DOWNTOWN PGH ITALIAN RESTAURANT WITH EVENTS/CATERING POTENTIAL
At a Glance
In the heart of Downtown Pittsburgh, this establishment is known for its thriving lunch business. With a front counter, main restaurant area, back event room, and bar area, this space has a lot of potential for private events, catering, lunch specials, and more.
The restaurant is close proximity to downtown office buildings including the BNY Melon Building and the US Steel Building. The landlord is amenable and will negotiate a favorable lease for the new buyer.
The Numbers
- New Asking Price: $295,000
was $475,000- Includes City of Pittsburgh "R" Liquor License valued at $85,000
- Gross Revenue: $500,000+
- Square Feet: 3,000
- #of Seats:
- Front: 20
- Back Room/ Bar: 50
- Dining Room: 50
Listing Features
- FF&E Included
- 4 TVs, 4 deck ovens, reach-in fridge and freezers, commercial oven, fryers, hood & ansul system, prep tables
- Year Established: 1976
- Support/Training from Sellers: Yes
- Real Estate: Leased
- Favorable Lease
- Reason for Selling: Retirement
- Close proximity to downtown office buildings etc.
Matthew J. Burek
Senior Vice President, Head of Sales and Business Development
412-779-1606
matt@sofrankoadvisors.com
“"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
“"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
“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
“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
“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
“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