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Price Improvement: Profitable Turnkey In The Heart Of Shadyside
Price Improvement: Profitable Turnkey In The Heart Of Shadyside
Allegheny County, PA
Asking Price:$299,000
Cash Flow:$500,000
Gross Revenue:N/A
EBITDA:N/A
FF&E:N/A
Inventory:N/A
Established:N/A
Business Description
PRICE IMPROVEMENT: PROFITABLE TURNKEY IN THE HEART OF SHADYSIDE
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Within walking distance or a quick Uber ride for most customers. Will not last long at this price!
At a Glance
Net income over $500,000 with below-market rent!! Well-known hot-spot. In excess of $2.4mil in gross sales, in a popular affluent area with well below market rent. Garner a 40% profit margin with a concept that is bar focused. Completely turnkey. Very well maintained.
The Numbers
Asking Price: $499k Now $299K
Gross Revenue: Approx $2mil
Net Income: Over $500K
Cash Flow: $500k
Liquor License: Allegheny (City) R-LL ($110k value)
Sq Ft: 5000SF
# of Seats: 115
Listing Features
FF&E: Included
Real Estate: Leased (Below Market Rent)
Year Established: 2014
Support/Training from Sellers: Yes
Competition/Market Pros & Cons: Great location near heavily populated affluent area & several colleges / Adjacent to public parking / Diverse crowd
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Within walking distance or a quick Uber ride for most customers. Will not last long at this price!
At a Glance
Net income over $500,000 with below-market rent!! Well-known hot-spot. In excess of $2.4mil in gross sales, in a popular affluent area with well below market rent. Garner a 40% profit margin with a concept that is bar focused. Completely turnkey. Very well maintained.
The Numbers
Asking Price: $499k Now $299K
Gross Revenue: Approx $2mil
Net Income: Over $500K
Cash Flow: $500k
Liquor License: Allegheny (City) R-LL ($110k value)
Sq Ft: 5000SF
# of Seats: 115
Listing Features
FF&E: Included
Real Estate: Leased (Below Market Rent)
Year Established: 2014
Support/Training from Sellers: Yes
Competition/Market Pros & Cons: Great location near heavily populated affluent area & several colleges / Adjacent to public parking / Diverse crowd
Detailed Information
- Location:
- Allegheny County, PA
- Facilities:
- All Included
- Competition:
- Great location near heavily populated affluent area & several colleges /Adjacent to public parking / Diverse crowd / Cons: Must change name/rebrand
- Growth & Expansion:
- Within walking distance or a quick Uber ride for most customers.
- Support & Training:
- No
- Reason for Selling:
- Divesting
- Business Website:
- https://sofrankoadvisors.com/listing/profitable-turnkey-in-the-heart-of-shadysid
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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:
22-168
Year established:
2014
Operations
Equipment:
Included
Premises
Square footage:
5000
Rent and lease terms:
Lease ( Below Market Rent)
Price and terms
Price:
$299,000
Financing:
No
Training:
Yes