You’re going to want this!! Seller Financing Available – Over 9000 annual contactable diners. Make an Offer Today!!
38 W. King St, Lancaster, PA 17603
At a Glance
Perfect location in downtown Lancaster on the major thoroughfare through the city and adjacent to the convention center with the largest hotel in the county, farmers market, and theater. A local favorite with an incredibly loyal customer base of nearby local residents and business professionals in the downtown corridor is on the market for the first time. The interior provides an open format with a large bar with seating, updated equipment, and historical accents like a fireplace with original wood flooring that is turnkey for the buyer.
The Numbers
Asking Price: $570,000 "Asset Sale, Make an Offer"
Liquor License: Yes "R" License ($390,000)
Sq Ft: 4,000
# Of Seats: 120
Listing Features
FF&E: Included - A technology forward and fully enabled space that includes a wired Toast POS system with handhelds, touchscreen expo, bar & kitchen ticket routing, and QR code table-side ordering. This is the perfect opportunity for a strong operator to hit the ground running as the active customer base of 9600 email-contactable annual active diners (with a 50% email open rate) provides the perfect jumpstart.
Real Estate: Leased
Year Established: 2018
Support/Training from Sellers: Yes - Grant funding is also available as part of the acquisition to help offset the buyer’s debt service as part of the PA Improvement Zone Grants.
Reason for Selling: Moving Out of Town
Justin Staub
Vice President of Business Development - Central Pennsylvania
717-609-2062
justin@sofrankoadvisors.com
“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
“"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
“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
“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