Sales Over $2 Million Thriving Restaurant For Sale With Real Est Newberry, SC 29108
Exceptional opportunity to acquire a thriving restaurant and its accompanying real estate in Newberry, South Carolina. This established business, built over 40 years, boasts impressive sales exceeding $2 million projected for 2024, with a projected owner benefit surpassing $190,000. The 3,555 square foot restaurant, built in 1976, is fully equipped with a comprehensive range of updated equipment including a 10-foot hood, walk-in cooler and freezer, holding cabinets, convection oven, multiple storage shelves, prep tables, POS systems, and ample seating for 85 patrons (including booths, tables, and chairs). The sale includes a substantial inventory of kitchen equipment, such as multiple prep tables, stoves, fryers, grills, a dishwasher, and various other essential items. The restaurant has a loyal customer base and is situated in a prime location with potential for growth. The asking price of $1,600,000 includes the real estate. Inventory is not included in the asking price. The seller is retiring and offering support during the transition. This turnkey operation presents a rare opportunity for a new owner to step into a successful and established business. The restaurant currently employs 30 people. While the lease terms are not specified, the real estate is included in the asking price. SBA lending may be available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.