Listing ID: 70022
Tap into one of the most PRIME Downtown Locations in Charleston, SC!
This big cash flowing breakfast / Lunch Cafe may be small in size but it’s big in
Potential! Posting HUGE Sales almost $800k Breakfast and Lunch only 6 days a week!
Just steps from upscale King St Shopping, Hotels, Tourist Attractions and the College of Charleston Campus!
Keep the current concept or bring your own. Suitable for a
multitude of fast / quick concepts!
This prime location will work for almost any concept!
**$800k Sales Breakfast and Lunch Only!** Add Dinner Service and watch it Sky Rocket!
• Building & Business for $1.2MM
•Approx. 1100sq. ft.
• Great Quality of Life Ownership
• Extend hours of Operation and watch Sales and Profits SKY ROCKET!
• Add Delivery and Online Options
• Rent only $1600 a month All In for Prime Downtown Location! (Up for renewal now)
• Approved Grease Trap in place
*Full working kitchen with Hood
• Heart of Charleston Business, Shopping, Lodging & Dining Districts
• Steps to C of C, King St, Museums, Hotels, Upscale Residence & More
• Cute Build Out
• Location Second to None
• Very Few Opportunities like this in Charleston
• 2nd Generation Space that is this in great shape is very rare!!
• Avoid impact fees and permitting get this 2nd Generation Space!!
• Beautiful Area
• Turn Key and Ready for New Owner
• Fully Stocked and Equipped for Current Concept
• Pride of Ownership Runs through this Beautiful Restaurant
Building & Business for $1.2MM
Information deemed reliable but not guaranteed.
Buyer to verify all information prior to purchase.
- Asking Price: $1,200,000
- Cash Flow: N/A
- Gross Revenue: $830,000
- 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 kinds of reasons why individuals decide to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 absolutely different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is really important that you not count absolutely on a seller's word, however rather, use the seller's response combined with your overall due diligence. This will paint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that earnings margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Particular factors such as new competition sprouting up around the location, roadway building, and personnel turn over can affect repeat clients as well as negatively impact future revenues. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to construct a returning consumer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional median family earnings influence future revenue potential?