Popular Seafood Restaurant and Sushi Bar

Horry County, SC

Seller Financing Available
Popular Seafood Restaurant and Sushi Bar
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Asking Price: $1,200,000

Cash Flow: $390,000

Gross Revenue: $2,447,000

EBITDA: N/A

FF&E: $75,000

Inventory: $15,000

Rent: $3,583 /Month

Established: 2009

Popular Seafood Restaurant and Sushi Bar

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Business Description

Unbelievably Low Lease rate for fully renovated building

This seafood restaurant is a staple in the Myrtle Beach area showing tremendous growth year over year. The restaurant has moved 3 times in ten years growing from nearly 1,500 sq ft to over 10,000 sq ft. 2 hour waits are the norm during the tourism season and locals keep it busy in the off.

The restaurant has been fully rennovated over the last 3 years with new roof, second kitchen added in for catering and to go ordering and updated A/C systems. Lease is extremely affordable.

Fresh seafood and sushi are the standard here and served with southern flare.

The restaurant is supplied by a nearby seafood market and wholesaler that can be acquired as a bundle.

Detailed Information

Location:
Horry County, SC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
8,825
Lease Expiration:
N/A
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
stand alone restaurant with ample parking. 2 full service kitchens. 300 seating capacity. Separated banquet area. Sushi bar. Bar area. To go service station.
Competition:
One of the most recognizable "non" Calabash seafood style restaurants. This is not a buffet. Known for its quality and hospitality.
Support & Training:
Owners will remain during training and transition period.
Reason for Selling:
Owners desire to grow wholesale business
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(from currently available funds)
 
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Terry D Walden

Business Listed By:
Terry D Walden

Revenue Avenue Business Brokerage

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