Turn-Key Historic Spartanburg Location - Reasonable Offers Considered

Greenville, SC (Greenville County)

Turn-Key Historic Spartanburg Location - Reasonable Offers Considered
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Asking Price: $325,000

Cash Flow: N/A

Gross Revenue: $1,150,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $11,817 /Month

Established: 2017

Turn-Key Historic Spartanburg Location - Reasonable Offers Considered

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Business Description

- All Reasonable Offers Considered -

Spartanburg Historic District Restaurant Conversion Opportunity
Turn-Key Restaurant Ready for a Change of Concept
$325,000 - All Reasonable Offers Considered

The owners of this immaculate restaurant have decided to move on from this project. They are offering their Million-Dollar build-out for a bargain. In addition to the 180-seat, fully turn-key restaurant, the next owner will enjoy the benefits of a very under-market lease for this historic district location + numerous exclusive catering opportunities.

* Sales Revenue: $2,000,000 (2018) $1,150,000 (2017)
* Perfect opportunity for variety of concepts - sports bar, pub, or any other casual dining concepts
* Numerous exclusive catering contracts available for significant revenue
* All FF&E is less than two years old - including a 28-foot hood system
* Under-market long-term lease - 6,974SF - currently $11,817 per month ($20/PSF)

Detailed Information

Real Estate:
Leased
Building SF:
6,974
Lease Expiration:
N/A
Facilities:
Free-standing building located in the most desired demographic in Spartanburg. All FF&E less than 2 years old
Competition:
Historic location crawling with both young professionals and old Spartanburg money
Growth & Expansion:
Exclusive long-term catering contracts available and will transfer w/ business
Support & Training:
Yes
Reason for Selling:
Downsizing
Business Website:
http://www.greenvillerestaurantstore.com
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Contact the Seller

(from currently available funds)
 
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Sherman Walters

Business Listed By:
Sherman Walters

National Restaurant Properties

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