Upstate Area, SC

Asking Price: $175,000

Listing ID: GVL0047

Full Service

Sq. Footage: 2,000

Cash Flow: $65000

Total Revenue: $391000

Summary Description

This Upstate Raw Bar has been in business since 2014 and offers one of the most ridiculously attractive leases that you’ll find anywhere in South Carolina. With over 20 years remaining w/ options, the current lease rate is $1,000/month NNN and tops out at $1,900/month NNN in the year 2039.

This restaurant for sale offers tons of upside. 2018 sales revenue of $391,000 was accomplished with Dinner Hours Only) and this downtown area has only just begun to hit its stride!

FINANCIAL ANALYSIS:

Sales Revenue: $391,000     COGS: 45%     Labor: 15%     Total Owner’s Cash Flow: $65,000

For a confidential review … contact your Upstate SC NRP Team!

 

seafood boil platter - National Restaurant Properties

Property Financing

Financing is Not Available for this Property

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