Author Archives: admin

Another Beer Distributor SOLD!

NEW SALE! Sofranko Advisory Group sells another Pittsburgh area beer distributor. Click here to see more Beer Distributors for sale

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NOW RECRUITING EXECUTIVE CHEFS and GENERAL MANAGERS

Pittsburgh, PA – Sofranko Advisory Group, LLC a thirty year veteran in Hospitality Consulting, Financing and Brokering announced Hospitality Recruiting as part of the company’s modern talent acquisition suite. With over 30,000 Contacts in the Hospitality Industry and 31 years …

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Lease Renewal Do’s & Dont’s

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Restaurants – An Economic Powerhouse

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Newly opened Red, The Steakhouse offers diners prime steaks and more

Red meat lovers have a new downtown Pittsburgh restaurant in which to enjoy their meal of choice, with the recent opening of Red, the Steakhouse

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BUYING A FAILING BUSINESS AND TURNING IT INTO A SUCCESSFUL BUSINESS

At Sofranko Advisory Group we often see businesses when they are failing. There are a number of operators that are in trouble for whatever the reason may be. There are also a number of buyers that are interested in buying …

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Here’s the latest restaurant Frangiadis planning in Garfield

Christian Frangiadis is looking to bring smoke, fire and plenty of sauce to a new restaurant planned for a long-empty building in Garfield. After successfully opening his new restaurant Spork on Penn Avenue in March, Frangiadis and his partners are …

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Adding Value to Your Restaurant with Social Media Marketing

For some small restaurant owners, social media marketing feels like a somewhat murky pond. Nearly everyone has at least dipped their toe in the water, but many still aren’t sure what they’re supposed to be fishing for. Relationships? Exposure? Customers? …

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Signs You’re Ready to Expand

By Jackie Weber This was originally posted on NextRestaurants. There’s a difference between having a restaurant and building a restaurant brand. If you’re a restaurant owner who’s seen steady success with your single-restaurant operation, you may be considering expanding your …

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Food & Beverage Trends To Expect In 2017

Food Trends To Expect In 2017 Filipino food  The cuisine of the Philippines is on many trend lists for 2017. It is a trend that’s overdue, considering that Filipinos make up the second-largest Asian population in the United States. Purple …

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Preparing your business to sale in the New Year

Are you planning on listing your business for sale in the New Year? You may be ready to proceed immediately, offering it for sale “as is” and prepared to make price concessions to account for any of its unaddressed weaknesses. …

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Winning Bids from Oct. 31st Liquor License Auction

The PLCB on Thursday released the winning bids for the licenses that were auctioned on October 31. 37 of 40 licenses were awarded. Most were awarded to Giant Food Stores and Sheetz. The average license bid/cost was $212,000 with the …

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Act 39

By now you are aware that Pennsylvania has enacted new amendments to the Liquor Code when Act 39 of 2016 was signed into law on June 8, 2016. As of August 8, 2016 Act 39 amending the Liquor Code is …

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House Bill 1196

___________________________________________________________ Status: (Engrossed) 2016-10-27 – Signed in House [HB1196 Detail] SUMMARY OF HOUSE BILL 1196 [As passed by the Senate on October 26, 2016 –To go into effect 60 days after signed by Governor Wolf] 1. Removes Limits on Sales …

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Restaurant concept development

A restaurant concept must be clearly defined to be successful You are ready to take the next step to owning your own restaurant. What’s the next step?  Restaurant concept development.  To become the next great restaurant your concept should be …

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Balancing menu creativity with pleasing customers and profit

How real is the movie ‘Chef’? Thankfully, I finally got around to watching the movie ‘Chef‘ starring Jon Favreau.  The movie is about an executive chef at a high end restaurant in Los Angeles that goes verbal fist-to-cuffs with the restaurant owner …

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Sofranko Advisory Group Launches Dick’s Meat Rub

SOFRANKO ADVISORY GROUP is proud to announce the LAUNCHING of its new product, DICK’S MEAT RUB, from Pappy Dick’s Original Recipe!  Great on ribs, brisket, chicken, and pork.  The first batch will be produced very shortly.  Place your order today …

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Steelers great Ward partnering in companion restaurants in former SiBA space

Ron Sofranko, a Wexford-based restaurant consultant, expects a strong operating partner matched a with a major name such as Ward’s should result in a thriving restaurant for a location he sees as outside Cranberry’s main restaurant row on Route 19. …

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How much does a liquor license cost in Pa?

