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Attractive, Contemporary Italian Restaurant and Sports Bar
South CarolinaListing DetailsOffice ID: RESTAURSC1
Status: Expired
Listing Broker: George Bradbury
Listing Price: $150,000
Gross Revenue: $142,673
Cash Flow: $16,174
12 Month Forecast: $450,000
Forecasted Cash Flow: $65,000
Inventory: $5,000
Inventory Included: Yes
FF&E: $75,000
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Reason for Sale:
The owner owns another restaurant which requires his time.
The owner will give 40 hours over 30 days to make a successful transition.
OperationsYear Established: 2018
Form of Ownership: LLC
Employees (full-time): 6
Employees (part-time): 2
Managers: 1
Business Hours: Mon-Sat 11:00 to 9:00
Business Description:
This newly remodeled restaurant and sports bar is located on thoroughfare with over 20,000 cars passing by per day.This thriving restaurant which opened in the summer of 2018 is becoming the neighborhood Cheers.The American menu features Appetizers, salads, grinders, entrees, pizza, Strombolis, calzones and desserts.There is a fully stocked bar of popular liquors and beers. The main area seats 100 people in 3,200 square feet with outdoor seating overlooking the Intercoastal Waterway. Located in a beautiful South Carolina city which has the second largest seaport.
There are no other sports bars in the area.
Potential Growth:
With time and some marketing sales should grow significantly.
LocationType of Location: Stand Alone
Lease Expires: Feb 14, 2024
Option: 5 year
Lease Security: $3,000
Monthly Rent: $3,500
Square Footage: 3200

This restaurant is located in a free standing building occupying 3,200 square feet. Can seat 100 people and is located on a busy street.

Last Updated: Aug 18, 2020 / 6:48 AM
Financial Information Current As Of: Mar 9, 2019 / 6:03 AM