PRICED TO SELL; One of Greenville's most unique food venues with a huge customer base that continues to grow. Seller has other business investment opportunities that needs his full attention. The business is comprised of two different concept limited service restaurants in close proximity, with a skilled manager overseeing both locations. The current owner is an absentee owner which an investment buyer could continue or an operating buyer could step in and run the restaurants themselves, which would add significant cash flow. The sale is priced as an absentee investment, well below 2X SDE for an owner-operator. Neither location sells alcohol, so no worry about the exorbitant insurance premiums and SC liability issues many restaurants suffer from.
- Asking Price:
- $249,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $463,978
- Cash Flow:
- $107,714
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The restaurants operate in two leased facilities in one of Greenville's city center's hottest growth areas. A guaranteed built-in customer traffic flow that continues to grow as the area continues to develop.
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
Growth would be moderate but the opportunity would be continued menu changes and adding more higher ticket options. The continued growth in Greenville, along with these ideal locations, always drives sales to this business. A very unique and limited opportunity for these locations to be on the market, and especially these combined values.
- Competition / Market:
-
This is a great opportunity for an investor to own a solid and well known establishment in Greenville. This type of opportunity does not come up often, and its ownership would be a cool, low-risk asset in your portfolio.
- Reasons for selling:
-
A local absentee owner looking to sell two unique food concepts.
- Trading hours:
-
Monday-Sunday 11am-8pm
- Employees:
- 2 FT/5 PT
- Years established:
- 3
Other Information
- Support & training:
-
Will train for 1 week @ $0 cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$224,100 down/$24,900 over 120 mos. @ 9.25%
- Furniture / Fixtures value:
- $15,000 - included in the asking price
- Inventory / Stock value:
- $4,000 - included in the asking price
