High Profit, Established, Bar/Restaurant for Sale With Real Estate

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Business Description

Outstanding opportunity to purchase existing bar restaurant business and newly renovated real estate. Completely renovated and expanded in 2016, this opportunity offers an operator the chance to step into a highly profitable and established business. There are also substantial growth opportunities by adding lunch hours, or private events.

About the Business

Year Established:
2008
Number of Employees:
16
Real Estate:
Owned
Building Sq. Ft.:
4,500
Facilities:
Completely renovated and expanded in 2016, the building, with an occupancy capacity of 210, includes a large first floor with seating and main bar, second floor roof top deck with additional full bar, commercial kitchen, prep kitchen, new draft system... the works!
Market Outlook/
Competition:
Located in one of Pittsburgh's fastest growing and most trendy neighborhoods. Centrally located in the retail corridor, flanked by bars, restaurants, shops, and office buildings.
Growth & Expansion:
Second floor retractable roof to be installed prior to sale, which will allow for 4 season use of the second floor bar and roof deck. Close proximity to over 400 new construction residential rentals, office developments, and tech companies including UBER. Untapped potential for lunch crowd and events.
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About the Sale

Reason For Selling:
Owner developing new projects
Training/Support:
Owner will consult for a period of time to train new owner/staff.

Listing Info

ID:
1515224
Ad Detail Views:
638
Asking Price:
$2,300,000

Gross Revenue:
$1,200,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$12,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Listed by

Mike Cunko

Carlson & Associates, Inc.
License# RM051123B

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U.S. Census Data for Allegheny County, PA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Allegheny County, 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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