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Established Restaurant in Pittsburgh Suburb
stablished Restaurant in Pittsburgh East Suburb
Pittsburgh, PA (Allegheny County)
Asking Price:$195,000
Cash Flow:N/A
Gross Revenue:$1,800,000
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Rent:N/A
Established:1994
Business Description
At a Glance
Prime Realestate in a Hot Murrysville Location! This recently updated Italian/ pizza restaurant is well known in the area. With indoor and outdoor seating, a specialty pizza oven, 27 glycol tap systems, and private event space, this restaurant brought in $2.7 million in its best year.
Improvements have been made to the space and the sizable location has below-market rent. There's room to expand hours and add in delivery to boost revenue even more.
The Numbers
Asking Price: Price Reduction $195,000
Includes Allegheny County liquor license valued at $85,000
Gross Revenue: $1,800,000
Cash Flow: $150,000-200,000
Square Footage: 6,250
# of Seats: 85 indoors; 30 outdoors
Listing Features
FF&E: All included
28' hood, specialty pizza oven, glycol system with 27 taps, 30 TVs, and more
Real Estate: Leased (BELOW MARKET VALUE)
Year Established: 1994
Reason for Selling: Divesting
Prime Realestate in a Hot Murrysville Location! This recently updated Italian/ pizza restaurant is well known in the area. With indoor and outdoor seating, a specialty pizza oven, 27 glycol tap systems, and private event space, this restaurant brought in $2.7 million in its best year.
Improvements have been made to the space and the sizable location has below-market rent. There's room to expand hours and add in delivery to boost revenue even more.
The Numbers
Asking Price: Price Reduction $195,000
Includes Allegheny County liquor license valued at $85,000
Gross Revenue: $1,800,000
Cash Flow: $150,000-200,000
Square Footage: 6,250
# of Seats: 85 indoors; 30 outdoors
Listing Features
FF&E: All included
28' hood, specialty pizza oven, glycol system with 27 taps, 30 TVs, and more
Real Estate: Leased (BELOW MARKET VALUE)
Year Established: 1994
Reason for Selling: Divesting
Detailed Information
- Location:
- Pittsburgh, PA
- Real Estate:
- Leased
- Building SF:
- 6,250
- Lease Expiration:
- N/A
- Facilities:
- Recent improvements
- Competition:
- Well-established clientele.
- Growth & Expansion:
- There's room to expand hours and add in delivery to boost revenue even more.
- Financing:
- below market rent
- Reason for Selling:
- Divesting
- Business Website:
- https://www.sofrankoadvisors.com/listing/established-restaurant-in-pittsburgh-su
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Business Listed By:
Sponsoring Broker:
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Business Listed By:
Lisa Tomasovich
SOFRANKO ADVISORY GROUP, LLC
Sponsoring Broker:
Ronald A. Sofranko, Principal
Listed By: Lisa Tomasovich
Background information
Reference:
22-023
Year established:
1994
Reason selling:
Divesting
Finance
Sales:
$1,800,000
Profits:
$200,000
Operations
Equipment:
N/A
Premises
Facility:
Recent improvements
Rent and lease terms:
$0.00
Location:
Pittsburgh, PA
Opportunities
Growth:
There's room to expand hours and add in delivery to boost revenue even more.
Price and terms
Price:
$195,000
Financing:
below market rent