$550,000

123 Any St.

Murrells Inlet SC, 29576

Description

Restaurant business for sale. This profitable, successful, established restaurant has annual gross sales of +/- seven-hundred thousand dollars and a net income of +/- two-hundred and ninety thousand dollars. Annual gross lease (no NNN) to be assumed by new purchaser at only six dollars per square foot. Restaurant is located in a highly visible location with a traffic count of thirty-two thousand cars per day. The uniquely designed property is very well kept, clean and welcoming. Completely turnkey. All equipment, furniture, fixtures and inventory convey. Equipment, furniture and fixtures are approximately two-and-a-half years old and have an estimated depreciated value of +/- two-hundred and eighty thousand dollars (based off of seven-year depreciation schedule). This restaurant has not been marketed or advertised and has not utilized GrubHub, DoorDash or similar services, allowing for immediate growth potential. Business is being sold due to owner's current health. Owner financing is available.

Details

MLS#1924692
StyleIQWeb_Other Business Opportunity
Sub-TypeResale
StatusActive
Days On Site18

Features

Story(s)2
Units1
ZoningHC

Market Activity 29576

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Area Information

StateSC
CountyHorry
CityMurrells Inlet
Zip Code29576
Area27B Murrells Inlet - Horry Count
Listing VS Median (in 29576)
Price:
$550,000
low | high
Med:
$266,000
100% of Average
On Site:
18
low | high
Med:
101
17.821782178218% of Average
Listing Updated: 12/06/2019
MLS Number: 1924692
Listing Provided By:
Mike Ferris  of  Carolina Real Estate Services