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Historic Building in Iconic Pittsburgh Location
Pittsburgh, PA (Allegheny County)
Asking Price:$1,700,000
Cash Flow:$192,000
Gross Revenue:$940,000
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Established:2006
Business Description
HISTORIC BUILDING IN ICONIC PITTSBURGH LOCATION
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One of the BEST bars in Pittsburgh!!
At a Glance
Historic Building with Roof Top Bar.
One of the most Iconic and well-known Bars in Pittsburgh. Owners looking to focus on the new Brewery that they are building and want to pass on what they have built to the next generation of owners.
The Numbers
Asking Price: $1.7M
Gross Revenue: $940K -2022, $1.53M - 2021
Cash Flow: $192K – 2022, $334K - 2021
Liquor License: Allegheny City, Value - $125K
Sq Ft: Total: 7452 sqft. (Basement: 2035 sqft., Main Floor: 2582 sqft., Mezzanine: 655 sqft., Roof Top: 2180 sqft.)
#Total Occupency: 460
Listing Features
FF&E included: All included except for a couple Jerseys on the wall.
Real Estate: Owned, Appraised in Jan. 2023 @ $925K
Year Established: 2006
Support/Training from Sellers: Yes
Reason for Selling: Divesting, opening another business
Competition/Market Pros: Plenty of foot traffic and local favorites
Growth and Expansion Opportunity: Expand kitchen offerings, brunch possible, grub hub or door dish
Map of Historic Building in Iconic Pittsburgh Location
Skip to Content
One of the BEST bars in Pittsburgh!!
At a Glance
Historic Building with Roof Top Bar.
One of the most Iconic and well-known Bars in Pittsburgh. Owners looking to focus on the new Brewery that they are building and want to pass on what they have built to the next generation of owners.
The Numbers
Asking Price: $1.7M
Gross Revenue: $940K -2022, $1.53M - 2021
Cash Flow: $192K – 2022, $334K - 2021
Liquor License: Allegheny City, Value - $125K
Sq Ft: Total: 7452 sqft. (Basement: 2035 sqft., Main Floor: 2582 sqft., Mezzanine: 655 sqft., Roof Top: 2180 sqft.)
#Total Occupency: 460
Listing Features
FF&E included: All included except for a couple Jerseys on the wall.
Real Estate: Owned, Appraised in Jan. 2023 @ $925K
Year Established: 2006
Support/Training from Sellers: Yes
Reason for Selling: Divesting, opening another business
Competition/Market Pros: Plenty of foot traffic and local favorites
Growth and Expansion Opportunity: Expand kitchen offerings, brunch possible, grub hub or door dish
Map of Historic Building in Iconic Pittsburgh Location
Detailed Information
- Location:
- Pittsburgh, PA
- Facilities:
- All are included except for a couple of Jerseys on the wall.
- Competition:
- Plenty of foot traffic and local favorites
- Growth & Expansion:
- Expand kitchen offerings, brunch possible, grub hub or door dish
- Support & Training:
- Yes
- Reason for Selling:
- Divesting
- Franchise:
- This business is an established franchise
- Business Website:
- https://sofrankoadvisors.com/listing/historic-building-in-iconic-pittsburgh-loca
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Business Listed By:
Sponsoring Broker:
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Business Listed By:
Matthew J. Burek
SOFRANKO ADVISORY GROUP, LLC
Sponsoring Broker:
Ronald A. Sofranko, Principal
Listed By: Matthew J. Burek
Background information
Reference:
23-308
Year established:
2006
Reason selling:
Divesting, opening another business
Operations
Furniture fixtures and equipment:
All included except for a couple Jerseys on the wall.
Premises
Square footage:
Building 5,600. Main floor – 2,728; Lower Floor – 2,024; Mezz – 847; Rooftop – 1,260.
Rent and lease terms:
Owned, Appraised in Jan. 2023 @ $925K
Price and terms
Price:
$1,700,000
Financing:
No
Training:
Yes