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Bar/Restaurant in South Philly

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Philadelphia, Pennsylvania (Philadelphia Co.)   |  Food and Beverage Businesses for Sale – Restaurants for Sale   |  Businesses for Sale Between $250k and $500k

Business Description

This is a well established Bar/Restaurant in a great area. Casual cool gastro pub in Penn's Landing // Society Hill area with four-five star Yelp reviews. Ornate Antique Bar with multiple taps. Intimate outdoor space with twinkle lighting, TV's & heaters. Turnkey operation with mostly new kitchen equipment and new POS hardware with recently updated software. Furniture, fixtures and Liquor License included. A new owner can improve business by doing advertising & promotions that the present owner, doesn't do. Bar is 40% of sales and Rest. is 60% of sales. This is an opportunity to add your special touch to this highly reviewed and rated fusion Bar/Restaurant or to start fresh. Contact Gary Hersh (Bar/Restaurant Specialist) 215-322-2800 or email: gary@hershassociates.com // Website: www.hershassociates.com

This is a Great Opportunity for an experienced Bar/Restaurant owner for a 2nd place in a great neighborhood(Center City). The Liquor Licenses alone are 195,000.00 - $220,000.00 in Philly, PA. If you want to get into the Food/Beverage business and you have no experience, the present owners will teach you.

About the Business

Year Established:
2012
Number of Employees:
8
Real Estate:
Leased
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About the Sale

Reason For Selling:
The owners are relocating to another area to be close to family.
Training/Support:
Owner will stay on for 2 weeks for a smooth transition.
Seller Financing:
Depends on Buyer...

Listing Info

ID:
1300055
Ad Detail Views:
285
Asking Price:
$340,000

Gross Revenue:
$495,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$235,000
included in asking price

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Business Listed by

Gary Hersh

The Oxford Capital Group, Inc.

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Sponsoring Broker:

Raymond J. Barbiere
The Oxford Capital Group, Inc.

U.S. Census Data for Delaware and Philadelphia Counties, PA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Delaware and Philadelphia Counties, PA
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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