Popular Restaurant Near Beach Sales $1,000,000+

Not Disclosed, SC
Georgetown County

Near Beach


Asking Price: Annual Revenue:
$450,000 $1,011,167

Food & Beverage: Bars, Clubs, Nightspots


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RE: Popular Restaurant Near Beach Sales $1,000,000+ Broker: George Bradbury
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $450,000
Annual Revenue: $1,011,167
Net Profit: Not Disclosed
Cash Flow: $159,498
Total Debt: Not Disclosed
FF&E: $169,500
Real Estate: $500,000
Year Established: 2012
Employees: 22
BBN Listing #: 90356351
Broker Reference #: RESTAURSC2

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Business Overview:

This Italian restaurant and sports bar with pizza has sales $1,000,000+ to locals and tourist in this Ocean side city. It is located on a commercial road with a nearby regional shopping mall with a $50,000 tall sign out front. This extremely clean restaurant serves appetizers, Salads, grinders, pasta, entrees, pizza, stromboli calzones. desserts, beer, wine and cocktails.

This restaurant opened 2012 and has been a family friendly place ever since. The sports pub has 14 draft beers on tap and 20 plus TV’s
Located in a 7,000 square foot building there is seating for 200.
The restaurant is for sale for $450,000. Buyer must also acquire the ground lease for $500,000. Then buyer will then be responsible only for taxes on real estate for next 28 years with no rent, increasing profit by over $50,000.

Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607, 919-341-1100

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Property Features and Assets:

The standalone restaurant is located on 1.8 acres with 7,000 square feet of space. It is located on the main highway in a tourist area with a $50,000 very high sign. Buyer of the restaurant must also exercise the option to acquire the ground lease for the remaining 28 years.

Market Competition and Expansion:

Since this location is on a busy highway in a tourist area there are many restaurants. None nearby that have a menu that is extensive as this restaurant with seating for 200. The business has been growing organically about 6 to 7% each year.

Reason for Selling:

Owns another restaurant that requires time.

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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