Introducing an exceptional opportunity for an established Charleston area Restaurant and Bar for Sale on prime thoroughfare with low low rent of only $1373/mo all-in. This thriving venture is projected to hit $700,000 in 2023 sales, generating a remarkable 20% owner cash flow — that’s a substantial $140,000 in your pocket! Step into success with strong financials that qualify for SBA lending, requiring as little as 15% down payment for eligible buyers.
Situated along a prominent corridor to local beaches and tourist hotspots, this Restaurant and Bar for Sale is riding a decade-long wave of triumph.
• Local population surged by over 110% since 2000
• Bustling area construction sells homes at a median price of $600,000
• Destination Tourism draws 7+ million visitors
• Average daily drive-by traffic grew to 18,500 in 2022, a 15% jump over 2 years
Backed by the expertise of the Certified Restaurant Brokers at We Sell Restaurants, this turn-key Restaurant and Bar for Sale is set for a smooth transition and seamless operations. Patrons enjoy weekly specials and diverse selections from the bar and in-house menu spanning southern fare and globally inspired favorites: innovative appetizers, soups, salads, light entrées, craft sandwiches, and desserts. This dynamo establishment generates additional revenue from convenient online ordering, take-out, a catering division, private parties, pop-up events, and a small retail component.
Seating 36 guests indoors and 8 outdoors within its 1000+/- square feet, expandable bonus space is available for more outdoor seating or potential food truck utilization. An unheard of $1323 monthly rent — less than 3% of gross sales, including CAMs!!! — means you take home more profit. The lease at this Restaurant and Bar for Sale extends until September 2027; two additional five-year options are available. The Charleston Team’s Certified Restaurant Brokers can assist in your temporary use of the existing beer/wine license until you secure your own. You can easily apply for a full liquor license too.
Live the laid back Lowcountry life: an easy 20-hour owner workweek is afforded by the dedicated team of staff: full-time house manager, 2 line cooks, and 4 floating servers/hostesses. All staff are seasoned, contributing to the friendly environment at this Restaurant and Bar for Sale. The menu and recipes will transfer with the sale, and with the owner willing to train to preserve the restaurant's excellence.
This turn-key Restaurant and Bar for Sale comes complete with everything needed for a profitable, turn-key opportunity; commercial kitchen features essentials such as grease trap, flat top grill, 6-burner cook-top/oven, fryers, vent hood, walk-in, reach-ins, prep counters, Robot Coupe, and more.
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This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.Please click on the tab below to easily acknowledge confidentiality on this Bar for sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Charleston Team at (843) 200-4356
Lease Term: 2, 5
Monthly Rent: $1373 | ,
Indoor Seating: 36
Inside Sq. Ft: 1000+/ | | ,
Hood System: Yes
Neighboring Businesses: Numerous other restaurant and retail shops serving strong, growing residential base and 7+ million annual tourists.
Hours Open: Mon 11am-4pm; Mon 11am-4pm; Tues-Fri 11am-9pm
# of Part-Time Employees: 2
# of Full-Time Employees: 5
Net Sales: $686256.00
Owner Benefit: $143245