Popular restaurant for sale including Real Estate!
Asking Price: | $1,650,000 |
Gross Revenue: | $1,300,000 |
FF&E: | $150,000 |
Established Year: | 2014 |
Cash Flow: | $140,000 |
EBITDA: | $110,000 |
Real Estate: | $1,100,000 |
Extraordinary opportunity to purchase a well-established restaurant and property located in the high growth area at the Hwy 22 and Hwy 90 corridor located minutes from the beach. Salt Water Grille is known for its relaxed atmosphere and excellent food. Currently lunch and dinner are served daily to locals and tourists alike offering a lunch buffet of home cooked classics complemented by a full dinner menu. The current business includes a bar with live entertainment and well attended happy hours. In addition to the well-maintained structure itself, the kitchen is extremely well equipped including two large walk-in coolers (see attached equipment list and photos). All FF&E are included with the sale. This is an owner-occupied restaurant on a property consisting of 4,994 sq ft. structure with nearly 150 feet of highway frontage on highly traveled Hwy 90 with ample parking. The area has seen extensive growth in recent years which is anticipated to accelerate due to new developments in close proximity. Conveniently located less than 10 minutes from Main Street North Myrtle Beach or Tanger Outlets on Hwy 17. The land itself is positioned as an excellent asset to add to any portfolio. There are several local communities and businesses
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