One of the BEST Bar’s in Pittsburgh!!
At a Glance
Historic Building with Roof Top Bar.
One of the most Iconic and well-known Bars in Pittsburgh. Owners looking to focus on the new Brewery that they are building and want to pass on what they have built to the next generation of owners.
The Numbers
Asking Price: $1.7M
Gross Revenue: $940K -2022, $1.53M - 2021
Cash Flow: $192K – 2022, $334K - 2021
Liquor License: Allegheny City, Value - $125K
Sq Ft: Total: 7452 sqft. (Basement: 2035 sqft., Main Floor: 2582 sqft., Mezzanine: 655 sqft., Roof Top: 2180 sqft.)
#Total Occupency: 460
Listing Features
FF&E included: All included except for a couple of Jerseys on the wall.
Real Estate: Owned, Appraised in Jan. 2023 @ $925K
Year Established: 2006
Support/Training from Sellers: Yes
Reason for Selling: Divesting, opening another business
Competition/Market Pros: Plenty of foot traffic and local favorites
Growth and Expansion Opportunity: Expand kitchen offerings, brunch possible, grub hub or door dish
Matthew J. Burek
Senior Vice President, Head of Sales and Business Development
412-779-1606
matt@sofrankoadvisors.com
“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
“"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
“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
“"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
“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
“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