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Popular Entertainment and Restaurant Venue $770K Cash Flow Philly

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Philadelphia, Pennsylvania (Philadelphia Co.)   |  Food and Beverage Businesses for Sale – Bars and Taverns for Sale   |  Businesses with Price Not Disclosed

Asking Price:
 Not Disclosed

Gross Revenue:
$3,000,000
Cash Flow:
$770,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

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Business Description

A hugely popular gathering place for young people. Casual food offerings and uniquely distinctive drinks for which the venue is well-known. Total seating for over 200 inclusive of 65 in the bar and cocktail area 52 al fresco. Located on a major street with heavy foot and auto traffic. Revenues are approximately 60% food and 40% drinks. Well-maintained facility, total 5000 square feet; bar area with seating for 52; a separate room for group and special events. Features include low energy lighting, zoned HVAC and satellite audio and cable TV, 24 camera security system and 6 terminal Aloha POS system. The spacious kitchen well equipped and includes ample refrigeration and freezers, ovens, ranges and fryers, most of recent vintage. Adequate parking in the area. Revenue $3 Million, Cash flow $770,000. Best Offer. Sale includes all equipment and liquor license. Inventory of liquor in addition.

About the Business

Real Estate:
Leased
Building Sq. Ft.:
5,000
Lease Rate/Sq. Ft./Yr.:
$31.00
Facilities:
Well-maintained facility, total 5000 square feet; bar area with seating for 52; a separate room for group and special events. Features include low energy lighting, zoned HVAC and satellite audio and cable TV, 24 camera security system and 6 terminal Aloha POS system.
Market Outlook/
Competition:
Unique facilities with high name recognition in its market
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About the Sale

Reason For Selling:
Other business interests
Seller Financing:
Available to qualified buyer

Listing Info

ID:
1369330
Ad Detail Views:
145

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$
months
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Business Listed by

Ronald Hoxter

Mill Creek Partners

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