Listing ID: 69987
Charleston, SC most coveted location…Downtown Charleston! This UPSCALE Cafe is in the heart of Charleston Business Shopping, Lodging and Dining Hub! Short walks to King St, Museums, Upscale Residences and Hotels.
This beautiful cafe is turnkey and ready for a multitude of concepts. You can own this modern, beautiful restaurant in the absolute EPI-Center of the #1 City in the World for a fraction of the cost to build!
• Asset Sale!
• Approximately 1800 sq. ft.
• $800k+ Net Sales
• Rent $6000 All In (includes 2 parking spots which are optional)
•Currently operating Breakfast and Lunch Only
•Expand to dinner and watch sales skyrocket!
•Add UberEATS, Door dash etc and watch sales skyrocket even more!
• Heart of Charleston Business, Shopping, Lodging and Dining Districts
• Steps to King, Museums, Hotels, Upscale Residences and More
• Location Second to None
• Very Few Opportunities like this in Charleston
• 2nd Generation Space that is this new is very rare!!
• Avoid impact fees and permitting get this Beautiful 2nd Generation Space!!
• Long Term Lease in Place
• Beautiful Big Outdoor Dining Patio
• Clean Books & Records
• Turn Key and Ready for New Owner or Bring Your Concept…
• Fully Stocked and Equipped Kitchen
• Pride of Ownership Runs Through this Beautiful Cafe…
Offered at only: $189,000
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase
- Asking Price: $189,000
- Cash Flow: N/A
- Gross Revenue: $800,000
- 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 decide to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 completely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or an array of other factors. This is why it is very vital that you not depend completely on a vendor's word, however rather, make use of the seller's answer along with your total due diligence. This will repaint a much more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover items such as stock, payroll, accounts payable, etc. Remember that sometimes this can suggest that profit 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 additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new clients? Often times, companies have repeat clients, which form the core of their daily earnings. Particular factors such as new competition sprouting up around the area, road building, and personnel turn over can impact repeat clients and negatively impact future incomes. One essential point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A last idea is the general area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical home earnings impact future earnings potential?