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Restaurant 500 Ft from Broad Street

Center City, Pennsylvania (Philadelphia County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $175,000 Inventory  
Gross Income Not Disclosed Real Estate  
Cash Flow Not Disclosed Year Established 2006
FF&E $50,000* Employees 5

* included in the asking price

** not included in the asking price

If you are looking for a restaurant site right off Broad Street this business is for you. The site offers high ceilings, good frontage and nice decor. It is currently operating as a franchise that the owners seek to close, which would allow the new owner to do whatever they want with the site. The current business has a walkin, full POS system, a good equipment. It does not have hoods or cooking equipment. The current owner has checked with the landlord and hood can be installed by the new owner. If you want to open a nice byob or even a pizza shop this is the place for you.

Facilities: 2400 sq. ft of space with over 8 years left on lease. Rent is approx. $5000 NNN. Space has very high ceilings with entry into office building and street. Located close to Broad street and has great visability and plenty of walk by traffic.

Competition: This location is only 500 feet off of Broad street on one of the best streets in the city. They key opportunity here is that the current rent is approx. 1/2 of what other rents on the block are.

Growth/Expansion: This location is currently being operated as small cafe, but the best use of the space would be to change it to a byob or full restaurant or pizza shop.

Financing: none

Reason Selling: Pursue other ventures

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