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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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