Seafood Grille- Est. 1998 in MB | Adjacent to City Redevelopment

Asking Price$120,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

InventoryNot Disclosed

FF&E$25,000
Included in asking price
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Seafood Grille- Est. 1998 in MB | Adjacent to City Redevelopment


Asking Price$120,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$250,000

InventoryNot Disclosed

FF&E$25,000
Included in asking price

Seller Financing Available
Business Description
Great opportunity for a Chef or new restaurateur to start a career!
This long-standing, locals favorite enjoys a big repeat clientele with MB government, municipal employees and the professional lunch crowd in Myrtle Beach. The unique, one-of-a-kind eatery is located in a prime location, adjoining the upgrades of the current city redevelopment projects. Tourists love the close proximity to the hotels in MB for dinner, and come back year after year. This is a well-established brand that has been loved by tourists and locals since 1998, and is a proven concept and restaurant model in downtown MB. This is a unique offering in the area, and is positioned well for the next operator seeking to invest in the future of the brand and the downtown area revitalization. The future is here and happening now in MB! This is a great, affordable opportunity for a Chef or new restaurateur looking to leverage business ownership, while making a nice salary and building for the future!
About the Business
Years in Operation
28
Employees
3 Full-time
Facilities & Assets
Restaurant is in a rapidly changing district in downtown Myrtle Beach, adjacent to the City's current revitalization and redevelopment work. Located in close proximity to the beach and downtown hotels, the location is expected to benefit from future municipal upgrades and the repositioning of downtown MB, into the future. It is an established, specialized seafood grille eatery with a relaxed urban vibe that the loyal customer base returns to experience again and again!
Market Outlook / Competition
This restaurant has been consistently a leader in fish and seafood served sautéed or hot off the grille in downtown Myrtle- just ask the municipal govt. and professional customers that come in every week for lunch! Very few restaurants have been in business successfully in one location, for this amount of time. This is a proven platform for scaling into the future and Seller states the Landlord in the current location is local and amenable. The Lease Agreement is favorable, with long-term renewal options in place.
Opportunities for Growth
Buyers will love the online ratings, brand awareness, and long-term lease renewal options! Seller states there is a wide range of options for expansion off of the base concept in this location.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,200
Rent
$1,965.00 per month
About the Sale
Seller Motivation
Seller seeks to pursue other interests, after a long and successful run!
Transition Support
Seller seeks to facilitate a seamless transition, and will provide training and support as required for a smooth transfer.
Financing Options
Seller will consider financing a portion of purchase price, for qualified buyers.
Listing Info
ID
2471208
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Business Listed by: Rob Lewis DEPLOY Business Advisors, Inc.

Listing ID: 2471208 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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