Listing ID: 69988
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 sorts of reasons individuals resolve to sell businesses. Nevertheless, the true factor vs the one they tell you may be 2 entirely different things. As an example, they may claim "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is extremely crucial that you not count entirely on a vendor's word, however rather, make use of the vendor's response in conjunction with your overall due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new clients? Often times, operating businesses have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competitors growing up around the area, road construction, and personnel turnover can impact repeat clients as well as adversely impact future profits. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional mean home income effect future revenue potential?