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Business for Sale Summary

Bar and Grill in Oconee County, SC - 30391

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,restaurant/ cafes
Bar and Grill in Oconee County, SC
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This business has received 35 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $115,000 Down Payment $115,000
Gross Revenues $235,000 Lease Remaining Register Free to View
Owner’s Cash Flow $95,000 Number of FT Employees Register Free to View

Financing

$115,000 Down and

Business Description

Located near a major university, this bar and grill has always been a favorite local spot for sports, karaoke, drinks, fun and food. First established around 40 years ago, the restaurant is located on a major highway with good access and parking. Just over one year ago, when the seller first took over, the present owner invested $150,000 in upgrades to the facility. The bar and grill now features several big screen TVs for sports and a karaoke stage, making it a popular night spot. The menu features traditional American (burgers, wings, etc.), Greek and Mediterranean dishes. All ABC permits in place. Due to the demands of running a separate restaurant, the owner has only been operating this business five nights per week - 5 to 10:00 PM. The new owner could easily expand hours and days of operation to greatly increase volume. Rent on the 4,200 sq. ft. building is only $1,500 per month, with a 13-year lease. Owner only selling due to other business obligations, and will consider some financing. Great opportunity to acquire a growth opportunity, located in an affluent and vibrant part of the state. Call today for more information.

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.