Popular Dining Spot in Pittsburgh’s Strip District
At a Glance
Nestled in the heart of Pittsburgh's famous Strip District, Cafe Ramond is always booming with business as well as catering events. The strip is popular for various vendors, and multicultural storefronts and is home to several businesses, restaurants, diners, and bars. Cafe Ramond is a two-story diner that is perfect for those early morning risers or afternoon snackers.
The Numbers
Asking Price: 675,000
Gross Revenue: $1,844,000
Cash Flow: 270,000 (After Ownership is paid)
Liquor License: Allegheny City "R" License
Sq Ft: 5,000 (2 floors x 2500 each) + basement storage
# Of Seats: 100 (30 on first and 70 on second)
Listing Features
FF&E included: All included as well as recipes.
Real Estate: Leased. The lease runs through April of 2023 with a 5-year option to extend to 2028 at 8,609 per month for 5,000 feet plus a basement for storage.
Support/Training from Sellers: Yes
Reason for Selling: Retirement
Competition/Market Pros & Cons: Established, Strip District is Booming, does tons of catering work in addition to regular in-house business.
Matthew J. Burek
Senior Vice President, Head of Sales and Business Development
412-779-1606
matt@sofrankoadvisors.com
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