Well Established Cheesesteak Eatery In South Philadelphia
Share on Facebook 
Post to X 
Share on LinkedIn 
Share on Reddit Business Description
Plenty of room For growth and expansion includes 29 E Oregon Lot
WELL ESTABLISHED CHEESESTEAK EATERY IN SOUTH PHILADELPHIA
This iconic Philadelphia cheesesteak restaurant presents an exceptional opportunity to acquire a thriving business with over 30 years of proven success. Established in 1992, this profitable operation generates $2.5 million in annual revenue and is strategically located in South Philadelphia's highly desirable commercial corridor near Penn's Landing, Delaware Avenue, and major sports complexes.
BUSINESS OVERVIEW:
The restaurant operates from a 2,500 square foot building and has built a loyal customer base over three decades. With consistent profitability and strong cash flow, this turnkey operation is ideal for investors or operators seeking an established income-producing asset in Philadelphia's competitive restaurant market.
REAL ESTATE INCLUDED:
The sale includes owned real estate valued at $2 million, featuring the main restaurant building plus an additional vacant lot at 29 E Oregon Avenue. This provides significant development potential in a rapidly redeveloping neighborhood experiencing new residential construction and commercial growth.
GROWTH OPPORTUNITIES:
- Prime location on busy Oregon Avenue industrial and residential corridor
- Proximity to sports complexes drives consistent foot traffic
- Vacant lot offers expansion possibilities
- Potential for multi-story development for business and residential use
- Located in rapidly gentrifying area with new apartment complexes
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $2.5 million
- Established customer base with 30+ years of operation
- Inventory valued at $30,000 included in sale
- Strong profitability in premium location
TRANSITION SUPPORT:
The current owner is retiring after decades of successful operation. Full staff will remain with the property and business, ensuring seamless transition. Seller financing available at $1.2 million over 10 years.
This represents a rare opportunity to acquire an established Philadelphia institution with significant real estate value and expansion potential in one of the city's most sought-after commercial districts.
Qualified buyers only. Proof of funds required prior to financial disclosure.
This iconic Philadelphia cheesesteak restaurant presents an exceptional opportunity to acquire a thriving business with over 30 years of proven success. Established in 1992, this profitable operation generates $2.5 million in annual revenue and is strategically located in South Philadelphia's highly desirable commercial corridor near Penn's Landing, Delaware Avenue, and major sports complexes.
BUSINESS OVERVIEW:
The restaurant operates from a 2,500 square foot building and has built a loyal customer base over three decades. With consistent profitability and strong cash flow, this turnkey operation is ideal for investors or operators seeking an established income-producing asset in Philadelphia's competitive restaurant market.
REAL ESTATE INCLUDED:
The sale includes owned real estate valued at $2 million, featuring the main restaurant building plus an additional vacant lot at 29 E Oregon Avenue. This provides significant development potential in a rapidly redeveloping neighborhood experiencing new residential construction and commercial growth.
GROWTH OPPORTUNITIES:
- Prime location on busy Oregon Avenue industrial and residential corridor
- Proximity to sports complexes drives consistent foot traffic
- Vacant lot offers expansion possibilities
- Potential for multi-story development for business and residential use
- Located in rapidly gentrifying area with new apartment complexes
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $2.5 million
- Established customer base with 30+ years of operation
- Inventory valued at $30,000 included in sale
- Strong profitability in premium location
TRANSITION SUPPORT:
The current owner is retiring after decades of successful operation. Full staff will remain with the property and business, ensuring seamless transition. Seller financing available at $1.2 million over 10 years.
This represents a rare opportunity to acquire an established Philadelphia institution with significant real estate value and expansion potential in one of the city's most sought-after commercial districts.
Qualified buyers only. Proof of funds required prior to financial disclosure.
About the Business
- Years in Operation
- 34
- Employees
- 12 Full-time
- Currently Home Based
- Yes
- Facilities & Assets
- Presenting a rare turnkey investment opportunity in a high traffic South Philadelphia corridor, just moments from the Sports Complex. After more than 35 successful years, the owner of this well established food service business is retiring, offering a fully equipped, fully staffed operation with a loyal and long term team in place for a seamless transition. The sale includes 39 E. Oregon Ave. and the adjacent parcel at 29 E. Oregon Ave., which together offer exceptional future commercial or mixed use development potential. All business assets, trade fixtures, equipment, and existing goodwill are included in the sale. The property features a CMX-2 zoning designation, a Neighborhood Commercial Mixed Use classification that permits a wide range of neighborhood serving retail, commercial, and upper story residential uses. Additionally, the location features over 100 feet of frontage, a depth of 125 feet, indoor seating for 30+ patrons.
- Market Outlook / Competition
- This thriving business is an ideal acquisition for an investor or operator looking to step into a thriving income producing business in one of Philadelphia’s most desirable commercial corridors. Qualified buyers only. Proof of funds is required prior to the release of financial information or scheduling a showing. Seller financing is available.
- Opportunities for Growth
- Plenty of opportunities for expansion on a busy Oregon ave industrial and residential corridor, nearby sports complexes. The main property and vacant lot can be both developed into multiple stories for both business and residential purposes. Located in a highly redeveloping neighborhood, including Delaware Avenue, the sports complex district and local residential neighborhood full of new residential apartment complexes.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,500
About the Sale
- Seller Motivation
- RETIREMENT
- Transition Support
- Full Staff Will Remain With Property and Business
- Financing Options
- 1,200,000 over 10 years
Listing Info
- ID
- 2539912
- Listing Views
Business Location
Listing ID: 2539912 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
Similar Listings
