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Property profile

0 Established Franchise For Sale In Spartanburg Sc Spartanburg, SC 29306

OFF-MARKET
Retail properties & Spaces
1,600 SF
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Property summary

AI-generated overview

This established restaurant franchise in Spartanburg, SC, presents a unique opportunity for immediate ownership. Priced at $179,000, this turnkey operation boasts 1,600 square feet of space, comfortably seating 42 guests. The current lease, expiring October 30, 2027, offers a five-year term with a monthly rent of $3,375. The sale includes a comprehensive inventory of equipment, such as two convection ovens, a deli make table, refrigeration units, multiple sinks (including a three-compartment sink), a freezer chest, POS systems, and ample seating (including highchairs). The restaurant benefits from high visibility in a thriving Spartanburg market, characterized by a strong economy, a skilled workforce, and a business-friendly environment. The franchise offers established brand recognition and a loyal customer base, minimizing the start-up challenges of a new venture. Eight employees are currently in place. While inventory is not included in the asking price, the business is ready for immediate operation. This is an exceptional opportunity to acquire a profitable, established restaurant without the lengthy process of building from the ground up. The franchise provides ongoing support, ensuring a smooth transition and continued success. The seller is motivated and ready to facilitate a swift transfer of ownership.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,600 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Established Franchise For Sale In Spartanburg Sc Spartanburg, SC 29306
Spartanburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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