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Cafe Raymond
Pittsburgh, PA (Allegheny County)
Asking Price:$675,000
Cash Flow:N/A
Gross Revenue:N/A
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Established:N/A
Business Description
Popular Dining Spot in Pittsburgh’s Strip District
At a Glance
Nestled in the heart of Pittsburgh's famous Strip District, Cafe Ramond is always booming with business as well as catering events. The strip is popular for various vendors, and multicultural storefronts and is home to several businesses, restaurants, diners, and bars. Cafe Ramond is a two-story diner that is perfect for those early morning risers or afternoon snackers.
The Numbers
Asking Price: 675,000
Gross Revenue: $1,844,000
Cash Flow: $270,000 (After Ownership is paid)
Liquor License: Allegheny City "R" License
Sq Ft: 5,000 (2 floors x 2500 each) + basement storage
# Of Seats: 100 (30 on first and 70 on second)
Listing Features
FF&E included: All included as well as recipes.
Real Estate: Leased. The lease runs through April of 2023 with a 5-year option to extend to 2028 at 8,609 per month for 5,000 feet plus a basement for storage.
Support/Training from Sellers: Yes
Reason for Selling: Retirement
Competition/Market Pros & Cons: Established, Strip District is Booming, does tons of catering work in addition to regular in-house business.
At a Glance
Nestled in the heart of Pittsburgh's famous Strip District, Cafe Ramond is always booming with business as well as catering events. The strip is popular for various vendors, and multicultural storefronts and is home to several businesses, restaurants, diners, and bars. Cafe Ramond is a two-story diner that is perfect for those early morning risers or afternoon snackers.
The Numbers
Asking Price: 675,000
Gross Revenue: $1,844,000
Cash Flow: $270,000 (After Ownership is paid)
Liquor License: Allegheny City "R" License
Sq Ft: 5,000 (2 floors x 2500 each) + basement storage
# Of Seats: 100 (30 on first and 70 on second)
Listing Features
FF&E included: All included as well as recipes.
Real Estate: Leased. The lease runs through April of 2023 with a 5-year option to extend to 2028 at 8,609 per month for 5,000 feet plus a basement for storage.
Support/Training from Sellers: Yes
Reason for Selling: Retirement
Competition/Market Pros & Cons: Established, Strip District is Booming, does tons of catering work in addition to regular in-house business.
Detailed Information
- Location:
- Pittsburgh, PA
- Facilities:
- 6-2 door fridges 3-6 ft sandwich prep stations 1- 5 ft gas griddle 1- xl deep fryer 1- 10 burner with 2 ovens below 1-3 ft prep unit 2- ice machine 3- reach in merchandisers 1- 5ft grill prep station with 2- large pull out drawers 1- double convection oven 1- under the counter dishwasher 1- heavy duty deli slicer 1- 20 qt mixer 1- 10x8 walk-in fridge All Recipes also included
- Growth & Expansion:
- Established, Strip District is Booming and does tons of catering work in addition to regular in-house business.
- Support & Training:
- Yes
- Reason for Selling:
- Retirement
- Franchise:
- This business is an established franchise
- Business Website:
- https://sofrankoadvisors.com/listing/cafe-raymond/
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Business Listed By:
Sponsoring Broker:
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Business Listed By:
Micah Grubbs
SOFRANKO ADVISORY GROUP, LLC
Sponsoring Broker:
Ronald A. Sofranko, Principal
Listed By: Matthew J. Burek
Background information
Reference:
22-187
Reason selling:
Retirement
Operations
Equipment:
All Included, as well as recipes
Premises
Square footage:
5000
Rent and lease terms:
Lease runs through April of 2023 with 5 year option to extend to 2028 at 8,609 per month for 5,000 feet plus basement for storage
Price and terms
Price:
$675,000
Training:
Yes