Exceptional King Street Corner, Growth built in. Favorable Lease

Asking Price$230,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

Inventory$3,000
Included in asking price
FF&E$24,000
Included in asking price
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Exceptional King Street Corner, Growth built in. Favorable Lease


Asking Price$230,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$350,000

Inventory$3,000
Included in asking price
FF&E$24,000
Included in asking price
Business Description
Save thousands versus current lease rates!

Established ice cream shop positioned on the highly coveted corner of Spring and King Street in Charleston County, offering exceptional visibility and foot traffic. This turnkey operation represents a rare opportunity to acquire a premium downtown location at a fraction of replacement cost.

OR, use as an asset sale investment for your winning concept.

Below-market lease rate:
• Lease secured through February 2043 on 5 year renewables.
• Significant lease savings of $25,000-$30,000+ annually compared to market rates

LOCATION & GROWTH POTENTIAL:
• Prime corner position on King Street with exceptional visibility
• Located on popular Airbnb corridor near Charleston's top entertainment venues
• 260 students in building providing consistent daily traffic
• Over 1,500 new residents planned for the street by 2028 in new residential complexes
• High foot traffic area with established tourism and local customer base

Positioned closely to two of the most popular night clubs and two Michelin starred restaurants.

FACILITY FEATURES:
• 1,651 square feet of well-maintained space
• Over 40 seats with professional buildout valued at $400,000. Occupancy of 59
• Liquor license included providing additional revenue opportunities
• Complete FF&E package valued at $75,000
• Inventory included in asking price

This asset sale or existing concept presents an exceptional opportunity to enter Charleston's thriving food service market with significant built-in advantages. The locked-in lease rate alone provides substantial value, with lease savings effectively offsetting a significant portion of the purchase price over the initial years of the lease term. The strategic location positions the business for continued growth as the King Street corridor develops and thousands of new residents start to reside from 2026 to 2028..

Owner willing to provide training to ensure smooth transition if purchasing the ongoing business. Selling due to health considerations.

NO FEE BASED BROKERS or M & A specialists needed. Willing to give a commercial broker a negotiated fee for a buyer.
About the Business
Years in Operation
3
Employees
4 Part-time
An excellent AM and plenty of college students nearby
Facilities & Assets
Established liquor license and occupancy of 59. Plenty of room to grow as there are no day hours.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,651
Rent
$6,773 per month
Lease Expiration
2/28/2043
About the Sale
Seller Motivation
Health
Transition Support
Willing to train if keeping the establshed business.
Listing Info
ID
2528165
Listing Views

Listing ID: 2528165 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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