000 Owner Profit Charleston, SC 29401
- Retail properties
- 3,177 SF
Current Use by Public Records
- Retail properties
Property Details for 000 Owner Profit
- Year built
- 2019
- Property size
- 3,177 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This turnkey restaurant presents a remarkable opportunity for a savvy investor. Boasting $1.8 million in 2024 sales and over $340,000 in owner profit, this well-established business is poised for continued success. The 3,177 square foot space features a fully equipped commercial kitchen, including a large vent hood, grease trap, walk-in cooler and freezer, three fryers, a six-burner cooktop with flat top, and a beer tap system. The dining area comfortably seats 99 indoors, with an additional 100 seats available on the covered patio. A full liquor license is in place. The current lease, expiring October 31, 2036, offers two five-year renewal options with only 3% annual rent increases. The monthly rent is $8,400 plus CAM, representing less than 8% of sales. The restaurant benefits from a prime location on a major thoroughfare with over 15,000 vehicles passing daily, situated near significant medical and retail developments, and within reach of 12,000+ homes, with new communities under construction. The unique concept and friendly service attract a diverse clientele, including Charleston's 8 million annual tourists. Marketing costs are kept low, under 2.5% of sales, through effective advertising and social media campaigns. The sale includes all equipment and furnishings, as detailed in the inventory list. The business is not located in Charleston proper
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -79.9249
- Latitude
- 32.7791
