Forget the startup costs- Takeover Bar with Roof Top and Patio

South Carolina

Seller Financing Available

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Asking Price:$350,000
Inventory:$20,000
FF&E:$30,000
Gross Revenue:$790,175
Rent:$16,990/Month
Established Year:2020
BUSINESS DESCRIPTION

Forget the startup costs- Takeover Bar with Roof Top and Patio

All of the work has been done for you! Downtown location. Beautiful renovation. Multiple stories. Large bar and social area. These improvements have been done to the tune of nearly $1M build out, and you get to take advantage of that. All of this can be yours for less than $600K. You've got 2 options- 1- Keep the current franchise model and you're in for $350,000- Plus Franchise & Royalty Fees. 2-Bring your own concept and get $1M of assets and buildout for $550,000. You've got freedom to choose, and the ability to launch & build your own thriving restaurant/bar in the fastest growing part of the state. Greenville is THE Place to be in business.

The staff is in place. The customers are already coming. All this place needs is an owner actively involved in the day to day operations, promoting in the community, and connecting to the customers to build on the nearly $800,000 in revenue.

The sales are derived from beverage sales, and event sales. With nearly 7700 ft.², private parties, and events is the biggest untapped opportunity of the operation.


DETAILED INFORMATION
Location
South Carolina
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,700
Lease Expiration
13/07/2029
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: NNN Facilities: NNN Lease. 3 Story facility with indoor and outdoor space in a new building, local parking, other restaurants to draw traffic, nestled in the booming West End of Greenville, steps from the stadium, and just a few blocks from 3 large apartment complexes, townhomes, and neighborhoods. FF&E Overview: Over 36 Tap Pour system. Seating areas with tables, chairs, benches, decor, lighting, checkin-counter, Seating 150+-, high tops, low tops, gameboards- tabletop shuffleboard, hoops, cornhole, Multiple TV's.
Competition
Outside of self-pour the business separates itself with the customer experience, partnering with local businesses and organizations locally to host events and enjoy the high touch customer service. The event space rental business opportunity is a huge potential growth area.
Growth & Expansion
There is incredible growth potential with a local owner driving events and community relationships. Add to this the continued growth of the Downtown/Westend of Greenville and the stars align for a great future.
Financing
Owner Terms:$150,000.00 Interest:10% Term Months:36 Monthly Payment:$4,840.08
Support & Training
Number of Weeks Seller Will Offer Training: 1
Reason for Selling
Many other businesses to run
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JT
Jim Tatem
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JT Jim Tatem