Bought with Carolina Real Estate Services
$325,000
$365,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
5,000 SqFt
SOLD DATE : 07/31/2020
Key Details
Sold Price $325,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $65
MLS Listing ID 1924692
Sold Date 07/31/20
HOA Y/N No
Lot Size 1.000 Acres
Acres 1.0
Property Description
Motivated Seller Restaurant, all equipment, furniture, fixtures, inventory and business for sale. This profitable restaurant has annual gross sales of +/- seven-hundred thousand dollars and a net income of +/- two-hundred and ninety thousand dollars. Annual gross lease (no NNN) to be assumed by new purchaser at only two thousand five hundred per month for +- six thousand square feet. Restaurant is located in a highly visible location with a traffic count of thirty-two thousand cars per day. The uniquely designed property is very well kept, clean and welcoming. Trained staff and GM in place. Equipment, furniture and fixtures are approximately two-and-a-half years old and have an estimated depreciated value of +/- two-hundred and eighty thousand dollars (based off of seven-year depreciation schedule). This restaurant has not been marketed or advertised and has not utilized GrubHub, DoorDash or similar services, allowing for immediate growth potential. Business is being sold due to owner's current health. Owner financing is available.
Location
State SC
County Horry
Area 27B Murrells Inlet - Horry County
Zoning HC
Interior
Interior Features Storage
Heating Central
Cooling Central Air
Fireplace No
Exterior
Exterior Feature Sprinkler/ Irrigation
Amenities Available Storage
Present Use Restaurant
Building
Entry Level Two
Sewer Public Sewer
Level or Stories Two
Others
Tax ID 12345678910
Security Features Security System,Fire Alarm,Firewall(s),Fire Sprinkler System
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Seller Financing
Special Listing Condition None
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