Property summary
This established Charleston bar and restaurant is a turnkey opportunity for a savvy investor. Boasting over $1.2 million in annual sales (limited service), this 1,900 square foot space offers a unique blend of upscale ambiance and lively energy. Located in the heart of Charleston's bustling foodie scene, it benefits from significant foot traffic from both tourists and locals. The current menu features a specialty wine bar, local brews, craft cocktails, mocktails, and gourmet shareable plates, serving 62 guests comfortably. The warm, inviting décor and strong social media presence (nearly 10,000 followers and over 6,000 email subscribers) drive consistent private bookings and create a buzz. Three dedicated off-street parking spaces are a significant advantage in this busy area. The lease expires November 29, 2024, with a three-year option available. The sale includes all furniture, fixtures, and equipment (a complete list will be provided during due diligence), along with a fully trained staff. Significant growth potential exists by expanding service hours to include breakfast or brunch, capitalizing on the nearby hotels and Airbnbs. Current sales are trending upward due to recent expansion of DoorDash services and weekend brunch. The asking price is $299,000, and the monthly rent is $8,822. This is an exceptional opportunity to acquire a profitable and well-established business in a prime Charleston location. The property was built in 2017 and includes equipment such as a stand-up fridge, lowboy fridge, outdoor freezer, two convection ovens, two induction burners, a prep table, steamwell, microwave, dishwasher, ice machine, four wine coolers, a beer cooler with four taps, five Enomatic wine dispensers, and a meat slicer.
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