FREESTANDING WITH POTENTIAL FOR SELLER FINANCING| 401 FERREE ST, CORAOPOLIS
At a Glance
This quintessential freestanding diner is located northwest of the city of Pittsburgh in Coraopolis and has everything you need for a traditional diner including the neighborhood regulars.
The 2,300 sq. ft. restaurant is located along a main road and includes real estate. The property also comes with a 2 bedroom, 1 and 1/2 bath rental property with a long-term tenant to bring in consistent cash flow.
This is truly a family-run operation with strong connections in the community. Currently, the business operates cash only, is open 5 days a week, serves breakfast/ lunch so there's plenty of room for growth and increased profits.
The Numbers
- Asking Price: $355,000
- Cash Flow: Over $100,000 a year
- Square Footage: 2,300
- # of Seats: 50
- 18 Tables
- 3 booths
- 7 stools at the 12 ft diner counter
Listing Features
- Seller Financing Available for Qualified Buyers
- FF&E: Included
- Pepsi cooler, 2 refrigerators, 2 deep freezers, ice machine, 1 tv, 1 oven, 2 microwaves, reach-in refrigerator, toasters, commercial gas stove/oven, 2 fryers, slicer, cooler prep line, and more.
- Real Estate: Owned
- Year Established: 1991
- Reason for Selling: Retirement
- Currently open for breakfast/lunch 5 days a week
“"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
“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
“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
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Jim
The Vault
“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