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Restaurants & FoodFor Sale

Established Lowcountry Kitchen & Bar in Historic Madison - 25+ Years of Community Success

Madison, South Carolina

About This Business

This charming full-service restaurant has been a beloved fixture in Madison's dining scene since 1998, offering authentic Lowcountry cuisine with a warm, welcoming atmosphere. With annual revenues of $439,589 and a solid cash flow of $58,486, the business demonstrates consistent profitability and strong customer loyalty. The restaurant features a full bar, comfortable dining space, and an experienced kitchen that has perfected regional recipes over two and a half decades. The established customer base, proven operational systems, and loyal staff of 17 employees provide an excellent foundation for a new owner to continue this legacy. The business operates with efficient margins and maintains excellent relationships with local suppliers and the Madison community. This is an ideal opportunity for a restaurateur seeking an operational, profitable establishment with built-in customer recognition and an established reputation for quality food and service. Owner is retiring due to health reasons and is motivated to find a qualified buyer who will maintain the restaurant's proud traditions.

Financial Details

Asking Price
$190,000
Cash Flow
$60,000
Gross Revenue
$440,000
EBITDA
$45,000
Inventory
N/A

Business Details

Established
1998
Employees
17
Real Estate
Included in Price
Reason for Selling
Health Reasons
Financing
Yes
Training
No

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
3.2x
Price/Revenue
0.4x
DSCR
2.52
Cash on Cash ROI
-125.4%
Down Payment (SBA 10%)$19,000
Loan Amount$171,000
Monthly Payment$1,985/mo
Annual Debt Service$23,825
Owner Salary$60,000
Cash Flow After Debt + Salary$-23,825
Asking Price
$190,000
Cash Flow: $60,000

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