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
Number of Employees:
Building Sq. Ft.:
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!
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.
Owner will consult for a period of time to train new owner/staff.
Ad Detail Views:
Asking Price: $2,300,000 Gross Revenue: $1,200,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $12,000 included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $1,000,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
High Profit, Established, Bar/Restaurant for Sale With Real Estate
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.