Profitable Fine Dining Restaurant & Wedding Venue

Not Disclosed, SC
Horry County


Asking Price: Annual Revenue:
$799,000 $1,207,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Fine Dining Restaurant & Wedding Venue Broker: Seller of Business
Owner Financing is Available!
*This business has been pre-approved for SBA financing for qualified buyers. Owner will consider small amount of owner financing, if required, for qualified buyers.

Quick Facts

Asking Price: $799,000
Annual Revenue: $1,207,000
Net Profit: Not Disclosed
Cash Flow: $290,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: US
Year Established: 1994
Employees: 22
BBN Listing #: 399455795
Broker Reference #: Not Disclosed

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Business Overview:

Established & successful restaurant (25 years) & Wedding banquet facility with strong cash flow and rapidly growing sales. Excellent location, reputation and goodwill are driving unprecedented levels of earnings in the current year. This is a rare opportunity to own a unique restaurant & wedding venue, with the owners planning to retire. Seating capacity includes indoor dining for 150 and an outdoor dining area fully covered/ heated/ cooled for up to 150. The Five Star Wedding venue can accommodate up to 250 guests and represents the fastest growing segment of the business. The historic building has been maintained with a new roof in 2016, new electric in 2017, and updated plumbing- altogether comprising over $100,000 in capital improvements over the last three years. Two full kitchens with new equipment, walk-in cooler, walk-in freezer, four storage sheds, and a highly trained and seasoned staff rounds out this turnkey operation. Business assets also include a food trailer for off-site catering and local festivals. With ample parking and proximity to a daily traffic count of over 40,000 vehicles, there are so many ways to grow this business by expanding hours, more utilization of the outdoor dining area, adding Sunday Brunch, etc.

If you have a catering and/or wedding business and a passion for fine dining this is a must see! Take it to the next level and do it all in one unique destination venue.

NDA required.

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Property Features and Assets:

Unique, historical building is 5,500 square feet and has been exceptionally maintained- new roof, updated/new electric, updated plumbing, new equipment, and more. Outdoor covered seating is approximately 2,000 square feet. Plenty of parking for large events with proximity to high daily traffic count of over 40,000. Sale includes approximately $150,000 of FFE (Owner will remove personal items). Business for sale with NNN Lease. Real estate sale optional.

Market Competition and Expansion:

Business is only major wedding venue in the area with wedding sales growing rapidly and expected to soar in the next two years. Excellent reputation and customer goodwill in place among tourists and locals alike. This business has been very well-managed and positioned in the market. Growing area with 11,000 new home sites approved to build in next few years. Many new homes currently being built in the area with a huge new hospital under construction. Growing to be a large medical community. Operating schedule could easily be expanded to open for lunch and Sunday Brunch. Many more opportunities in catering especially to the medical community. In 2018, Banquet/wedding sales jumped by $100,000, or 364% year-over-year, with projected growth pushing 30% in the current year- this is the fastest growing segment in the business.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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