT – seats 135 people) 10 VLT gaming machines with high back casino chairs 1 55ft custom built Bar with custom built high gloss bar top and coin inlays 3 POS terminals with printers 1 POS terminal & printer at hostess stand Six 32” flat screen TVs behind the Bar 1 32” flat screen TV in booth Ten 42” flat screen TVs mounted in the restaurant One 9ft HD flat screen with projector Complete DJ set up Two 10 ton self-contained York AC units – roof mounted 1 five ton AC unit 1 2.5 ton AC cassette in ceiling
Mojo’s Rum & Surf Shack Tiki Hut Structure on a 1000 square foot concrete pad 30 feet diameter tiki hut roof 3 POS terminals with drawers Bar - Octagon Shape Bar - Square Shape Center Island Four 32” flat screen TVs 16 Swing seats at the bar plus 20 bar stools Four custom built tables with benches and umbrellas 16 gas torches around the perimeter
The Rock Casino 10 Flat screen TVs 15 VLT gaming machines 1 eight seat automated Roulette table 1 5 seat automated Black Jack table 1 8’ custom made light up poker sign
Starz Nightclub & Ultra Lounge Down Stairs - club area holds approximately 200 guests with seating for 100
4 Benseron POS terminals w/cash drawers Professional sound system 1 stage with changing area 2 dance podiums 3 LG 42” TVs Double DJ Booth
Upstairs VIP Area - seats approximately 100 guests VIP Grey Goose Bar with LED lighting 2 Benseron POS terminals 1 LG 60” Flat screen TV Numark DJ set up, flat screen computer, Presonum digital performance & recording mixer, OHM digital board master, 3 power backups and self-contained master board.
Susan Baker Consulting Firm
ASSET EXHIBIT SHEETExhibit A……….Southland Gaming Agreement – Shipwreck
Exhibit B……….Business License: Shipwreck Tavern
Exhibit C……….Business License: Mojo’s Rum Shack
Exhibit D……….Business License: Starz Night Club
Exhibit E……….Business License: The Rock Casino
Exhibit F……….Business License: St Thomas Entertainment
Exhibit G………Health inspection information: Shipwreck Tavern
Exhibit H………Health inspection information Mojo’s Rum Shack
Exhibit I………..Health inspection information: Starz Night Club
Exhibit J………..Starz Night Club Inventory List
Exhibit K……….Mojo’s Rum Shack Inventory List
Exhibit L……….The Rock Casino Inventory List (with sound and lighting equipment estimates)
Exhibit M………Shipwreck Tavern Inventory List
Exhibit N……….St Thomas Entertainment - Workman's comp and insurance information: Government Insurance Fund
Exhibit O……….Vendor List – Name of Companies
Exhibit P………. Southland Gaming Agreement – The Rock
Exhibit Q………. Health Certificate for the Rock
Exhibit R……….Information on vehicles ending
Leasing Information: Starz, Rock & Mojos expire in March of 2031 all at the same time. Owners will meet with the landlord at Point of Sale to get a complete copy of the lease for Starz, Rock and Mojos as there are a lot of Addendums drawn up in the lease for those 3 businesses because of the many changes we made to the lay out and dates during the build out period.
Additional Storage Area: located at Al Cohen's Mall consists of approximately 3500 sqft with 2 empty offices, conference room with a large conference table and chairs, one 1 small bathroom, 2 large finished built out rooms with one of them carpeted and the other one tiled.
Additional Storage Area: separately finished 200sqft storage/ t-shirt room with door and shelving
NOTE(s): Legal Documentation: Articles of Incorporation, By laws, etc.: The Owners would like to wait to send copies of the Articles of Organization and the By Laws until after there is a contract in place. All licenses allow owners to serve liquor and food as Tavern keeper A or B as there is no separate liquor license issued in St Thomas. There is a nightclub license category on all the licenses for all the businesses that means Owners can stay open 24/7 and are allowed to serve liquor.
Susan Baker Consulting Firm
VITAL TOURISM STATISTICS FROM WICO PRESIDENT
The cumulative effect of cruise tourism economic activity contributes
$1,038,964,000 toward the gross territorial product; similarly overnight activity contributes $1,091,438,000 for combined
$2 billion industry.
Start the new year off right by taking advantage of this excellent opportunity to buy businesses in a prime location.
SAINT THOMAS CURRENT NEWS
Susan Baker Consulting Firm
ST. THOMAS - the latest and greatest news! Jimmy Buffet plans to invest 90 million in a business and that it huge because his presents will bring more tourist as his devoted fan base is enormous.
Buffett is partnering with Wyndham to open the 262-unit resort, located at the former Renaissance Grand Beach Resort in Smith Bay on St. Thomas.
The hotel property has been abandoned for years, and Wyndham plans to invest $90 million to transform it into the flagship Margaritaville Vacation Club by Wyndham property.
Buffett's said a casino never was part of the concept for the St. Thomas resort.
This good news for the buyer of the Davis businesses because they have been approved for a large privately owned casino that YOU can own. The businesses are a plug and play! Low start up cost because everything is already in place!
Susan Baker Consulting Firm
HOT OFF THE PRESS
Susan Baker Consulting Firm
FREQUENTLY ASKED INFORMATION ABOUT DOING BUSINESS IN THE USVI
The Virgin Islands, while relatively small in size and population, has a very diverse and active business community with companies and individuals residing and owning investments in the Virgin Islands from the U.S., Europe, other Caribbean Islands, India and around the world.
INTERNAL REVENUE SERVICE: The U.S. Virgin Islands is a unincorporated territory of the United States and therefore, enjoys the protection of the U.S. Constitution, legal and Republican form of government but retains its own authority for taxation under the U.S. Internal Revenue Code, and many other aspects of doing business in the Virgin Islands are similar to a state or municipality in the U.S.
Virgin Islands uses the same income tax regulations, forms, filing dates, etc. though the tax revenue is retained in the V.I. As a result of this system, V.I. residents and corporations generally pay tax on worldwide income to the V.I. Bureau of Internal Revenue and U.S. residents and corporations generally pay taxes on V.I. income to the V.I. Bureau of Internal Revenue and in U.S. income to the I.R.S. LABOR LAWS: V.I. labor laws generally follow U.S. standards, though the Virgin Islands has it's own minimum wage standards. Individuals doing business in the V.I. are encouraged to familiarize themselves with the Wrongful Discharge Law. Wages and salaries tend to be somewhat less than average U.S. counterparts in similar occupations.
IMMIGRATION: There are no special immigration and residency requirements nor property ownership restrictions for individuals of corporations residing or doing business in the Virgin Islands, other than those that apply generally in the U.S. and to U.S. immigration laws administered by the U.S. Immigration and Naturalization Service. However, applications to the INS for citizenship and residency is made in the Virgin Islands and not the United States, which generally the time for the approval process.
Whether doing business, indulging in some of the world’s prettiest beaches, re-discovering history at museums, forts or historic houses, admiring stunning panoramic views via a hike, bike or sky tram, playing a round of golf, making a splash in the invigorating turquoise blue waters, or visiting duty-free shops, St. Thomas has much to enjoy while doing business! Attractions in St. Thomas appeal to both those seeking adventure, family get-a-ways and those looking for peaceful relaxation.