How much does a liquor license cost in Pa? We have the answers. We often get the question – “how much does a liquor license cost in PA?” The cost of a liquor license in the state of Pennsylvania varies …

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Circolo Woodfired, Lounge 88 and Stogies opens tomorrow

Circolo Woodfired, Lounge 88 piano bar and Stogies Cigar Bar will open at 11 a.m. tomorrow at 2100 E. Carson St. Ron Sofranko of Sofranko Advisory Group LLC brokered the deal and partnered with Troy Potteiger. Mr. Potteiger spent 23 years working for Coca-Cola, first …

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Tapped Brick Oven and Pour House has successful grand opening!

Tapped Brick Oven and Pour House hits the ground running with a packed house! Julie and Eric Jones, proud owners of Tapped Brick Oven and Pour House, opened this past week to a huge crowd. Social media drove the success with over 1000 …

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Bar Marco pioneers: how should you pay restaurant employees?

What is the best way to pay restaurant employees? Recently Bar Marco, a Pittsburgh based restaurant, announced that it will convert from a traditional pay methodology of an hourly rate plus tips to one of salary plus benefits, paid vacation, …

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Beer delivery with food

PA now allows beer delivery with food December has typically been known as the month for giving and this past December, the Pennsylvania Liquor Control Board has been especially generous with local businesses announcing an advisory opinion clarifying that restaurants, grocery …

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Have you set new goals for your restaurant in 2015?

What are the goals for your restaurant in the new year? Happy New Year!   What a wonderful and exciting year it has been for Pittsburgh restaurants in 2014.  The food scene continues to evolve.  Local chefs keep elevating the game …

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Twisted Jimmy’s operators to bring new restaurant to Route 19

Lang said he and his brothers scouted other locations in places such as Lawrenceville and Shadyside before he began working with local restaurant business broker Ron Sofranko, who suggested the location. “There’s a lot of risk in it but also a …

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One of Pa’s premier craft beer destinations: House of 1000 Beers!

A passion for craft beer Sofranko Advisory Group would like to extend its heartfelt congratulations to Art Barbus, the proud new owner of House of 1000 Beers located at 357 Freeport Street in New Kensington.  “Craft beer has been my …

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5 Tips For Unshackling Your Inner Entrepreneur

Ron Sofranko is a businessman’s businessman. From selling stereos out of his dorm room, to consulting, opening and advising 97 restaurants throughout Pennsylvania, Maryland and Virginia, he’s done it all. We met Ron through his consulting, brokerage and finance company, …

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Dine: From corporate job to restaurant owner

Several new restaurant owners in the area are defecting from corporate work to wade into the restaurant industry. Some of them are going through the Pine-based Sofranko Advisory Group LLC because the group offers assistance beyond brokering and financing in …

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How to Sell a Restaurant Fast

Follow these tips to sell your restaurant quickly Price is not the only factor in securing a speedy sale for your restaurant business.  You need to have the buyer in mind when setting a sales price.  How will someone else value …

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Frangiadis returns to bring new ‘Taste’ to former Quiet Storm space

David Glickman, a director in the Pittsburgh office of Newmark Grubb Knight Frank, represented the property in the deal after Wexford-based Sofranko Advisory Services Group, LLC introduced him to Frangiadis and his new plans. He said Frangiadis‘s track record suggests a new restaurant that …

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