Profitable Fine Dining Restaurant & Wedding Venue Business

Horry County, SC

Seller Financing Available
Wedding Venue
Contact Seller

Asking Price: $875,000

Cash Flow: $310,146

Gross Revenue: $950,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $950,000*

Established: 1994

*not included in asking price.

Profitable Fine Dining Restaurant & Wedding Venue Business

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Business Description

Top Wedding Venue at the Beach, lots of potential for growth!

Established & successful restaurant (25 years) & Wedding banquet facility with a positive cash flow. Strong and growing location. Excellent reputation and goodwill. Rare opportunity to own a unique restaurant & wedding venue, owners planning to retire. Indoor dining for 150. Outdoor dining area fully covered heated/cooled seating up to 150. Five Star Wedding venue for up to 250 guests. Building maintained, new roof in 2016, new electric in 2017 and updated plumbing. Two full kitchens with new equipment, walk in cooler, walk in freezer and four storage sheds. Turnkey operation. Positive cash flow. Highly trained seasoned staff. Large kitchen, walk in cooler, walk in freezer. Includes food trailer for off-site catering, festivals and sidewalk permits vending. Plenty of parking. So many ways to grow business by expanding hours, utilizing outdoor dining area, adding Sunday Brunch, etc. Weddings up 300% and growing every year. If you have a catering and/or wedding business, take it to the next level and do it all in a destination wedding venue. NDA required

Highlights:
• Strong & growing location - 10k homes to be built in next 4 years
• Busy year round with locals
• Great tourist dining destination, busy summers
• Mostly word of mouth advertising
• Turn key operation
• Excellent reputation and goodwill
• Large banquet facility Wedding receptions up 300%
• Room to grow

If you are a caterer, this place is perfect to call home. Destination and Beach weddings are growing like crazy.

Real Estate is not included. Business only

Detailed Information

Location:
Horry County, SC
Real Estate:
Owned
Not included in asking price
Building SF:
5,500
Employees:
22
Facilities:
Building is 5,000 sq ft. Outdoor covered seating is approx 2,000 sq ft. Plenty of parking for large events. Sale includes furniture, fixtures and equipment. Owner will remove personal items. The building has been consistently maintained. New roof, updated/new electric, updated plumbing, new equipment. Business only for sale. NNN Lease for property/Building.
Competition:
Only major wedding venue in the area. Excellent reputation. Wedding sales expected to soar in the next two years. 2018 Banquet/wedding sales up 364%. Growing area with 11,000 new home sites approved to build in next few years.
Growth & Expansion:
Many new homes being built in the area, huge new hospital under construction. Growing to be a large medical community. Could be open for lunch and Sunday Brunch. Many more opportunities in catering especially to the medical community.
Financing:
Short term small amount possible
Support & Training:
2 weeks
Reason for Selling:
Owner wants to retire
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(from currently available funds)
 
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Kim Masson

Business Listed By:
Kim Masson

TRADD Commercial

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