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Business for Sale Summary

Popular Bar & Restaurant for sale in PA - 34622

Business Type: other eating & drinking places,other food stores,restaurant/ cafes/ diners,seller financing available,bar/tavern/night clubs
Owner Financing
Popular Bar & Restaurant for sale in PA
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This business has received 78 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $450,000 Down Payment $300,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $225,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $150k at 6% for 12 months

Business Description

Restaurant & Bar with a craft beer menu and some stimulating cocktails, a delicious food menu, and weekend brunch. Located in the heart of Philadelphia, the building has 5,000 square feet and bars on both floors. The 1st floor is the main business area, with a stage for live bands and events. The 2nd floor is regularly filled with private catered events, with a capacity for up to 120 people. There is a decent sized kitchen and dishwashing area, as well as basement storage with walk-in coolers, freezers, and refrigerators. Business has picked up increasingly since lockdown restrictions have been lifted, and it is currently very busy. This business will come with a Philadelphia liquor license worth $220,000 (included in the sale), and training will be provided by the seller. We are seeking a serious and financially qualified buyer. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.