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SOLD - High Volume, Upscale Restaurant SOLD in Upstate SC
This top level restaurant is located in an upscale metropolitan area in the heart of Upstate South Carolina. The owners have done an incredible job...

SOLD - High Volume, Upscale Restaurant SOLD in Upstate SC

Reference # RG 83103 Upstate, South Carolina

Asking Price:

$890,000

Gross Income:

$1,002,702(est)*

Cash Flow:

$218,727(est)*

Downpayment:

200,000(est)

Real Estate Value:

N/A

FF&E:

$545,000(approx)*

Inventory:

$6000*

Business Summary

This top level restaurant is located in an upscale metropolitan area in the heart of Upstate South Carolina. The owners have done an incredible job of creating a big city feel, matched with a casual environment and have grown the business to over $1 million dollars in revenue in three years. The restaurant caters to executives and local residents. There is a tremendous opportunity to leverage out on cash flows and growing market.

The restaurant is only open for lunch and dinner seven days per week. A new owner could grow the business through marketing, continued word of mouth growth, and by marketing to Upstate corporations. The restaurant serves high quality foods, including aged steaks, fresh seafood, and market salads, along with wine and other beverages.

The owners have done little advertising; most customers come in by word of mouth. The business has been the recipient of favorable press and news articles. The owners have family that has moved away; they desire to locate to another area. With SBA financing, a new owner could buy with very little cash down!

Building & Property

Building:

6000 sq ft

Monthly Rent:

$9700 per month

Real Estate Available:

No

General Information

Reason for Sale:

Owners Are Relocating

Franchise:

No

Support/Training-

Negotiable

Hours:

Mo-Sa 11a-1a, Su 11a-10p

Year Established:

2004

Financing Provided:

Bank or SBA

Employees:

FT: 36, PT:2

*These figures should be verified by an accountant.

For complete information about this business for sale in SC:

Empire Business Brokers, LLC

Contact: Craig Reimer, 864.238.6854

Empire Business Brokers, LLC
1361 W. Wade Hampton Blvd, Suite F, PMB #253
Greer, SC 29650
864.241.0606 / Fax 864.751.5121

 
 
 
 
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