Newk's Eatery Franchise-Freestanding-Can Convert
Columbia, SC Richland County
Downtown Columbia
Seller's Contact Information
- RE: Newk's Eatery Franchise-Freestanding-Can Convert
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $150,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 18 | |
| BBN Listing #: | 972529193 | |
| Broker Reference #: | 2001 |
Business Overview:
Closed Newk’s Eatery for Lease – Freestanding Downtown Columbia South Carolina Steps from River & U of SC- $1.2M Buildout – No Purchase Required – Any Concept Works
Newk’s Eatery National Franchise for sale.
Located at 707A Gervais St, Columbia, SC 29201.
“In your face” Downtown Columbia South Carolina Location.
Steps from River & University of South Carolina.
High Visibility.
$1,200,000 state of the art build-out.
Freestanding 4,760/sf.
Seating for 120 guests.
Outdoor covered patio seats 25.
$8,500 monthly, all in, rent.
A five-year lease with a five-year option to renew.
Established in 2016.
Keep or Convert to any Concept.
Due diligence is available.
Priced at $150,000 which includes all furniture, fixtures, equipment and $40,000 Aloha POS System or lease without all assets at $45,000. Both options include administration fees and $24,000 ( three months rent ) in Landlord Security Deposits necessary to close.
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Property Features and Assets:
Steps from River & University of South Carolina. High Visibility. $1,200,000 state of the art build-out. Freestanding 4,760/sf. Seating for 120 guests. Outdoor covered patio seats 25. $8,500 monthly, all in, rent. A five-year lease with a five-year option to renew. Priced at $150,000 which includes all furniture, fixtures, equipment and $40,000 Aloha POS System or lease without all assets at $45,000. Both options include administration fees and $24,000 ( three months rent ) in Landlord Security Deposits necessary to close.
Market Competition and Expansion:
Keep or Convert to any Concept.
Reason for Selling:
Other interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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