At a Glance
A must-see opportunity in Pittsburgh situated on a bustling thoroughfare known for its beers and its iconic fish sandwiches. They boast an average of 900 sandwiches sold per week during Lent. This long-standing establishment has earned a reputation that extends well beyond its immediate neighborhood.
From the outside, this Lounge is a beacon on the busy road, thanks to its welcoming neon sign and mouthwatering aroma that drifts through the air.
A recent $44,000 remodel and expansion this summer makes room for the expanded open bar area, the back pool table room with plenty of seating, a nice-sized kitchen with a walk-in cooler, and a private gaming area.
Well-staffed with 6 bartenders and 4 cooks. All the needed kitchen equipment. 4 poker games, 1 skill game, 1 dart board, and a pool table that is 100% paid for.
This includes an Allegheny R License currently valued at $127,000.
This turn-key business sits in a small plaza with several additional businesses, ask about purchasing the plaza for the right price!
Ed Leone (412)512-7785
The Numbers
Asking Price: $215,000
Gross Revenue: $311,000
Liquor License: Yes, Allegheny R $127,000
Sq Ft: 1997 sq ft
# Of Seats: 50 total
Listing Features
FF&E: included, completely remodeled this summer $44,000
Real Estate: Leased, $1,750 5-year extension starts Jan 2024
Support/Training from Sellers: yes
Reason for Selling: A number of other businesses, son didn’t want to take over
Competition/Market Pros: On a busy traffic road 30,000 plus vehicles per average day
Growth and Expansion Opportunity: Social media, website
“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
“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
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Jim
The Vault
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Terry
Sam's Pop & Beer