Listing ID: 69955
This West Ashley area restaurant is currently operating in the HOTTEST Trending part of Charleston! The West Ashley area is BOOMING! Savvy operators are opening in this area due to demographics and below market value leases.
*GET IN NOW BEFORE IT’S ALL GONE.
This small newly remodeled restaurant is flooded with business and rooftops around it. Plus, ONSITE PARKING!
Keep Current Concept or easily converts to many concepts…Poke,Tex Mex, Pizza, Wings, Bistro etc….
• A+ Location
• Nice Dining Room
• Onsite Parking
• Cute build out
• Location is adaptable to many different concepts
• $3300 per month rent all in
• 1500 sq. ft approximately
• Great Owner Operator Opportunity
• Total Turn Key
• Authentic Up Fit
• All impact fees already paid for
• 2nd Generation means all the heavy lifting and up fit expenses already paid!
• Walk In Cooler
• Walk In Freezer
• Grease Trap in place
• No Hood but pre-approved by LL to add if needed for new concept
Offered at ONLY: $99,000
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
- Asking Price: $99,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. However, the real factor and the one they say to you may be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is really important that you not depend completely on a vendor's word, but rather, use the vendor's response combined with your overall due diligence. This will repaint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too tight. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new consumers? Often times, businesses have repeat clients, which create the core of their daily earnings. Specific variables such as brand-new competition growing up around the location, road building, as well as staff turn over can impact repeat clients as well as adversely influence future profits. One vital point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood median family earnings influence future income potential?