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New Price: Downtown Bar & Restaurant w/ City Liquor License


In the heart of Downtown Pittsburgh, this establishment is known for its thriving lunch business. With a front counter, main restaurant area, back event room, and bar area, this space has a lot of potential for private events, catering, lunch specials, and more.

The restaurant is close proximity to downtown office buildings including the BNY Melon Building and the US Steel Building. The landlord is amenable and will negotiate a favorable lease for the new buyer.

The Numbers
New Asking Price: $295,000 was $475,000
Includes City of Pittsburgh "R" Liquor License valued at $85,000
Gross Revenue: $500,000+
Square Feet: 3,000
#of Seats:
Front: 20
Back Room/ Bar: 50
Dining Room: 50

Listing Features
FF&E Included
4 TVs, 4 deck ovens, reach-in fridge and freezers, commercial oven, fryers, hood & ansul system, prep tables
Year Established: 1976
Support/Training from Sellers: Yes
Real Estate: Leased
Favorable Lease
Reason for Selling: Retirement
Close proximity to downtown office buildings etc.

Listed By: Matthew J. Burek

Background information

Reference:

20-055

Year established:

1976

Reason selling:

Retirement

Finance

Sales:

$500,000

Operations

Equipment:

$0

Premises

Facility:

4 TVs, 4 deck ovens, reach-in fridge and freezers, commercial oven, fryers, hood & ansul system, prep tables 130 Seats

Location:

Pittsburgh, PA

Opportunities

Growth:

Close proximity to downtown office buildings etc.

Price and terms

Price:

$295,000

Training:

Yes