SEAFOOD BUFFET

For Sale in MYRTLE BEACH, SC

Listing ID: LR180328 | Broker Listing ID:

Financial & Assets Details

Revenues: $603,000

Cash Flow: $42,500

FF&E: $72,550

Inventory: $15,000

Square Feet: 6500+/-

About the Business

Year Established: 1997

Lease Amount: $5,000

Seller Financing: Yes

Business Description

Take a five month vacation! This top rated seafood buffet is open for business mid-March through September. High visibility from the main Myrtle Beach thoroughfare makes this restaurant an easy target for tourist in the mood for those "little fried shrimp" we call Calabash style. This stand-alone restaurant seats 224 and includes a separate banquet facility and a second floor office space. FF&E includes a state-of-the-art commercial kitchen with walk-in coolers, updated equipment and a new POS system.

Seller Financing

SELLER FINANCING AVAILABLE

Market Competition:

Calabash seafood is a major draw for most people visiting the South Carolina coast. Traffic count is over 30,000 per day. Business is seasonal. This property could be changed to a year-round business if desired. Rent increases 11/1/2018 to $5,500, then again 11/1/2023 to $6,000. Lease termination is 10/31/2028.