Profitable Upscale Restaurant in Prime Resort Location - Hilton Head
Asking Price: | $1,800,000 |
Gross Revenue: | $1,651,636 |
Rent: | $5,136/Month |
FF&E: | $138,892 |
Cash Flow: | $597,975 |
Inventory: | $18,500 |
EBITDA: | $582,412 |
Established Year: | 2021 |
A Unique Opportunity in the Heart of a Premier Coastal Destination
Are you seeking to acquire a thriving, upscale restaurant in one of the most sought-after resort communities in the United States? This established restaurant, located on the picturesque Hilton Head Island, offers an exceptional dining experience that has earned it the Diners’ Choice Award and a reputation as one of the top-rated restaurants on the island for the past two years.
Key Features:
- Strong Cash Flow: With 2023 cash flow reaching $582K, the business is producing a strong 36% of cash flow to total revenue.
- Prime Resort Community Location: Nestled among world-class golf courses and stunning natural beauty, this restaurant is a favorite for both locals and visitors alike.
- Award-Winning Cuisine: Known for its fresh, seasonal, and gourmet cuisine, this restaurant has a loyal customer base, with 60% of customers being repeat visitors.
- Handcrafted Cocktails and Extensive Wine List: Offers a wide range of expertly crafted cocktails and a well-curated selection of wines.
- Innovative Menu: This isn’t your typical southern seafood joint. The menu features unique, composed dishes that stand out in a sea of fried, broiled, or grilled options, offering a gourmet dining experience that keeps customers coming back for more.
- SBA Pre-Approved: Financing options are available, making this an accessible opportunity for qualified buyers.
Business Highlights:
- Loyal and Diverse Customer Base: Attracts a mix of affluent locals and tourists, ensuring steady year-round traffic.
- Engaged and Loyal Employees: The restaurant is able to run with fewer employees than the typical restaurant due to its upscale pricing. Employees are compensated better than what other restaurants can offer, leading to low turnover and a loyal, engaged, and productive team in both the front and back of house.
- Higher Average Ticket Sales: This restaurant boasts a much higher average ticket size than the typical full-service restaurant, with customers spending an average of $100 per person. Additionally, tables turn over 2.5 times per meal service, driving significant revenue and operational efficiency.
- Proven Marketing Strategy: A combination of print ads, social media, and word-of-mouth drives consistent new and repeat business.
- Growth Potential: Opportunities to expand into catering, open for dinner on Sundays, or even add additional locations.
- Financial Reporting: A robust point of sale system ensures accurate reporting and cash flow management
Turnkey Operation: The current owners have implemented efficient processes, and a well-trained staff is in place, ready to ensure a smooth transition for a new owner.
Why Invest?
This is a rare chance to own a highly profitable and well-established restaurant in a prime location with a proven track record of success. The restaurant's unique concept and dedication to quality have set it apart from the competition, and the growing demand in the Hilton Head area makes this an investment with significant growth potential.
Next Steps:
If you're an individual buyer, an experienced restaurateur, or an investment group looking to add a profitable, upscale dining establishment to your portfolio, don’t miss this opportunity. Contact Michael Moore today to access the confidential business review and learn more about how you can make this exceptional restaurant your own.
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