Current Use by Public Records
- Retail properties & Spaces
Property Details for 370 000!
- Year built
- 2021
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving restaurant in Chapin, South Carolina, presents a unique investment opportunity. Priced at $1,200,000, this 4,992 square foot establishment boasts a lease expiring April 30, 2031 (7-year term) with a monthly rent of $12,480. Built in 2021, the restaurant is fully equipped and ready for immediate operation, representing a turnkey solution for a new owner. The impressive list of equipment includes two walk-in coolers, freezers, extensive stainless steel prep tables and shelving, multiple ovens, grills, fryers, a smoker, a dry-aged meat locker, and ample seating for both indoor and outdoor dining. The interior features 16 high-top chairs, 4 high-top tables, 20 chairs, 16 tables, 14 booths, and 12 barstools, along with two POS systems. The outdoor patio area adds to the appeal, equipped with tables, chairs, and heaters. The restaurant enjoys excellent visibility and is situated in a growing community within Lexington County (zip code 29036). Financial records show a gross revenue exceeding $2,231,435.11 and a cash flow exceeding $371,088.58. This asset sale includes all equipment and furnishings, excluding inventory. A 3D virtual tour is available. The seller is relocating, presenting a compelling reason for the sale. The area's strong schools and high quality of life contribute to a thriving market. This is an exceptional opportunity to acquire a profitable, established restaurant in a desirable location.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chapin
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.3179
- Latitude
- 34.1347
