Sold
Iconic Family Owned Business Still Going 60 Years Strong
Allegheny County, PA
Asking Price:$525,000
Cash Flow:N/A
Gross Revenue:N/A
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Established:1963
Business Description
High Activity, High Volume Turnkey Restaurant, Bar, & Grab N' Go
At a Glance
Great local neighborhood establishment in Pittsburgh East Suburb. This multifaceted restaurant was steadfast throughout the pandemic. Full-service, casual dining, American comfort cuisine. Well-established take-out clientele. Completely turnkey.
The Numbers
Asking Price: $525,000
Gross Revenue: $2 million
Liquor License: Expanded Allegheny Cnty R-LL, Sunday sales permit (Value $85k)
Sq Ft: (Approx) 6,575 Sqft
# of Seats: 180
Listing Features
FF&E: 10 Door rear-loading take-out beer coolers. Frozen drink machines, Henny Penny & Pitco Deep fryers, RTI oil storage system, large electronic digital display street sign...great for advertising and revenue.
Real Estate: Leased
Year Established: 1963
Support/Training from Sellers: Yes
Competition/Market Pros: Lots of parking / Loyal customer base / Family-friendly / Great Location
Growth and Expansion Opportunity: Secure neighboring parcel for meeting/event space, increase catering & add additional exterior pole sign
Great local neighborhood establishment in Pittsburgh East Suburb. This multifaceted restaurant was steadfast throughout the pandemic. Full-service, casual dining, American comfort cuisine. Well-established take-out clientele. Completely turnkey.
The Numbers
Asking Price: $525,000
Gross Revenue: $2 million
Liquor License: Expanded Allegheny Cnty R-LL, Sunday sales permit (Value $85k)
Sq Ft: (Approx) 6,575 Sqft
# of Seats: 180
Listing Features
FF&E: 10 Door rear-loading take-out beer coolers. Frozen drink machines, Henny Penny & Pitco Deep fryers, RTI oil storage system, large electronic digital display street sign...great for advertising and revenue.
Real Estate: Leased
Year Established: 1963
Support/Training from Sellers: Yes
Competition/Market Pros: Lots of parking / Loyal customer base / Family-friendly / Great Location
Growth and Expansion Opportunity: Secure neighboring parcel for meeting/event space, increase catering & add additional exterior pole sign
Detailed Information
- Location:
- Allegheny County, PA
- Facilities:
- 10 Door rear-loading take-out beer coolers. Frozen drink machines, Henny Penny & Pitco Deep fryers, RTI oil storage system, large electronic digital display street sign...great for advertising and revenue.
- Competition:
- Competition/Market Pros: Lots of parking / Loyal customer base / Family-friendly / Great Location
- Growth & Expansion:
- Secure neighboring parcel for meeting/event space, increase catering & add additional exterior pole sign
- Support & Training:
- Yes
- Reason for Selling:
- Retiring
- Franchise:
- This business is an established franchise
- Business Website:
- http://https://sofrankoadvisors.com/listing/iconic-family-owned-business-still-going-60
Contact Form
Full Name
Your Phone
Your Email
Send Message
Business Listed By:
Sponsoring Broker:
By clicking the button, you agree to BizBuySell’s Terms of Use and Privacy Notice
Business Listed By:
Lisa Tomasovich
SOFRANKO ADVISORY GROUP, LLC
Sponsoring Broker:
Ronald A. Sofranko, Principal
Listed By: Lisa Tomasovich
Background information
Reference:
22-158
Reason selling:
Retirement
Opportunities
Growth:
Growth opportunity to increase catering & add additional exterior pole sign
Market:
Lots of parking / Loyal customer base / Family-friendly
Price and terms
Price:
$525,000