This is the perfect opportunity for a restauranteur to acquire a fully built-out restaurant and hit the ground running.
The build out took approximately two years and completed in 2020, cost around $1.3 million (not including the liquor license). This includes a state of the art, methodically designed kitchen, large, inviting bar area, wood floors, brick walls, and charming yet sophisticated fixtures.
Type 47 Liquior License is included in the sale price.
Since 2021, Porch and Swing gross sales have been in the $2.3m range and currently boasts a 72% customer return rate. Their gross sales are respectable when considering due to Covid, they were unable to implement a proper grand opening marketing campaign.
The Seller is presenting this opportunity to a Buyer because they would like to move back to their home town in Charleston SC and open a restaurant there.
Large Patio Area
Outdoor Oasis: This restaurant boasts a spacious patio area that is currently not included in the rent, offering an incredible opportunity for a buyer to maximize their return on investment. The patio is a spectacular area where customers can relax, dine, and enjoy the outdoors.
Jazz bands play outside on the weekends for the patio folks dining enjoyment. Soulful melodies of jazz music fill the air, creating an unforgettable dining experience for patrons on the patio.
Ten Year Lease w/ Options to Renew
Porch & Swing are approximately 3-4 years into their ten year lease. There are two (5) year options to renew the lease. Said lease can be assigned to the Buyer with Landlord approval.
Currently in months 37-48. NNNs are approximately $4k per month. Monthly storage and parking fees currently are $874.47 and $930, respectively.
