Successful Restaurant & Wedding Venue on the Coast

Horry County, SC

Seller Financing Available
Fine Dining in a Tourist Area
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Asking Price: Get Financing: $1,850,000

Cash Flow: N/A

Gross Revenue: $950,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $1,000,000

Established: 1994

Successful Restaurant & Wedding Venue on the Coast

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Business Description

Huge Growth Potential, Positive Cash Flow. Turn Key Wedding Venue, many dates b

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 location, 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

Additional information available with signed disclosure from buyer. Owner will consider selling just business and leasing land/bldg. Short term owner financing a possibility.

Highlights:
• Strong & growing location
• 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
• Room to grow
• Building consistently maintained

Detailed Information

Real Estate:
Owned
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.
Competition:
Only major wedding venue in the area. Excellent reputation. Wedding sales expected to soar in the next two years.
Growth & Expansion:
Minimum of 10,000 homes being built in the area, huge new hospital under construction. Could be open for lunch and Sunday Brunch. Many more opportunities in catering especially to the medical community.
Financing:
short term
Support & Training:
2 weeks or negotiable
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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