Restaurant Avenue of the Arts, Center City Philadelphia

Philadelphia, PA (Philadelphia County)

Seller Financing Available
Restaurant Avenue of the Arts, Center City Philadelphia

Asking Price:$210,000

Cash Flow:$150,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:$10,000*

Established:N/A

*not included in asking price.

Restaurant Avenue of the Arts, Center City Philadelphia

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Business Description

Restaurant located in the heart of the “Avenue of the Arts” art and culture neighborhood of Philadelphia – one of the premier locations available in the city. High vehicle and pedestrian traffic in the area. Business benefits from referrals of nearby theaters, including the Kimmel Center and from patrons drawn from high income condos located in the area. Turn-key, ready-to-go on purchase. Opened in 2009 in current location. Rent $7500 nnn through 2018 with a five year option for renewal. Price includes Philadelphia County “R” Liquor License currently valued at $175,000. The dining area is 1665 sq ft with seating for 48. The tables, seating and other fixtures are of the highest European quality. There is additional al fresco dinning with seating for 25. The space includes a beautiful bar area at the entrance with seating for 12. The kitchen is 500 sq ft. All new equipment were installed in 2009. Parking garages abound nearby. Trained staff in place. Asking price $210,000 for the business and market price for the liquor license currently valued at $175,000. Cash flow $150,000. Seller financing available to qualified buyer.

Detailed Information

Inventory:
Not included in asking price
Facilities:
Restaurant located in the heart of the “Avenue of the Arts” art and culture neighborhood of Philadelphia – one of the premier locations available in the city. High vehicle and pedestrian traffic in the area. Business benefits from referrals of nearby theaters, including the Kimmel Center and from patrons drawn from high income condos located in the area. The dining area is 1665 sq ft with seating for 48. The tables, seating and other fixtures are of the highest European quality. There is additional al fresco dinning with seating for 25. The space includes a beautiful bar area at the entrance with seating for 12 The kitchen is 500 sq ft. All new equipment were installed in 2009. Parking garages abound nearby
Financing:
Available to qualified buyers

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Ronald Hoxter

Business Listed By:
Ronald Hoxter

Mill Creek Partners

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