GREAT BUSINESS OPPORTUNITY!! TWO Established business for Sale.

Asking Price$1,195,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$40,000
Included in asking price
FF&E$2,800,000
Included in asking price
listing imageSave

GREAT BUSINESS OPPORTUNITY!! TWO Established business for Sale.


Asking Price$1,195,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$40,000
Included in asking price
FF&E$2,800,000
Included in asking price
Business Description
Great opportunity to acquire two fully operational European-style restaurants with outdoor and event space next to each other. This unique opportunity is located within a historic building in Philadelphia, Pennsylvania, and presents a compelling business prospect.

The property includes two distinct restaurant spaces, complemented by an inviting outdoor patio, and comes with a valuable liquor license. The interior is elegantly designed with impressive furnitures and accessories, offering a refined ambiance that has successfully attracted and maintained a loyal customer base. Furthermore, its premier and up-and-coming location ensures excellent visibility and convenient access, which are crucial for continued success.

The current owner has invested a significant $2.8 million into the property, and all corresponding receipts are available for review to serious buyers. Additionally, there is an anticipated $500,000 in income from events that are already booked for the remainder of this year. All supporting documents and Banquet Event Orders (BEOs) for these events can be provided upon request. Asking price includes all aspects of the business as described.

To facilitate a deeper discussion and provide further detailed information including pictures, serious buyers will be required to sign a Non-Disclosure Agreement (NDA).
About the Business
Years in Operation
6
Facilities & Assets
Impressive in excellent condition furniture/ fixtures, three 5 years extension (total of 15 more years after the expiration date)!
Opportunities for Growth
Currently, both restaurants are only open five days a week for dinner. Significant opportunity to expand hours to include brunch and to be open seven days a week with greater use of outdoor space. New Upscale furnished apartments in our building, which will likely bring in many new customers. Additionally, the surrounding area has a high concentration of offices and businesses, presenting a strong potential for lunch and early evening diners.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
8,492
Rent
$12,000.00 per month
Lease Expiration
12/31/2031
About the Sale
Seller Motivation
Family Relocation
Transition Support
Training on operations and customer service, equipment usage, employee management as well as support in areas like marketing.
Listing Info
ID
2383824
Listing Views
251
Attached DocumentsAttachment Disclaimer

Confidentiality Agreement.pdf


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Listing ID: 2383824 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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