$110,000 | N/A beds | N/A full baths | N/A half baths | 1,250 sqft
Myrtle Beach, SC 29588
- CommZoning
- 1,250SqFt
- 1Units
- N/ASale/Rent
- N/AWet Lands
- 0.00Acres
- MLS# 2401969
- Commercial
- Business
- Sold
- Approx Time on Market1 month, 19 days
- AreaMyrtle Beach Area--Socastee
- CountyHorry
- Subdivision Not within a Subdivision
Overview
Gemma's Cafe -an established and thriving pizza business for sale that has delighted customers since 2022! This lucrative opportunity offers a turnkey operation with a cap rate of 63%, making it an enticing prospect for aspiring entrepreneurs. Gemma's Cafe has been serving mouthwatering pizzas and creating memorable dining experiences since 2022. Nestled at 3711 Palmetto Pointe Blvd in Myrtle Beach, Gemma's Cafe occupies an end unit spanning 1250 heated square feet. The outdoor fenced-in patio (20*10) adds charm and offers additional dining space. All equipment, meticulously chosen and purchased new in 2022, is included in the sale. This ensures a seamless transition for the new owner. The unit boasts a spacious dining area with seating for 20 customers, a well-planned and expansive kitchen designed for efficiency, a private office, public restrooms, and an outdoor storage shed at the back. The comprehensive list of assets is available upon request, providing transparency and insight into the business's value. The business is listed at a cap rate of 38%, showcasing its profitability and potential for a lucrative return on investment. The lease is in place until 2027 and is assumable. The accommodating landlord and favorable lease terms provide stability for the new owner. Landlord is open to extend after 2027. Gemma's Cafe has successfully built a loyal customer base in the Socaste and Market Commons area, ensuring a steady flow of patrons. The sellers are committed to ensuring the success of the new owners by offering up to 2 weeks of training and sharing their expertise and insights. Whether you're an experienced chef or a savvy investor, Gemma's Cafe presents an incredible opportunity to take over a thriving pizza business with a solid foundation, prime location, and all the necessary elements for continued success. Don't miss this chance to own a slice of culinary excellence in Myrtle Beach!
Sale Info
Listing Date: 01-23-2024
Sold Date: 03-14-2024
Aprox Days on Market:
1 month(s), 19 day(s)
Listing Sold:
2 Year(s), 2 month(s), 22 day(s) ago
Asking Price: $194,900
Selling Price: $100,000
Price Difference:
Reduced By $10,000
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: 1
Levels: One
Year Built: 2022
Mobile Home Remains: ,No,
Zoning: Comm
Building Features: KitchenFacilities, Office, PublicRestrooms
Buyer Compensation
Exterior Features
Spa: No
Exterior Features: SprinklerIrrigation, Storage
Financial
Lease Renewal Option: ,No,
Lease Term: ThirtySixMonths
Business Name: Gemma's Gafe
Garage / Parking
Parking Capacity: 4
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: 0.00
Land Lease: No
Misc
Pool Private: No
Seating Capacity: 21
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: Business
Property Attached: No
Security Features: FireSprinklerSystem
Rent Control: No
Number of Buildings: 1
Room Info
Basement: ,No,
Sold Info
Sold Date: 2024-03-14T00:00:00
Sqft Info
Sqft: 1250
Tax Info
Unit Info
Unit: Suite 4
Utilities / Hvac
Heating: Central, Electric
Cooling: CentralAir
Electric On Property: No
Cooling: Yes
Sewer: PublicSewer
Heating: Yes
Waterfront / Water
Waterfront: No
Courtesy of Century 21 The Harrelson Group
MLS# 2508373 
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