Eager to buy a restaurant in South Carolina? Check out this page for more information on the state, and then browse all our South Carolina Restaurants for Sale down below. Take advantage of our free resources and tools, too, so that you are fully prepared for a smooth restaurant purchase!
There are more than 5 million residents in South Carolina and almost 2 million households. As of 2019, the GDP of South Carolina was $213 billion. Between 2013 and 2018, the state had the nation's 11th largest GDP growth during that period. In 2022, it was listed as the 23rd most business-friendly state in the union, which is good news for the restaurateur looking to invest in South Carolina Restaurants for Sale. Even more impressive, the economy overall was ranked as the 13th best economy in the Union.
South Carolina is historically known for its southern cuisine and hospitable menu prices. most notably, the state is recognized as one of the birthplaces of that good ol' southern barbecue. The 187 miles of coastline in the state also make or a great place to host a restaurant serving up delicious seafood cuisine, especially oysters, shrimp & grits, and crab legs. Peaches are another popular food item in South Carolina. In 2021, the state produced 874,000 tons of peaches—that's more than double the peach production in Georgia!
South Carolina Restaurants are also nationally known for being among the best places to eat. In 2022, a Forbes Travel Guide report two restaurants as some of the most outstanding places to eat in the world.
In 2022, South Carolina Restaurant revenue was $14.21 billion- an increase of $0.56 billion from 2019. The South Carolina restaurant industry employs about 189,000 people, which is nearly 11% of the state's workforce.
Much of South Carolina's economy is bolstered by its tourism industry. South Carolina welcomed more than 25 million visitors in 2019 who spent $20 billion while visiting the state. Tourists visit South Carolina to see places like Myrtle Beach, Hilton Head Island, and the historic city of Charleston. As South Carolina's largest city, Charleston, is known as one of the best foodie towns in the South and is home to a variety of restaurants. Visitors can find every concept from vegan, to seafood, to gourmet desserts and more. Pre-pandemic, Myrtle Beach had more restaurants per capita than even major tourist cities like Paris and New York City. In fact, there were only 5 cities in the across the globe that had more restaurants per capita than Myrtle Beach. South Carolina Restaurants are obviously a huge part of the state's economy and culture. Are you ready to own one of those restaurants?
Whether you're looking for a traditional Southern BBQ joint or an ethnic eatery, you're sure to find a South Carolina restaurant that suits your taste. Or, perhaps you have a new concept that you are ready to try in this market. Spend some time browsing our listings down below. Read also our Free Guide to Buying a Restaurant to get started.
If you're interested in buying a South Carolina restaurant, we can help. We have a wide selection of restaurants for sale in South Carolina, and our experienced team can guide you through the process of purchasing a business. We can also connect you to Restaurant Financing resources if you need assistance purchasing the restaurant of your dreams!