High Volume SC Island Resort Bar for Sale

Not Disclosed, SC
Georgetown County


Asking Price: Annual Revenue:
$225,000 $914,181

Food & Beverage: Restaurants, Fast Food, Deli


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RE: High Volume SC Island Resort Bar for Sale Broker: Steve Weinbaum
License #: 365512

Quick Facts

Asking Price: $225,000
Annual Revenue: $914,181
Net Profit: Not Disclosed
Cash Flow: $71,504
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 28
BBN Listing #: 21878096
Broker Reference #: 6143

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Business Overview:

Resort bar for sale is cranking out $914,000 annually with opportunity for growth. High volume South Carolina island favorite is trending up 20 percent over last year.

Buy this bar for sale and get the only sports themed bar in town. Located in the epicenter of the island with no competition within 15 miles. Online reviews of 4.5 stars offer a picture of the loyal following from locals and tourists alike.

Earnings at this island resort bar for sale offered by We Sell Restaurants was $70,000 on $914,000 in revenue. A new owner operator should be able to grow cash flow with better controls on costs of goods sold. Year to date sales are up 20% compared to this time last year!!!

This bar for sale is the favorite spot for locals and vacationers to enjoy signature cocktails sitting on the patio listening to live music or watching sporting events on one of the 30 TV’s. This island resort bar is known for having a laid-back vibe, friendly staff, good food and fun cocktails and was recently voted one of the top 10 restaurants on the island.

The upstairs was just re-branded and renovated which adds additional space for patrons to enjoy a sporting event or space to host larger parties and will generate additional sales and profit for a new owner. Entire complex recently updated to include new façade, new walkway and awnings, newly paved parking lot which offers a clean new look!! Once you have seen the property and experienced the laid-back island feel you will fall in love!

The rent on this 2334 square foot beauty is only $5234 including CAMS and there are 10 years left on the current lease. An occupancy rate all in at only 6.24% of sales is unheard of especially in a resort town. Seating inside for 80 with additional seating outside on the patio for 80 more customers.

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Property Features and Assets:

Office PC-PoS $400 Dell Office PC Internet $400 HP Office Printer $200 HP 3 office Monitors $500 HP 8 Camera Security $1,800 ZModo 11 TV/Cable boxes $2,200 DirecTV 4 routers $600 Triple Play Bar Glassware $1,400 Libbey 12-32inch TV’s $5,200 Vizio 13- 42Inch TV’s $7,200 Vizio / Sony 25 TV Brackets $2,500 NA 5x8 Projector & Screen $600 Optoma Office Safe $200 SentrySafe 26 Tables $3,600 Custom 60 Chairs $2,000 NA 12 High Tops $1,200 Custom 62 Bar Stools $3,200 Lancaster Building Sign $1,200 Custom Beer Walk In Cooler $5,000 Custom (2) 96Inch heat lamps $1,400 Hatco (5) Ice Bins $1,000 NA (6) Metro Cooler Shelves $1,800 Metro Shelves (2) Liquor Cabinets $400 Custom (8) Outdoor TV Cabinets $1,600 Custom Merch Display Case $600 NA (3) Special Boards $300 NA (4) Dunnage Racks $1,000 NA Electric Steam Table $150 Winco (3) Chaffing Dishes $600 Supreme (11) ceiling fans $1,000 Hunter / Hampton Bay Deck Rope Lights $150 NA Outside Marquee Sign $100 Custom Office Furniture $300 Misc. Large Outdoor Fire Pit $300 Custom Décor and Neon’s $3,500 Misc. Upright Cooler (DB) $1,000 True 8 Ft. Upstairs Reach In $2,800 Turbo Air 4 ft. Reach In $1,200 Perlick 64 inch Beer Cooler $1,500 Kelvinator Wine Bottle Cooler $600 Beverage Air Wine Bottle Cooler $400 Uline Kegerator Outside $700 True Deli Meat Slicer $100 intertek AC & Heat Wall Units $1,200 LG Sonos Music Box $500 Sonos Total FF & E / Inventory $113,800

Market Competition and Expansion:

The only sports bar within 15 Miles.

Reason for Selling:

Relocation

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 not a franchise resale opportunity.

Relevant Links:

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