Within walking distance or a quick Uber ride for most customers.
$700,000 in upgrades.
Will not last long at this price!
At a Glance
Net income over $500,000 with below-market rent!! Well-known hot-spot. In excess of $2.4mil in gross sales, in a popular affluent area with well below market rent. Garner a 40% profit margin with a concept that is bar focused. Completely turnkey. Very well maintained.
The Numbers
Asking Price: $499k Now $299K
Gross Revenue: Approx $2mil
Net Income: Over $500K
Cash Flow: $500k
Liquor License: Allegheny County (City) R-LL ($120k value)
Sq Ft: 5000SF
# of Seats: 115
Listing Features
FF&E: Included, All new equipment and kitchen.
Real Estate: Leased (Below Market Rent)
Year Established: 2014
Support/Training from Sellers: Yes
Competition/Market Pros & Cons: Great location near heavily populated affluent area & several colleges / Adjacent to public parking / Diverse crowd
“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
“"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'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
“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
“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