INCLUDES LIQUOR LICENSE | REAL ESTATE AVAILABLE | POTENTIAL FOR SELLER FINANCING
At a Glance
This central PA opportunity has two successful restaurants and additional rental space. The two restaurants/bars have separate concepts but are in the same building. There is a nice outdoor patio space that is often utilized for events and live music. Both spaces have built-in bars and a clean modern aesthetic. They are valued at $1.6 million and make $3,500,000 of revenue put together.
The building also has 15 residential apartments in the upper levels and 4 other commercial rental spaces. Together these rentals currently bring in an additional $420,000/yr. With the option for seller financing, this is a great investment opportunity.
The Numbers
- Asking Price: $7,500,000
- Includes PA "R" liquor license valued at $150,000 and real estate
- Gross Revenue: $3,500,000 restaurants
- Square Footage: 40,000 whole building
- # of Seats: 100+
Listing Features
- FF&E: Included
- Year Established: 2010
- Reason for Selling: Focusing on other businesses
- $420,000/ yr addition income currently comes from rentals
- Seller financing available for qualified buyers
Chad Vail
Vice President of Business Development - Eastern PA
570-606-9206
chad@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
“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
“"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
“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