• Q: Can I earn commision for referring a potential buyer?
• A: Yes, when a bidder sends an email to us to get registered, they must mention your name and your email address.
• A: If your referral is the winner or one of the winners, We will pay you 2% of the final sale amount in BTC or ETH.
• Q: Can I make an offer on more than 33% or even 100%?
• A: We will entertain all offers, as they say
everything has it's price. However, Four of the five partners are not looking to sell at this moment.
• Q: Is the island profitable?
• A: Yes, in 2019, our first full year in business, with only one small tiki bar, the companies grossed just shy of $500k. Sales come from membership dues, food, beverage, merchandise and booking fees.
• A: However, in 2020 due to Covid-19, we were only open for a few weeks, grossed $64K in Food and beverage and $37k in membership fees. We had multiple weddings and other events booked in 2020 that we had to cancel unfortunately.
• A: The island hosts a variety of events for members, private parties, corporate events, and team builds to earn money.
• Q: Will my purchase price be considered a “capital contribution” and be returned to me at some point?
• A: Yes, A and B shares are scheduled to have their capital contribution returned to them as profits come in. All those details are outlined in our operating agreement(s).
• Q: I heard you are having problems with the county, what is the status on that?
• A: The nuisance violations have been dropped as of February 2021. The other 2 violations are construction without a permit and no approved site development plan.
• A: We are in the process of getting the island zoned with the county, which will include the site development plan etc… That application will be submitted mid-March 2021, at which time the county will drop all violations.
• Q: Is the island shrinking?
• A: There has been erosion over the past 60 years. However, The main part of the island that has held together for decades is the section where large trees are growing and the east side beach.
• A: We have hired engineers and planners to install GEO-Tubes and a living shoreline to prevent further erosion. Once installed mother nature will naturally build up new acres of white sandy beaches. This process will take some time, around 2 to 3 years.
• A: We are also in talks with the previous owners about dumping more sand on the island for free.
• Q: How many acres is the island?
• A: Our most recent survey was completed in June of 2020, showing upland of 8.874 Acres and shoal area of 60.429 acres for a total of 69.303 acres. You can download a copy of that survey here.
• Q: What is the legal description of the island?
• A: All of that certain island in Tampa Bay at north latitude 27 °48’29” West, longitude 82 °26,46”, which at high water extends approximately 628 feet east and west and has an average width of approximately of 119 feet, being known as “Pine Key” and also known as “Paradise Island”, together with all riparian rights including the rights of accretion which are appurtenant to said island, and also the shoal area surrounding said island.
• Q: Is the entire island members only?
• A: Due to covid-19 to minimize the number of visitors we decided to make all of the upland a members only area. However, once covid-19 is in our past, we may open back up to the general public. Anyone can pull up in a boat and hang out without a membership, we have no jurisdiction over the water.
• Q: Why did we decide to create the membership program in the first place?
• A: This is what keeps us legal with the type of liquor license that we have. Plus it has helped weed out some of the bad apples that used to frequent the island causing problems.
• Q: Where can I find more information about the types of memberships being offered?
• A: Beercanisland.com, click memberships.
• There are many plans in the works, feel free to ask and/or stop by the island to see what the future plans are.
Other questions that I receive via email, I will reply, plus post those Q's and A’s here. Check back for updates.
