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0 Live And Work Near The Beach. Turn-Key Restaurant For Sale In Myrtle Bch Surfside Beach, SC 29575

OFF-MARKET Retail properties & Spaces Google Maps
1,900 SF
Estimated value
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Property summary

AI-generated overview

This 1,900 square foot restaurant in Surfside Beach, South Carolina, is available for $99,000. Located in Horry County (zip code 29575), this established business boasts a prime location bordering a busy street with thousands of new homes under construction, ensuring high traffic and growth potential. Currently operating as an Italian restaurant, it offers a turnkey operation including all equipment, furniture, fixtures, and recipes. The restaurant comfortably seats 51 guests indoors and has a low monthly rent of $1,900, significantly below market value. The current owner/chef is retiring, presenting a unique opportunity for a new owner to capitalize on the existing clientele and expand operations. The current hours are 4:00 PM to 9:00 PM, Monday through Saturday, leaving ample room to increase revenue by extending hours and adding lunch service. The sale includes a six-burner stove, five stainless steel tables, two freezers, two refrigerators, two cappuccino machines, three microwaves, two countertop convection ovens, a coffee maker, a three-compartment sink, a hand sink, a sandwich unit, two steamers, two large shelves, an espresso bar, two conduction burners, a TV, an outside mop sink, ten extra wood chairs, two highchairs, and numerous small wares. The seller is offering two weeks of support for a smooth transition. This is an exceptional opportunity to own a profitable restaurant in a rapidly growing area with a low rent and high potential for increased sales. The business has been operating for five years and currently employs three people. Gross revenue is $160,800. The sale is an asset sale, not including real estate. Seller financing is not available.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,900 SF

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

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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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