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 a homebased business opportunity.
- This is a franchise resale opportunity.
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