Listing ID: 69957
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 why people choose to sell companies. Nevertheless, the real reason and the one they say to you might be 2 completely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be reasons to try to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is really essential that you not count totally on a seller's word, however instead, use the seller's answer combined with your total due diligence. This will paint a more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that revenue margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Often times, companies have repeat clients, which form the core of their daily earnings. Particular elements such as new competition growing up around the location, roadway building and construction, and personnel turnover can influence repeat customers and negatively affect future profits. One essential point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the better the chance to develop a returning client base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average family earnings impact future earnings potential?