MYRTLE BEACH, South Carolina
| Asking Price |
$299,000 |
Year Established |
2016 |
|
| Annual Revenue |
$1,051,920 |
Reason for Selling |
Personal |
|
| Annual P/L |
$0 |
Attention |
Mark Dame |
|
| Annual Cash Flow |
$118,829 |
Listing Number |
1013970 |
|
| # of Employees |
25 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
Take advantage of this rare opportunity to acquire a beautifully appointed, fully equipped South Carolina Restaurant for sale in one of the fastest-growing commercial and residential corridors in the Greater Myrtle Beach area. Strategically positioned along a major thoroughfare with outstanding visibility and easy access, this location benefits from thousands of vehicles passing daily and is surrounded by an expanding population of homeowners, condominium communities, apartments, retail centers, grocery stores, medical offices, and national retailers. Just minutes away, a major outlet shopping destination attracts millions of visitors annually, adding to the area's already impressive year-round customer base.
This is a true turnkey operation occupying approximately 3,900 square feet, complemented by a spacious outdoor patio. The restaurant comfortably seats 108 guests indoors with an additional 24 patio seats, creating an inviting dining environment for both residents and visitors. The attractive interior has been professionally designed and is ready to continue serving guests from day one.
From We Sell Restaurants, the commercial kitchen is exceptionally well equipped and designed for high-volume production. Included are a 15-foot exhaust hood, 10-burner gas range, 5-foot flat-top grill, walk-in cooler, walk-in freezer, refrigerated sandwich and prep stations, commercial refrigeration, bar equipment, POS system, and an extensive inventory of smallwares. The roomy kitchen layout allows multiple staff members to work efficiently during peak service periods, making it ideal for breakfast, lunch, dinner, or an expanded operating schedule.
The South Carolina Restaurant for sale currently generates annual sales exceeding $1 million, demonstrating the strength of both the location and the operation. According to the franchisor, top-performing locations have achieved annual sales approaching $2 million, offering significant upside for an experienced owner-operator with strong marketing and operational skills. Whether you choose to continue operating under the existing franchise system or convert the restaurant to your own independent concept, the infrastructure is already in place to support a successful business.
The lease offers long-term stability with an attractive monthly rent of $6,751, approximately five years remaining on the current term, plus three additional five-year renewal options, providing the security needed to build long-term value.
One of the greatest advantages of this opportunity is the tremendous savings over developing a comparable restaurant from the ground up. Industry estimates indicate that constructing and fully equipping a restaurant of this size and quality would likely require an investment of $600,000 to well over $1 million, not including the time, permitting, construction delays, equipment procurement, staffing, and opening expenses associated with a new build. Here, virtually everything is already in place, allowing a new owner to begin operations immediately.
The Grand Strand continues to be one of the Southeast's most desirable places to live, work, and vacation. Beautiful beaches, championship golf, year-round outdoor recreation, continued residential growth, and a pro-business climate combine to create a thriving environment for restaurant operators. South Carolina's low cost of living, low taxes, and strong economic growth continue to attract both new residents and businesses from across the country.
This opportunity offers an exceptional combination of proven sales, outstanding visibility, excellent demographics, substantial replacement value, favorable lease terms, and the flexibility to continue with an established franchise or introduce your own brand. Opportunities of this quality in one of the Grand Strand's premier growth corridors are seldom available.
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Property Features and Assets:
Exhaust Hood 15 feet<br>10 Burner Gas Range<br>Flat Top Grill, 5 feet wide<br>2 drawer refrigerated work stand (Grill on top)<br>Boiler<br>Convection Oven<br>Steam Table 4 full sheet pan size<br>Refrigerated prep unit, 5 feet wide<br>Ice Machine<br>Refrigerated Sandwich unit 6 feet wide<br>Walkin Cooler, Large Capacity, 8? by 12?<br>Walkin Freezer, 8? by 7?<br>Conveyor toaster oven<br>Microwave<br>Slicer<br>3 Bay Sink<br>Three Door Glass Bottle Cooler<br>Two Door Glass Bottle Cooler<br>3 Bay under counter bar sink<br>Ice Bin<br>One Bay Sink<br>Hot Plate, 2 place<br>4 Hand Sinks<br>Fresh Squeezed OJ Machine<br>Under counter cooler<br>Countertop steam well<br>Refrigerator, upright 27? wide<br>Two single bay SS sinks with molded drain boards<br>Mop Sink<br>Office Desk and Chair<br>Numerous wire shelves<br>Toast POS<br>Numerous SS Worktables<br>108 Chairs<br>33 Tables<br>Equipment Not Owned<br>Eco Lab Dishwasher Station<br>Expresso Machine<br>Coffee Brewer<br>Iced Tea Brewer
Market Competition and Expansion:
High growthn and traffic location.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity