For Sale
$895,000

000 Owner Profit Charleston, SC 29401

Established eatery, high profits, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This turnkey restaurant presents a remarkable opportunity for a savvy investor. Boasting $1.8 million in 2024 sales and over $340,000 in owner profit, this well-established business is poised for continued success. The 3,177 square foot space features a fully equipped commercial kitchen, including a large vent hood, grease trap, walk-in cooler and freezer, three fryers, a six-burner cooktop with flat top, and a beer tap system. The dining area comfortably seats 99 indoors, with an additional 100 seats available on the covered patio. A full liquor license is in place. The current lease, expiring October 31, 2036, offers two five-year renewal options with only 3% annual rent increases. The monthly rent is $8,400 plus CAM, representing less than 8% of sales. The restaurant benefits from a prime location on a major thoroughfare with over 15,000 vehicles passing daily, situated near significant medical and retail developments, and within reach of 12,000+ homes, with new communities under construction. The unique concept and friendly service attract a diverse clientele, including Charleston's 8 million annual tourists. Marketing costs are kept low, under 2.5% of sales, through effective advertising and social media campaigns. The sale includes all equipment and furnishings, as detailed in the inventory list. The business is not located in Charleston proper

Highlights

  • Turnkey restaurant for sale with full liquor license; $1.8M in 2024 sales and over $340,000 owner profit.
  • Profitable quick-casual restaurant with loyal customer base, strong advertising, and unique concept.
  • High-profit bar and restaurant in a prime beach and resort area; no franchise fees.
  • Trendy, high-profit restaurant ideal for a millennial buyer; no franchise fees.
  • Innovative restaurant with strong sales and a loyal customer base.
  • Potential for increased sales by expanding evening hours.

Property Details for 000 Owner Profit

Property type
Retail properties, Restaurants
Square Feet
3,177 SF
Year Built
2019

Location Insight

City
Charleston
County
Charleston
State
South Carolina
Latitude
32.7791432
Longitude
-79.9248669

FAQs

What type of property is this?
Retail property - Established eatery, high profits, prime location.
Where is the retail property located?
The property is located at 000 Owner Profit Charleston, SC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Turnkey restaurant for sale with full liquor license; $1.8M in 2024 sales and over $340,000 owner profit.; Profitable quick-casual restaurant with loyal customer base, strong advertising, and unique concept.; High-profit bar and restaurant in a prime beach and resort area; no franchise fees.
How can I contact the broker?
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000 Owner Profit
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