News Summary
The popular Chili’s restaurant located at 4401 N Kings Hwy in Myrtle Beach is officially up for sale, listed at over $2.2 million. The first sale in six years, this location has a history of strong performance and is well-regarded. Despite recent closures in the chain, Chili’s shows resilience with soaring sales in 2025. This significant real estate opportunity could breathe new life into a beloved local eatery, appealing to potential buyers and loyal customers alike.
Myrtle Beach Buzz: Chili’s for Sale at Exciting Price Point!
Hey Myrtle Beach folks! There’s some big news sizzling in our neighborhood as the Chili’s restaurant located at 4401 N Kings Hwy is officially on the market. If you’ve ever had a craving for some delicious baby back ribs or their infamous margaritas, now might be your chance to own a slice of that flavor paradise!
Price Tag That Will Raise Eyebrows
The restaurant is listed for a hefty asking price of **more than $2.2 million**. That might sound like a lot, but this property is certainly not just any run-of-the-mill eatery. The Chili’s at this location has a solid reputation and a history of good performance. According to real estate professional Dylan Freeney, this place has been enticing potential buyers since it hit the market just last week.
A Look Back: Six Years in the Making
Can you believe it? This is the first time in six years that this restaurant has been available for sale. In fact, some records from Horry County say that the property was sold for **$2.4 million** back in 2019 and even higher at **$2.85 million** in 2006. This shows that the investment in this beloved restaurant may have potential for growth, especially in a town thriving with tourists.
Reasons to Love Chili’s
Now, if you’re wondering why someone would want to snag this spot, here’s the scoop! Chili’s has been doing exceptionally well on a national level compared to many of its competitors in the sit-down dining genre. In recent times, several chains like TGI Friday’s and Red Lobster have faced some tough waters, including bankruptcy and closures. On the other hand, Chili’s has been slowly but surely recovering, especially after bouncing back from the challenges posed by the Great Recession.
Sales Are Soaring in 2025!
This year, **2025**, appears to be a promising one for Chili’s. Reports indicate that they’ve seen a spike in sales year-over-year, which shows the chain’s resilience and ability to adapt to changing trends. Despite rumors flying around on social media about the possible closure of all Chili’s locations, rest assured, the chain isn’t packing up anytime soon! The parent company, Brinker International, has not confirmed any widespread closures, and there are still over **1,000 locations** operating across the globe!
Chili’s: A Trendsetter in a Tough Market
Yes, a few Chili’s locations have closed—around **19 since 2023**, which is just a smidge—only about **1%** of total locations. In 2024, the following three locations closed: Fort Wayne in Indiana, St. Joseph in Missouri, and Charlotte in North Carolina. But don’t let that fool you; the flagship eateries are still going strong and bringing in customers who want a consistently yummy dining experience.
Wrapping It All Up
The sale of the Myrtle Beach Chili’s location speaks to the ongoing viability of the brand in an industry that is always changing. Whether you’re a local resident, a visitor, or simply a fan of those mouthwatering dishes, the buzz around this sale is certainly worth following. So, who knows? Maybe a new owner will breathe exciting new life into this classic eatery making it an even more vibrant part of our friendly Myrtle Beach community!
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Myrtle Beach Online
- FOX43
- Eat This
- PennLive
- Statesboro Herald
- Wikipedia: Chili’s
- Google Search: Chili’s restaurant news
- Google Scholar: Chili’s restaurant
- Encyclopedia Britannica: Chili’s
- Google News: Chili’s locations update
