We know that the city of Pittsburgh is coming back, despite any bumps in the road because Pittsburgh is resilient and creative! If anyone can come back from this difficult time, it’s Yinzers! We truly believe that this is just the beginning of a Restaurant Renaissance in the city, particularly downtown.
We recently shared an article from Forbes Magazine called “Why Restaurants Will Not Just Survive But Thrive After The Pandemic.” The following passage really stuck out to us in light of current times:
…In the aftermath of Katrina, New Orleans gained restaurants. Where there had been 984 restaurants in the city before the hurricane, there are now more than 1,300, an increase of about 30%.
This is not to say that restauranteurs aren’t facing unprecedented struggles, but just that growth and creativity is going to blossom in the years to come out of these challenges.
Be a part of the upcoming reopening of Downtown Pittsburgh with your new restaurant.
We know there are still restrictions on dining downtown, as well as fewer workers in downtown offices. Now is actually the time to jump into a new opportunity if opening a downtown restaurant is your dream. The process of buying a restaurant takes time, especially now, so getting started now will allow you to be ready to open in 2021.
Downtown Pittsburgh Listings
NOLA on the Square: Turnkey Restaurant In Market Square
Quick facts:
- Asking Price: $125,000 + City of Pittsburgh Liquor License
- Square Feet: 6,000 sq ft on the Main Floor
- FF&E: Included
- Real Estate: Leased
Chef’s Dream Restaurant in Pittsburgh City Center
Quick facts:
- Asking Price: $580,000
- Restaurant valued at $495,000
- City of Pittsburgh Liquor License valued at $85,000
- Gross Revenue: $3+ million
- Square Feet: 5,100 + 3,400 sq. ft. of storage
- Seating: Approx. 130 + Outdoor Patio
Traditional Downtown Italian Restaurant And Pizzeria
Quick Facts:
- Asking Price: $475,000
- Includes City of Pittsburgh “R” Liquor License valued at $80,000
- Gross Revenue: $500,000
- Square Feet: 3,000
- #of Seats: 130
Like-New Restaurant In the Heart of Downtown
Quick Facts:
- Asking Price: $139,500
- Square Feet: 1,140
- Real Estate: Leased
Fast-Casual Downtown Restaurant Space
Quick Facts:
- Asking Price: $174,900
- Square Footage: 2,300
- Real Estate: Leased
PRICE IMPROVEMENT: Prime Downtown Pittsburgh Restaurant and Bar
Quick Facts:
- PRICE IMPROVEMENT: $295,000
- Gross Revenue: $1,400,000
- Cash Flow: $170,000
- Sq Ft: 5628
- # of Seats: 180
