Viewing Listing MLS# 1924692
Murrells Inlet, SC 29576
- HCZoning
- 5,000SqFt
- 1Units
- N/ASale/Rent
- N/AWet Lands
- 1.00Acres
- MLS# 1924692
- Commercial
- Retail
- Sold
- Approx Time on Market8 months, 11 days
- AreaMurrells Inlet - Horry County
- CountyHorry
- SubdivisionN/A
Overview
Motivated Seller Restaurant, all equipment, furniture, fixtures, inventory and business for sale. This profitable restaurant has annual gross sales of +/- seven-hundred thousand dollars and a net income of +/- two-hundred and ninety thousand dollars. Annual gross lease (no NNN) to be assumed by new purchaser at only two thousand five hundred per month for +- six thousand square feet. Restaurant is located in a highly visible location with a traffic count of thirty-two thousand cars per day. The uniquely designed property is very well kept, clean and welcoming. Trained staff and GM in place. Equipment, furniture and fixtures are approximately two-and-a-half years old and have an estimated depreciated value of +/- two-hundred and eighty thousand dollars (based off of seven-year depreciation schedule). This restaurant has not been marketed or advertised and has not utilized GrubHub, DoorDash or similar services, allowing for immediate growth potential. Business is being sold due to owner's current health. Owner financing is available.
Sale Info
Listing Date: 11-19-2019
Sold Date: 07-31-2020
Aprox Days on Market:
8 month(s), 11 day(s)
Listing Sold:
3 Year(s), 10 month(s), 17 day(s) ago
Asking Price: $550,000
Selling Price: $325,000
Price Difference:
Reduced By $40,000
Agriculture / Farm
Grazing Permits Blm: ,No,
Horse: No
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Irrigation Water Rights: ,No,
Farm Credit Service Incl: ,No,
Crops Included: ,No,
Association Fees / Info
Hoa: No
Assoc Amenities: Storage
Bathroom Info
Building Info
New Construction: No
Num Stories: 2
Levels: Two
Mobile Home Remains: ,No,
Zoning: HC
Building Features: HandicapAccess, KitchenFacilities, PoleSign, PublicRestrooms
Buyer Compensation
Exterior Features
Spa: No
Exterior Features: SprinklerIrrigation
Financial
Lease Renewal Option: ,No,
Business Name: Non-Disclosure Required
Garage / Parking
Garage: No
Carport: No
Open Parking: No
Attached Garage: No
Interior Features
Fireplace: No
Interior Features: Storage
Lot Info
Lease Considered: ,No,
Lease Assignable: ,No,
Acres: 1.00
Land Lease: No
Misc
Pool Private: No
Offer Compensation
Property Info
County: Horry
Current Use: Restaurant
View: No
Number of Units Total: 1
Senior Community: No
Stipulation of Sale: None
Habitable Residence: ,No,
Property Sub Type Additional: Retail
Property Attached: No
Security Features: SecuritySystem, FireAlarm, Firewalls, FireSprinklerSystem
Rent Control: No
Room Info
Basement: ,No,
Sold Info
Sold Date: 2020-07-31T00:00:00
Sqft Info
Sqft: 5000
Tax Info
Tax Legal Description: Restaurant
Unit Info
Utilities / Hvac
Heating: Central
Cooling: CentralAir
Electric On Property: No
Cooling: Yes
Sewer: PublicSewer
Heating: Yes
Waterfront / Water
Waterfront: No
Directions
South Strand areaCourtesy of Carolina Real Estate Services - pkennedy@carolinarealestateservices.com
Featured Lender
Mortgage lender 123
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Financing 101
MLS# 2316404 
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