SOLD – High Volume, Upscale Restaurant SOLD in Upstate SC

Business Summary
This top level restaurant is located in an upscale metropolitan area in the heart of Greenville South Carolina. The owners have done an incredible job of creating a big city feel, matched with a casual environment and have grown the business to over $1 million dollars in revenue in three years. The restaurant caters to executives and local residents. There is a tremendous opportunity to leverage out on cash flows and growing market.

The restaurant is only open for lunch and dinner seven days per week. A new owner could grow the business through marketing, continued word of mouth growth, and by marketing to Upstate corporations. The restaurant serves high quality foods, including aged steaks, fresh seafood, and market salads, along with wine and other beverages.
The owners have done little advertising; most customers come in by word of mouth. The business has been the recipient of favorable press and news articles. The owners have family that has moved away; they desire to locate to another area. With SBA financing, a new owner could buy with very little cash down!

Reference # RG 83103 Upstate, South Carolina

Asking Price: $890,000
Gross Income: $1,002,702(est)*
Cash Flow: $218,727(est)*
Downpayment: 200,000(est)
Real Estate Value: N/A
FF&E: $545,000(approx)*
Inventory: $6000*

Building & Property

Building: 6000 sq ft
Monthly Rent: $9700 per month
Real Estate Available: No

General Information

Reason for Sale: Owners Are Relocating
Franchise: No
Support/Training- Negotiable
Hours: Mo-Sa 11a-1a, Su 11a-10p
Year Established: 2004
Financing Provided: Bank or SBA
Employees: FT: 36, PT:2

For complete information about this business for sale in SC:

Empire Business Brokers, LLC

Contact: Alan Melton

Email:

Empire Business Brokers, LLC
1361 W. Wade Hampton Blvd, Suite F, PMB #253
Greer, SC 29650
Office 864.241.0606 / Fax 864.751.5121

The information and materials in this listing have been provided by the Client. It is to be used for the purpose of evaluating the company as a potential purchase. While the Client believes that such information is accurate, accuracy is not guaranteed, nor should the information be considered complete.  Statements contained in the presentation which cover matters of opinion, whether or not so identified, are that only, and are not representative of fact. No representations or warranties are herein expressed or implied.

Tags: Upscale restaurant for sale, Greenville South Carolina

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