ITALIAN REPO STEAL
Location: South Carolina > Horry County > Myrtle Beach
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $120,000
Gross Revenue: $400,000
Inventory: (Not Included in Asking Price)
FF&E: $80,000 (Included in Asking Price)
Seller Financing: will consider for experienced operator
Business Summary
The former owner of this stunningly beautiful restaurant got behind in his rent and the landlord evicted him and had another experienced operator take it over. It was doing over $400,000 a year in sales and was only open for dinner, Monday thru Saturday. Opening on Sunday and/ or lunch could be huge. The former operator's loss can be your gain as the present operator is looking for a quick sale. He has another restauant and does not want to run two. Here is a great little Italian restaurant with an excellent reputation waiting for the right person to take it to the next level. There is an area on the side that would make excellent outdoor seating. The addition of pizza with delivery is another possibility. It has a long term lease in place for $2500 per month with very modest increases thru 2022! Call quick on this one. It will not last long!
About the Business
Year Established: 2002
Facilities: 1600 s.f. end cap in a high visability center on main road.
Market Outlook and Competition: new housing being built all around. Side road to be widened and straightened
About the Sale
Management Training and Support: 2 weeks
Reason For Selling: Repossession

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Listing Tools
BizQuest ID:908228
Seller ID:MB
Business Listed By
Name:Jim Bunting
Company:The Restaurant Store
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