Restaurant And Bar For Sale
Location Pennsylvania,United States
Asking Price Range < $250K
Gross Revenues $505700
Net Profit / Cash Flow $226260
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training Yes
Reason for Sale Personal
Description Introducing a very cool Grill & Bar that is located downtown, where all the action is happening in this very active city. Only Italian in downtown; lawyers, students, and locals in general come to eat, drink and have a good time here, because this place has a liquor license. Over 300 new apartments were built last year and 300 more are coming. Location, location, location! 60 to 70 hours week work. Piano man Fridays and Saturdays and Wednesdays coming soon because people ask for him. Even though the real estate is not for sale, the buyer will get the whole building because everything is under one meter and the building has 2 apartments that rent for $1,700 total. When I sat with the owner to have this conversation, he told me that on Saturday night, there were about 60 people in the restaurant and that there were sales for about $3,300.
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