Built for High-Volume and Catering. Seller Financing Available.
At a Glance
Well known for Catering & Deli Counter for Generations. Full Allegheny County “R” Liquor License is included as well as All Equipment. Owners looking to step back but would be very open to still staying on a couple of days a week to help new owners continue the success they have built.
The Numbers
Asking Price: $995,000.00
Gross Revenue: Over $2.2M
Cash Flow: $200K +
Liquor License: Yes, Allegheny County R
Sq. Ft: 7,000
# Of Seats: 150 between the restaurant and private banquet room
Listing Features
FF&E: All included except a couple art pieces
Real Estate: Lease, $11,000/month but includes CAM
Year Established: 1948
Seller Financing: Yes, 50% down with Remaining Amount paid back monthly over 10 years with a 2% interest Rate.
Support/Training from Sellers: Absolutely, Owners may still want to work 2-3 days a week.
Reason for Selling: Retirement
Competition/Market Pros: Very busy area, well know in area and sought after for their catering.
Growth and Expansion Opportunity: Owners currently turn down catering business and inhouse use of private banquet room as they do not have the energy to keep up. Use of LL could be expanded to do more 6-pack shop promoting craft beer segments.
Matthew J. Burek
Senior Vice President, Head of Sales and Business Development
412-779-1606
matt@sofrankoadvisors.com
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Maxwell's Pizza
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Newmark Knight Frank
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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”
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