Like new 2nd Gen Charleston restaurant & Bar

Charleston, SC
Charleston County


Asking Price: Annual Revenue:
$144,500 $1,415,060

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Like new 2nd Gen Charleston restaurant & Bar Broker: Emily Benedict

Quick Facts

Asking Price: $144,500
Annual Revenue: $1,415,060
Net Profit: Not Disclosed
Cash Flow: $127,297
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2020
Employees: 12
BBN Listing #: 82228096
Broker Reference #: 9021

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Business Overview:

Restaurant and Bar for Sale in Charleston SC. $1.4 million in Sales last year. Seller offers a LOW PRICE OF ONLY $144,500 for quick sale. This nearly new restaurant with fully equipped commercial kitchen and fully built out dining room, party room, and full service bar is a steal at this price! Lease options may include converting the space to your concept if so desired. Sales at this Restaurant and Bar for Sale have grown nearly 60% from 2020 to 2021 for this pristine dining and bar located in one of the most desirable locations in the North Charleston market. The 6,275 sq ft Restaurant and Bar for Sale shows revenue in 2021 in excess of $1.4 million. Plenty of reasons this space has tons of potential include untapped advertising and marketing to the extensive foodie lovers base in Charleston's booming metro region, collaborating events with the dozens of established local breweries and distilleries, and appealing to the growing tourism market. Combined with an excellent location near major retailers, Boeing, Charleston International airport, and major interchanges, the incredibly low asking price, and the amazing fully equipped build-out, this is an opportunity your culinary dreams can't afford to miss! The Restaurant Brokers at We Sell Restaurants love offering up spaces like these that are such a great deal! This is an opportunity to buy an existing large restaurant and bar space that is producing sales of $1.4 million for a fraction of the cost of a build-out. With a hands-on owner/operator the sky is the limit for this gem. Modify the current concept or bring your own! This Restaurant and Bar for Sale is perfect for a hands-on operator who can drive more sales with a local ownership presence. The extra-large commercial kitchen at this Restaurant and Bar for Sale is any chef's dream with expansive hood system, 5 oversized burner cooktop, separate grill station, numerous prep tables and stations, double reach-in, 4 free-standing prep area refrigerators, extra-large dishwashing station (this equipment is leased), separate double sink wash station, oversized walk-in cooler lined with shelving, fully supply of cooking and serving equipment, huge pantry with shelving, dual soda beverage dispensing stations, coffee/tea station, ice-machine, separate security camera screening/office room, and more. The unbelievably low price includes everything you see * in the available photos and video, (*front-entry statue, TVs and POS registers do not convey). Be sure to complete the simple and easy Confidentiality Agreement to start the process of seeing for yourself how much you will get with this amazing low-cost Charleston area Restaurant and Bar for Sale. This Charleston Restaurant and Bar for Sale offers a main front entry hostess stand greets guests (with waiting area seating for 8-10) while an additional rear entry hostess stand handles overflow and party room guests. A discreet wait staff service station with beverage/soda dispensing services the main dining and party rooms. Seating features booths and tables/chairs for 140+, spread between a main dining room, party room (could be a second primary dining room), and bar. A leased Touch Tune juke box with fee-sharing provides additional revenue and can remain by signing an agreement with the existing leasor. Maximum occupancy at this Restaurant and Bar for Sale is up to a whopping 258 persons. Can you say private rental for weddings, family reunions, and general celebrations? The rent for this exceptional 6,275 sq ft location is $18,433 including all CAMS and taxes. With 2021 sales over $1.4 million, that's over $100k/month for COGS, operating expenses, rent, staff, and miscellaneous -- with the right concept and management, there's excellent profit potential with this high traffic location with ample parking location. The current 7-year lease has just under 5 years remaining and provides for 2 additional 5-year options. When you see the actual location of this Restaurant and Bar for Sale, you'll agree a $35 +/- price per square foot is an outstanding rate for such a fantastic space, in its own free standing building with NO OTHER tenants in the building. The menu and recipes at this Restaurant and Bar for Sale do not convey but once it's yours you have the ability to continue a similar concept, or let your creative culinary side offer a completely new one. If you'd like training in the operations of this restaurant and bar, the current owner has offered to assist after closing for an additional fee. Just make an inquiry after completing the Confidentiality Agreement, and your Charleston area We Sell Restaurants Certified Broker will respond quickly with answers. The business at this Restaurant and Bar for Sale currently features a full liquor license that allows it to sell liquor, beer, wine; this is often a bonus for a new owner, and may simplify the process when applying for your own at the same location. Are you looking to open a second location of your existing successful restaurant? Don't lose this affordable opportunity pass you by! Or perhaps you're still dreaming of opening your first establishment? You can't beat the location of this Restaurant and Bar for Sale, with full kitchen, dining, and bar build-out that is ready for you to start cooking as soon as you own it — nothing further is needed to open the doors and serve up your favorites in a fantastic consumer-driven location.

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Property Features and Assets:

Seating for 140 patrons as seen in photos including booths tables chairs barstools All kitchen appliances as seen in photos and now in place including cooktop grill top vent hoods prep tables reach-in sinks free standing and built in refrigeration walk-in cooler with shelving pantry with shelving ice machine beverage dispensing stations coffee maker hose and more All kitchen cooking ware as now in place including pots pans bowls utensils and similar All dining serving ware as now in place including utensils plates bowls cups saucers take-out containers and similar All interior decor items as now in place Front and rear hostess stands Bar and all related bar items as now in place including barware glassware refrigerator shelving Security System and monitors NOTE The TVs and POS Systems and the statue with ship helm wheel at the front entry are NOT included

Market Competition and Expansion:

booming Charleston metro region; strong tourism market; loyal foodie base customers; untapped marketing and advertising potential

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.

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