2 Miles Off I95 Summerville, SC 29485
This exceptional, turn-key restaurant and event space, located just two miles from I-95 in Summerville, South Carolina, presents a unique investment opportunity. Boasting 5,000 square feet, the property includes a full-service restaurant with a bar and adjoining café, a climate-controlled enclosed patio, and a pet-friendly covered patio. A second-floor event space, complete with its own bar, offers additional revenue streams through on- and off-site catering. The restaurant features a full American fare menu, serving lunch, brunch, and dinner, and enjoys high ratings on TripAdvisor and Yelp, attracting both local and interstate travelers. Weekly entertainment, including live music, trivia nights, and karaoke, enhances the customer experience. The fully equipped kitchen includes a 12-foot vent hood, fryer, flat top, six-burner gas stove, oven, and walk-in cooler and freezer. All furniture, fixtures, and equipment are included, allowing for immediate operation. The current lease has one year remaining with options for renewal. The monthly rent is $5,000, representing a base rent of $12 per square foot. The business benefits from a strong team of 17 employees, including three full-time and ten-plus part-time staff, along with two managers for front- and back-of-house operations and a dedicated office manager. The asking price is $150,000. The property's strategic location near I-95, coupled with the recent development of a Google Data Center and the upcoming construction of 300+ homes, positions it for significant future growth. This is a rare opportunity to acquire a well-established, profitable business with substantial expansion potential. The business generated $469,491.17 in net sales. The seller is motivated to sell due to health reasons.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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