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#5867
Charleston Restaurants For Sale

American Cuisine Steakhouse Restaurant - Established Over 38 Years Ago

$1,300,000
American Cuisine Steakhouse Restaurant - Established Over 38 Years Ago
This Listing is Expired

SBA pre-approved! This steakhouse is a local icon in the city, being established over 38 years ago. According to the seller, chef, servers and staff are all willing to stay on for a smooth transition. Many of them have been there for over 10 years. Serious seller who has prepared his business for sale with the help of a Certified Public Accountant (CPA). He has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. All gross sales revenue can be verified through seller's tax returns. For more information including a detailed confidential opportunity summary with financial information and photos, please use this ad's email reply.  Listing #101-20230

This is a Trent Lee, LLC listing.
Trent Lee DRE License #S.0183611

Lease

Region:
Charleston Restaurants For Sale

Financials

Last Year's Annual Gross:
$3,151,829

Operations

Liquor License:
Liquor License
# of Full-Time Employees:
31
# of Part-Time Employees:
20
Year Established:
1982

Facilities

Inside Sq. Ft.:
7,000

Highlights

  • SBA Approved
  • Steakhouse
  • Low Country Food
  • Seafood

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 5-mi
2014 Total Population 52,430
Households 5-mi
2010 Number Of Households 24,515
2010 Persons Per Household 2.71
Median House Value $152,000
Income Per Household $51,814
Businesses 5-mi
2009 Number Of Businesses 1,285
2012 Number Of Employees 30,684
2012 Total Annual Payroll $459,248,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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