High Volume South Carolina Island Resort Bar for Sale

Contact Seller
Bar for sale in South Carolina where the living is easy and the earnings are goo
Asking Price:
$200,000

Gross Revenue:
$914,181
Cash Flow:
$71,504
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

Resort bar for sale is cranking out $914,000 annually with opportunity for growth. High volume South Carolina island favorite is trending up 20 percent over last year.
Buy this bar for sale and get the only sports themed bar in town. Located in the epicenter of the island with no competition within 15 miles. Online reviews of 4.5 stars offer a picture of the loyal following from locals and tourists alike.
Earnings at this island resort bar for sale offered by We Sell Restaurants was $70,000 on $914,000 in revenue. A new owner operator should be able to grow cash flow with better controls on costs of goods sold. Year to date sales are up 20% compared to this time last year!!!
This bar for sale is the favorite spot for locals and vacationers to enjoy signature cocktails sitting on the patio listening to live music or watching sporting events on one of the 30 TV's. This island resort bar is known for having a laid-back vibe, friendly staff, good food and fun cocktails and was recently voted one of the top 10 restaurants on the island.
The upstairs was just re-branded and renovated which adds additional space for patrons to enjoy a sporting event or space to host larger parties and will generate additional sales and profit for a new owner. Entire complex recently updated to include new façade, new walkway and awnings, newly paved parking lot which offers a clean new look!! Once you have seen the property and experienced the laid-back island feel you will fall in love!
The rent on this 2334 square foot beauty is only $5234 including CAMS and there are 10 years left on the current lease. An occupancy rate all in at only 6.24% of sales is unheard of especially in a resort town. Seating inside for 80 with additional seating outside on the patio for 80 more customers.

About the Business

Year Established:
2007
Number of Employees:
28 PT
Real Estate:
Leased
Building Sq. Ft.:
2,334
Rent:
$5,228.16 Per Month
Lease Expiration:
1/1/2028
Facilities:
Office PC-PoS 400 Dell Office PC Internet 400 HP Office Printer 200 HP 3 office Monitors 500 HP 8 Camera Security 1 800 ZModo 11 TV Cable boxes 2 200 DirecTV 4 routers 600 Triple Play Bar Glassware 1 400 Libbey 12-32inch TV s 5 200 Vizio 13- 42Inch TV s 7 200 Vizio Sony 25 TV Brackets 2 500 NA 5x8 Projector Screen 600 Optoma Office Safe 200 SentrySafe 26 Tables 3 600 Custom 60 Chairs 2 000 NA 12 High Tops 1 200 Custom 62 Bar Stools 3 200 Lancaster Building Sign 1 200 Custom Beer Walk In Cooler 5 000 Custom 2 96Inch heat lamps 1 400 Hatco 5 Ice Bins 1 000 NA 6 Metro Cooler Shelves 1 800 Metro Shelves 2 Liquor Cabinets 400 Custom 8 Outdoor TV Cabinets 1 600 Custom Merch Display Case 600 NA 3 Special Boards 300 NA 4 Dunnage Racks 1 000 NA Electric Steam Table 150 Winco 3 Chaffing Dishes 600 Supreme 11 ceiling fans 1 000 Hunter Hampton Bay Deck Rope Lights 150 NA Outside Marquee Sign 100 Custom Office Furniture 300 Misc Large Outdoor Fire Pit 300 Custom D cor and Neon s 3 500 Misc Upright Cooler DB 1 000 True 8 Ft Upstairs Reach In 2 800 Turbo Air 4 ft Reach In 1 200 Perlick 64 inch Beer Cooler 1 500 Kelvinator Wine Bottle Cooler 600 Beverage Air Wine Bottle Cooler 400 Uline Kegerator Outside 700 True Deli Meat Slicer 100 intertek AC Heat Wall Units 1 200 LG Sonos Music Box 500 Sonos Total FF E Inventory 113 800
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
The only sports bar within 15 Miles
Growth & Expansion:
Just rebranded and opened the upstairs Sports Bar Resulting in 20 increase in Sales YTD
Contact the Seller

About the Sale

Reason For Selling:
Relocation
Training/Support:
yes

Listing Info

ID:
1513919
Ad Detail Views:
395

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Steve Weinbaum

We Sell Restaurants
License# GA SL 365512

 Show Phone Number

View My 37 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Georgetown County, SC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Georgetown County, SC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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 & Conditions.