Turnkey Full-service Restaurant & grill for sale in Philadelphia
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Turnkey Full - Service Restaurant & Grill for sale in Philadelphia
Established Fine-Dining Restaurant for Sale – Northeast Philadelphia
Excellent opportunity to acquire a fully equipped, established restaurant in a convenient Northeast Philadelphia location. The restaurant features an attractive dining area, full commercial kitchen, quality equipment, and a well-designed setup ready for a new owner to continue operations.
The monthly rent is approximately $6,000, with approximately 7 years remaining on the lease and additional renewal options available.
A party/event hall is located next door, providing excellent potential for expansion, private events, catering, banquets, or another complementary business concept, subject to landlord and applicable approvals.
This is a great opportunity for an experienced restaurant operator, investor, or entrepreneur looking for an established location without starting from scratch.
Asking Price: $375000.00
Serious inquiries only. Additional business and financial information can be provided to qualified buyers.
Excellent opportunity to acquire a fully equipped, established restaurant in a convenient Northeast Philadelphia location. The restaurant features an attractive dining area, full commercial kitchen, quality equipment, and a well-designed setup ready for a new owner to continue operations.
The monthly rent is approximately $6,000, with approximately 7 years remaining on the lease and additional renewal options available.
A party/event hall is located next door, providing excellent potential for expansion, private events, catering, banquets, or another complementary business concept, subject to landlord and applicable approvals.
This is a great opportunity for an experienced restaurant operator, investor, or entrepreneur looking for an established location without starting from scratch.
Asking Price: $375000.00
Serious inquiries only. Additional business and financial information can be provided to qualified buyers.
About the Business
- Years in Operation
- 3
- Employees
- new owner can keep all the employee
- Facilities & Assets
- Fully equipped , established fine dining restaurant in northeast Philadelphia. the sale includes a complete commercial kitchen, hood system, cooking equipment, refrigerators and freezers, prep equipment, dining furniture , POS system, fixtures and decor . A party hall is located directly next door , providing excellent protentional to expand the restaurant, increase seating and event capacity, or utilize the additional space for another compatible business concept, subject to lease term and applicable approvals. long - term lease with approximately 7 years remaining plus renewal option . Turnkey operation with excellent growth potential.
- Market Outlook / Competition
- Established restaurant located in a busy Northeast Philadelphia area with convenient access to residential neighborhoods and commercial businesses. The restaurant serves dine -in, takeout, delivery and catering customers . There is continued demand for quality dining and event catering in the area . The business has an established customer base with additional opportunities to grow sales through catering , privet events, online ordering, delivery and marketing.
- Opportunities for Growth
- Excellent opportunity for continued growth. The party hall located directly next door provides potential to expand the restaurant, and additional seating, increase privet parties and event business , or utilize the space for another compatible concept. Additional growth opportunities include catering, corporate events, online ordering , delivery, extended hours and increased social media marketing . The existing kitchen and restaurant setup can support increased sales and volume.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 8,000
- Rent
- $6,000 per month
- Lease Expiration
- 7/31/2033
About the Sale
- Seller Motivation
- Owner moving to real estate business because he is real estate agent in PA
- Transition Support
- Seller is willing to provide reasonable training and transition support to ensure a smooth transfer of ownership. Assistance can include introduction to vendors, daily operations, ordering procedures, system and general restaurant operations. length and terms of training can be negotiated with the buyer.
Listing Info
- ID
- 2553643
- Listing Views
Listing ID: 2553643 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 of Use. Learn how to avoid scams.
Businesses for SalePennsylvania Businesses for SalePennsylvania Food & Beverage Businesses for SalePennsylvania Restaurants Businesses for Sale
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