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Rea's Restaurant - Coraopolis Diner
This quintessential freestanding diner is located northwest of the city of Pittsburgh and has everything you need for a traditional diner including the neighborhood regulars.
The 2,300 sq. ft. restaurant is located along the main road and includes real estate. The property also comes with a 2 bedroom, 1 and 1/2 bath rental property with a long-term tenant to bring in consistent cash flow.
This is truly a family-run operation with strong connections in the community. Currently, the business operates cash only, is open 5 days a week, and serves breakfast/ lunch so there's plenty of room for growth and increased profits.
The Numbers
Asking Price: $395,000
Cash Flow: Over $100,000 a year
Square Footage: 2,300
# of Seats: 50
-18 Tables
-3 booths
-7 stools at the 12 ft diner counter
Listing Features
FF&E: Included
Pepsi cooler, 2 refrigerators, 2 deep freezers, ice machine, 1 tv, 1 oven, 2 microwaves, reach-in refrigerator, toasters, commercial gas stove/oven, 2 fryers, slicer, cooler prep line, and more.
Real Estate: Owned
Year Established: 1991
Reason for Selling: Retirement
Currently, open for breakfast/lunch 5 days a week
Potential Seller Financing Available
Listed By: Lisa Tomasovich
Background information
Reference:
21-095
Year established:
1991
Reason selling:
Retirement
Finance
Profits:
$100,000
Operations
Equipment:
$0
Premises
Facility:
FF&E: Includes Pepsi cooler, 2 refrigerators, 2 deep freezers, ice machine, 1 tv, 1 oven, 2 microwaves, reach-in refrigerator, toasters, commercial gas stove/oven, 2 fryers, slicer, cooler prep line, and more. The property also comes with a 2 bedroom, 1 and 1/2 bath rental property with a long-term tenant to bring in consistent cash flow.
Location:
Coraopolis, PA
Opportunities
Growth:
Currently, the business operates cash only, is open 5 days a week, serves breakfast/ lunch so there's plenty of room for growth and increased profits.
Price and terms
Price:
$355,000
Training:
Yes 1 month