LARGE RESTAURANT WITH LIQUOR LICENSE OFF OF ROUTE 28, CENTRAL TO INDIANA, PUNXSUTAWNEY, KITTANNING.
At a Glance
This hometown restaurant is the only large, full-scale restaurant in the area with an extremely loyal and supportive customer base. People are willing to travel for fresh, homemade fare and they've seen extra takeout business since the pandemic struck. It also is only one of the available places for larger banquets/ parties in the area. The Armstrong County Liquor License is also very sought after as one of the few in the county.
This establishment is currently only open for dinner 4 days a week, so there is a lot of potential for growth and expansion, not to mention the expansion of the banquet and catering offerings. It also features a 3 bedroom apartment upstairs which can generate extra income.
The Numbers
- Asking Price: $275,000
- Armstrong County Liquor License valued at $65,000
- Gross Revenue: $150,000/yr
- Square Footage:
- Main Floor: 1600 sq. ft.
- Kitchen: 800 sq. ft.
- Downstairs Banquet Room: 900 sq. ft.
- Upstairs Apt: 1240 sq. ft.
- # of Seats: 100 Main Dining Room; 40 downstairs banquet room -bar
Listing Features
- FF&E Included
- Armstong County Liquor License Included
- Real Estate: Owned
- Year Established: 1995
“"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
“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
“"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
“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
“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
“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