**Asset Sale -Legendary Spartanburg Upscale Casual Restaurant/Bar

Spartanburg, SC (Spartanburg County)

**Asset Sale -Legendary Spartanburg Upscale Casual Restaurant/Bar
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Asking Price: $149,000

Established: N/A

**Asset Sale -Legendary Spartanburg Upscale Casual Restaurant/Bar

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Asset Sale Description

Spartanburg, SC Restaurant For Sale! Big Sales, Long History & Good Lease!

This turnkey machine is a Spartanburg institution. Great rent, lots of parking and a huge built in catering and group business. Wofford College very close and feeds this business all season long.
Strong 15 years Brand ID in
Spartanburg! Don’t miss out on getting this legendary restaurant. STRONG History of Sales!

• 15+ Years in market and Branding!
• $1 Million Net
• Unique Business Plan and Concept!
• Tremendous PRIDE OF Ownership & Goodwill!
• Sales exceed previous years and growing!
• Full training and operations.
• Located in high traffic area!
• Very Clean Books!!!
• Great Seller Discretionary Income = Quick • Return on Investment!
• Restaurant like these do not come up often.
• Strong catering and group business feeds sales year round
• Potential for growth as well
• great rent only $5k a month all in
• Limited owner financing
General Pro Forma:
Sales: $956k Rent: $60k
Labor: $276k COG: $282k
Misc: $140k Utl: $16k
Net Cash Flow: $182K+++

Asset Sale: $149,000

*Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.

Detailed Information

Location:
Spartanburg, SC
Business Website:
http://pacificrestaurantbrokers.com
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Contact the Seller

(from currently available funds)
 
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Michael Stavrinakis

Asset Sale Listed By:
Michael Stavrinakis

Pacific Restaurant Brokers

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