A Beautiful New-Build Out with Successful Concept in Downtown Pittsburgh
At a Glance
This restaurant is a diamond perfectly situated in the Steel City with a menu rooted in affordable upscale American comfort food. The current owner made a strategic pivot in menu and cocktails which increased the gross sales and net income. and now has $2 mil annual potential.
The selections combine the cozy familiarity of classic American dishes with a touch of sophistication in its ambiance and presentation, all while maintaining reasonable prices.
A recent rebuild strikes a balance between casual and upscale, with comfortable seating, warm lighting and some modern touches to create a welcoming atmosphere and is a must-see for any restaurateur that wants to be in a safe area with plenty of action. Opened 7 days per week while fully staffed with experienced/ trained servers/bartenders.
The Numbers
Asking Price: $600,000
- Includes Allegheny County City “R”
Gross Revenue: Over $100,000/month since January
Sq. Ft: 2,400 SF + 800 SF Office space or dry storage
# Of Seats: 100 (including inside seats and two patios)
Listing Features
FF&E: Includes completely new build, with all new kitchen and equipment!
Real Estate: Leased
Year Established: 2023
Competition/Market Pros: Neighboring venues gross btw $2-3mil / Beautifully done website
“Sofranko Advisory has always done excellent work for me and my clients....Their capabilities are second to none. I always highly recommend them.”
David Glickman
Newmark Knight Frank
“You guys are a great company. [Jeff] and Ron have been very patient and informative. Very glad we're selling through you. People over money is most important to us and you've shown that as well. ”
Randy
Bob's Beverage
“I'd like to thank Ronald Sofranko for the great job you did for Maxwell's Pizza Bellevue helping facilitate the liquor license process.”
Christina
Maxwell's Pizza
“I simply wanted to write you and say thank you very much for all of your efforts, time, and your trust in us! I am grateful for the fact that you worked with us and proud to be a part of The Vault.”
Jim
The Vault
“"She handled my constant questions and concerns with compassion and professionalism. Couldn’t have done it without the team! Much gratitude and praise is definitely due." ”
Terry
Sam's Pop & Beer
“"Everyone we have dealt with from Sofranko Advisory Group has been diligent, honest, and professional at all times. I have recommended their services to close friends of mine and will continue to do so in the future."”
Big Shot Bob’s House of Wings
Big Shot Bob's House of Wings
“It was my pleasure doing business with Sofranko Advisory Group and my representative Paul Alexander. Paul showed true expertise in the sale of my bar & restaurant. He exceeded all expectations and closed my deal exactly how we discussed. He providing me with constant updates and feedback throughout the process. My experience was second to one. I would highly recommend using Sofranko and Paul in all sides of bar and restaurant business”
Justin
Iron Creek