Popular Restaurant Near Beach Sales $1,000,000+

Georgetown County, SC

Italian Restaurant & Bar
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Asking Price: $950,000

Cash Flow: $159,498

Gross Revenue: $1,011,167

EBITDA: N/A

FF&E: $169,500

Inventory: $15,000

Real Estate: $500,000

Established: 2012

Popular Restaurant Near Beach Sales $1,000,000+

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Business Description

This Italian restaurant and sports bar with pizza has sales $1,000,000+ to locals and tourist in this Ocean side city. It is located on a commercial road with a nearby regional shopping mall with a $50,000 tall sign out front. This extremely clean restaurant serves appetizers, Salads, grinders, pasta, entrees, pizza, stromboli calzones. desserts, beer, wine and cocktails.

This restaurant opened 2012 and has been a family friendly place ever since. The sports pub has 14 draft beers on tap and 20 plus TV’s

Located in a 7,000 square foot building there is seating for 200.

The restaurant is for sale for $450,000. Buyer must also acquire the ground lease for $500,000. Then buyer will then be responsible only for taxes on real estate for next 28 years with no rent, increasing profit by over $50,000.

Real property represented by ENLIGN Commercial
2009 Caminos Drive, Raleigh, NC 27607,

Detailed Information

Location:
Georgetown County, SC
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,000
Employees:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The standalone restaurant is located on 1.8 acres with 7,000 square feet of space. It is located on the main highway in a tourist area with a $50,000 very high sign. Buyer of the restaurant must also exercise the option to acquire the ground lease for the remaining 28 years.
Competition:
Since this location is on a busy highway in a tourist area there are many restaurants. None nearby that have a menu that is extensive as this restaurant with seating for 200.
Growth & Expansion:
The business has been growing organically about 6 to 7% each year.
Support & Training:
The owner will give 40 hours of training over 30 days to insure a successful transition
Reason for Selling:
The owner owns another restaurant which requires his time.
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Contact the Seller

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George Bradbury

Business Listed By:
George Bradbury

ENLIGN Business Brokers

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Sponsoring Broker:
Jeff Snell, CM&AP, M&AMI, LCBI, ABI

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