Incredible Price Slash, Turn-Key Restaurant for Sale near I95

Summ, SC
listing image
Asking Price:$80,000
Gross Revenue:$469,491
Established Year:2018
Cash Flow:$1
Rent:$5,000/Month
BUSINESS DESCRIPTION

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Reduced to an incredible $80,000, at a prime location 2 miles off I95, along with top Trip Advisor and Yelp recommendations, this established Dorchester County Restaurant for Sale boasts 4+ star reviews that draw key north- and southbound travelers 7 days a week. As the only full service, upscale eatery and bar for over 20 miles it's an ideal rest or overnight stop with zero local competition. Full American fare menu offers multiple dining options — lunch, brunch, and dinner — inside and out. The pergola patio is pet friendly too!
This Restaurant for Sale comprises 5,000 square feet of full service areas: first-floor bar and dining area with adjoining cafe, climate-controlled enclosed patio, additional pet-friendly covered patio, second-floor event space with a bar, and on- and off-site catering.
Forget worrying over the need to buy expensive new equipment, this impeccable Restaurant for Sale is truly turn-key: 12-foot vent hood, fryer, flat top, six-burner gas stove, oven, walk-in cooler and freezer, and all furniture, fixtures, and equipment needed to seat and serve over 130 patrons.
The base rent for this Restaurant for Sale is only $12 per square foot ($5,000 per month) with two 5-year lease options remaining. Seasoned staff are in place with 3 full-time and 10+ fully trained part-time staff. Alongside the owner, there are two managers who assist front and back of house responsibilities. A third manager handles office duties such as payroll, bill payments, staff schedules, social media, catering inquiries, and event setups.
Growth and expansion are on the cusp of exploding in this small southern town. The new Google Data Center has broken ground just 3 miles away; future employees want a place to sip, savor, socialize, and be entertained. Add the 300+ coming soon DR Horton homes and you've got a major growing target audience - especiallly since this Restaurant for Sale is the only full service, upscale eatery and bar for over 20 miles.
NOTE: The restaurant is located in a town within 30 miles of Summerville, in Dorchester County; for confidentiality purposes we cannot disclose the actual city. Precise location will be reveal after signing our Confidentiality Agreement.
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DETAILED INFORMATION
Location
Summ, SC
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
30/04/2025
Employees
17
Facilities
MAJOR EQUIPMENT New POS Order Counter system with 3 new touch screen stations One 12 foot vent hood One 36 inch flat top grill One 21 and a half inch gas grill One 36 inch 6 burner gas stove with oven Two Avantco 14 inch double basket fryers One 54 inch two door true refrigerator One 3 foot chef base freezer One 37 inch Avantco chef base refrigerator One 32 inch stand up freezer One Walk in cooler and freezer One Hoshhizaki ice machine One 6 foot avantco refrigeration line prep station One 5 foot Avantco salad prep station Two stainless steel prep tables One 3 bay Servewell warmer One Super System stand up oven and warmer One Amana commercial microwave One Robot Coupe with attachments One Meat Slicer One Commercial waffle iron One Hatco bread toaster One Merrychef One 2 bay soup warmer One SEMF 20 stand up mixer One Bunn Tea brewer One Rectec BFG smoker One leased Ecolab dish washer Buyer must arrange for takeover of lease or have dish washer picked up by leasing company MISCELLANEOUS Cookware and serving ware and small wares and utensils as seen during Due Diligence inspection which may include some or all of the following, Five 30 to 40 quart pots Five 5 to 6 quart pots 10 half pans 15 full pans 12 flat baking pans Eight one quarter pans Ten one sixth pans 9 dish pans Two 12 inch frying pans Five 6 inch frying pans 60 round serving plates 30 long serving plates 30 saucer plates 40 bowls 20 small serving plates All utensils needed to operate Baking pans, cheese cake pans ENTRY DINING AND BAR 13 tables inside 46 chairs inside 5 bar tables inside 25 bar stools inside FIRST FLOOR BAR 5 foot Avantco 4 beer tap refrigerator 4 foot avantco refrigerator 1 single beer tap refrigerator 26 inch Avantco beer mug freezer 2 ice coolers Two 80 inch TVs SECOND FLOOR EVENT SPACE and BAR 55 chairs with tables 3 bar stools 6 foot prep table Ice chest 4 burner electric stove whirlpool 2 door Avantco refrigerator chest Beer glass freezer Tabco 4 bay electric food warmer One 80 inch TV Three Christmas Trees and ornaments OUTDOOR PATIO AND DINING SPACES 12 tables 54 chairs 13 bar stools Avantco Single bar tap refrigerator Two 72 inch TVs ADJOINING SUSHI BAR Nuova espresso machine Espresso bean grinder Fetco coffee bean grinder 2 bay Avantco 4 foot display refrigerator Avantco 4 foot refrigerator Rice Cooker Miscellaneous Small wares such as bowls and plates and utensils
Competition
Fantastic location within 2 miles of I95. Few restaurants in the immediate area; no other restaurant bar concept like it within 30 miles; full food and drink menu including connected sushi bar; outdoor seating includes covered/heated, open air, and pet-friendly; full service event space with on- and off- site catering.
Growth & Expansion
*Grow sales with expanded hours like Sunday brunch beyond 11-2, nighttime events after 9pm, and specialty sushi catering. Explosive manufacturing and warehousing growth between I95 and I26 corridors.
Support & Training
Flexible, request with offer
Reason for Selling
Health
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Bernie
Bastian
We Sell Restaurants
Bernie Bastian