$100,000 Price reduction for this Profitable Bar in Myrtle Beach, SC

Myrtle Beach, SC (Horry County)

Seller Financing Available
We Sell Restaurants -  South Carolina Restaurant Brokers
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Asking Price: Get Financing: $180,000

Cash Flow: $127,647

Gross Revenue: $528,279

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $3,000 /Month

Established: 2015

$100,000 Price reduction for this Profitable Bar in Myrtle Beach, SC

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Business Description

Buy this profitable full service bar and restaurant for sale doing around $500,000 in sales and sending the current owner home with almost $130,000 annually in Myrtle Beach! Rent is an unheard of $3,000 per month!

Opportunities like this are few and far between! This bar and restaurant for sale truly has it all! First and foremost is the location - it's situated amongst all the great bars, dining establishments and attractions of Myrtle Beach, South Carolina. This successful restaurant for sale is 2,500 square feet and seats 60 comfortably inside with outside seating for an additional 16. The rent is an incredible $3,000 per month and includes CAMS and there's another 18 years left on the lease. Based on annual sales of $500,000, that comes to less than seven percent of sales which translates into excellent cash flow as demonstrated by the earnings of this bar and restaurant for sale. Owner earnings are almost $130,000 annually providing a very nice lifestyle for the next owner.

This bar and restaurant for sale offered by the Restaurant Brokers receives high ratings on all the major social media sites. It's NOT just another Myrtle Beach business. It's a destination that has been featured in numerous articles and blogs of places to visit in the area. Described as a top destination for anyone visiting the Myrtle Beach area by national bloggers and media outlets, this bar and restaurant for sale is only open for limited hours and is completely absentee owned. What makes this location so popular is that you can go in for a complete dinner, a few appetizers, or for their signature cocktails. It's a turn-key operation whether you want to continue as an absentee owner or be an on-sight owner operator.

Myrtle Beach is recognized for its exceptional golf courses and beautiful coastline. It's a top choice as a vacation spot and attracts an estimated 14 million visitors each year. All of those visitors know this bar and restaurant for sale as a main attraction.

Detailed Information

Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
12/1/2035
Employees:
3 FT 4 PT
Facilities:
Manitowac Ice Machine 1204 Silver King Fridge True TDD4 True TDD-65 True TDD3 Continental BBC50 Scottsman Ice MachineCU0515 Haier Mini Fridge Moffat E32D5 Pitco Fryer 35C True YUC-48F Masterbuilt Smoker Magic Chef Freezer Walk-In Vulcan Grill Delfield KFC-36 Kool It Prep Fridge Furniture Tables Chairs Fixtures Outdoor Furniture and Pergola
Competition:
Other dining establishments, tourist attractions, shopping
Financing:
75% Down
Support & Training:
Yes
Reason for Selling:
Other
Business Website:
http://www.wesellrestaurants.com
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Contact the Seller

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Steve Weinbaum

Business Listed By:
Steve Weinbaum

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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