Newly Renovated Restaurant for Sale in Historic Spartanburg Building

Asking Price$339,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$796,759

InventoryNot Disclosed

FF&ENot Disclosed

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Newly Renovated Restaurant for Sale in Historic Spartanburg Building


Asking Price$339,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$796,759

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Bring your restaurant vision to life with this second generation Restaurant for Sale in Spartanburg, South Carolina. Offered by We Sell Restaurants, this newly remodeled location provides approximately 5,500 square feet of space with seating for 84 guests inside plus dedicated patio seating for 18. Located in a historic building, the restaurant combines character with a spacious, functional layout ready for a new operator to bring their own concept and make the space their own.

The interior offers plenty of flexibility with a generous bar area, open dining space, and room that can be configured for private dining, special events, or additional seating. Adding even more opportunity, two floors are available, giving a new operator the option to expand their primary concept or create a complementary experience upstairs, such as a wine bar, private event space, or lounge. The second floor also features its own dedicated front entrance, providing additional flexibility for how the space can be used. The newly remodeled setting gives an incoming operator an attractive starting point without taking on the time and expense associated with building a restaurant from the ground up.

The Restaurant for Sale's kitchen is equipped with the infrastructure needed for a variety of restaurant concepts. Equipment includes an 11 foot hood, two six burner ranges with ovens, charbroil grill, salamander, single vat fryer, multiple two door undercounter coolers, prep tables, mixers, slicer, three compartment sink, and hand sinks. Additional equipment includes a landlord maintained 8 by 11 foot walk in cooler, ice maker and bin, espresso machine with grinder, wire shelving, POS stations, and front of house furniture.

Monthly rent is $6,852 including CAM for approximately 5,500 square feet. The current lease runs through April 2035 with options available, giving a new operator the opportunity to secure a long term location. Street parking and nearby public parking provide additional convenience for guests.

With its large footprint, dedicated patio, historic character, and extensive restaurant infrastructure already in place, this Spartanburg Restaurant for Sale offers the flexibility to accommodate a wide range of concepts. The availability of a second floor with a dedicated entrance creates even more possibilities to expand the concept, add another revenue stream, or create a distinct experience within the same location. Bring your own menu, branding, and vision to the space and make it yours.

Priced at $339,000, this second generation Restaurant for Sale provides an opportunity to step into a newly remodeled space while avoiding many of the costs and delays associated with a new buildout. Contact We Sell Restaurants today to learn more and schedule a confidential showing.

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About the Business
Years in Operation
1
Employees
9 (7 Full-time, 2 Part-time)
Facilities & Assets
Host Station, 9 Barstools, Server Station, 2 POS stations, 1 Ice Bin, 2 Hand Sinks, 3 Two Door Undercounter Cooler, 9 Wire Racks, 25 Tables, 76 Chairs, Lobby Table, Privacy Partition, 8 SS Tables, 1 Espresso Machine, 1 Bean Grinder, 1 Ice Maker and Bin, 1 Chest Freezer, 1 Hand Sink, 3 Two Door Undercounter Coolers with Overshelves, 1 Ice Bin, 1 Butcher Block Prep Table, 1 Single Vat Fryer, 2 Six Burner Range with Ovens, 1 Charbroil Grill, 1 Salamander, 1 Blender, 1 Sandwich Press, 1 Slicer, 1 Food Storage Rack, 1 Three Compartment Sink, 2 Mixers, 1 Co...
Website
Show Website URL
Market Outlook / Competition
Spartanburg has a competitive restaurant market with a mix of national chains, regional brands, and locally owned concepts. Competition is strongest in established commercial areas and around Downtown Spartanburg.
Opportunities for Growth
Spartanburg benefits from continued residential and commercial growth, a diverse employment base, and convenient access to I-85 and I-26. The area draws a mix of local residents, commuters, students, and visitors, creating demand across a variety of restaurant concepts and price points.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,500
Rent
$6,852 per month
Lease Expiration
4/30/2035
About the Sale
Seller Motivation
Retirement
Transition Support
N/A
Listing Info
ID
2553519
Listing Views
7

Listing ID: 2553519 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.