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Growing Restaurant for sale on Beautiful Lake in Upstate SC
This growing restaurant and convenience store is located in an exclusive, beautiful setting on a lake...
Growing Restaurant on Beautiful Lake in Upstate SC
Reference # LP 70912 Upstate, South Carolina
Asking Price:
$39,900 Price Reduced!
Gross Income:
$235,106(est)
Cash Flow:
$60,325(est)
Downpayment:
$50,000
Real Estate Value:
N/A
FF&E:
$20,000(approx)
Inventory:
$4000
Business Summary
This growing restaurant and convenience store is located in an exclusive, beautiful setting on a lake in Upstate South Carolina. The owners have done a beautiful job of restoring and decorating the restaurant, they are the only restaurant available on the lake, and the next closest competition is miles away! Vacationers stay in the area from May thru September. There is a tremendous opportunity to increase the low prices charged and add big bucks to the top and bottom line.
The restaurant is only open for breakfast and lunch four days per week. A new owner could easily expand it to over four hundred thousand dollars in revenue within two years. The restaurant serves middle to upper income boaters, individuals and families, with a seating capacity of 70 inside and out. People drive and boat from as far as 50 miles away to enjoy the delicious seafood and other fare in a peaceful, pastoral setting. They serve mainly fresh prepared foods, so the customers come back again and again.
The owners have done zero advertising; all customers come in by word of mouth. The owner's job is requiring him to move out of state. With SBA financing, a new owner could buy with very little cash down!
Building & Property
Building:
2000 sq ft plus 900 sq ft deck
Monthly Rent:
$500 per month
Real Estate Available:
No
General Information
Reason for Sale:
Owners Have Other Interests
Franchise:
No
Support/Training-
Negotiable
Hours:
Su-Wed 7-2, Th-Sa 7-10
Year Established:
2006
Financing Provided:
Bank or SBA
Employees:
FT: 1, PT:5
For complete information about this business for sale in SC:
Contact: Craig Reimer, CBB
864.238.6854
Empire Business Brokers, LLC 1361 W. Wade Hampton Blvd, Suite F, PMB #253 Greer, SC 29650 864.241.0606 / Fax 864.895.8596
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