Prime Center City Location

Philadelphia, PA (Philadelphia County)

Prime Center City Location
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Asking Price: $600,000

Cash Flow: N/A

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Prime Center City Location

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Business Description

Prime Center City Location Restaurant

At a Glance
This is a serious space for a serious operator. Situated in the heart of the thriving Philadelphia Theater District, this location is large enough and equipped well enough to support virtually any restaurant concept you can think of. Presently occupied by an operator who needs to take his super successful concept to the next level, this is a showcase location that places the buyer directly in the center of Philly’s renowned and highly acclaimed restaurant scene.

The Numbers:
Asking Price: $600,000
Gross Revenue: $1,400,000
Cash Flow: Approximately $250,000 annually,
Sq Ft: approximately 5,000
# of Seats: Dining rooms = 120; Bar= 40

Listing Features:
FF&E: All FF&E, Philadelphia ‘R’ Liquor License
Lease: 3 years into a 5 year lease with two 5 year options
Prime, center city Philadelphia location
Squarely in the middle of the theater district
Large space is super flexible
Kitchen will accommodate virtually any concept or menu
Prime Center City location
Easily accessible by foot
Sophisticated consumers that frequent this area are foodies who are constantly seeking great new restaurants
The property can easily handle the high volumes of top tier restaurant concepts

Detailed Information

Location:
Philadelphia, PA
Facilities:
• Prime Center City location • Easily accessible by foot • Sophisticated consumers that frequent this area are foodies who are constantly seeking great new restaurants • The property can easily handle the high volumes of top tier restaurant concepts
Competition:
1. Prime, center city Philadelphia location 2. Squarely in the middle of the theater district 3. Large space is super flexible 4. Kitchen will accommodate virtually any concept or menu
Growth & Expansion:
This is an amazing space in one of the hottest, most glamourous parts of Philadelphia. It is large, flexible and exceptionally appealing. A solid operator with a great concept and flawless execution could easily generate $5,000,000 plus from this location.
Reason for Selling:
Seller is looking for a bigger space
Business Website:
http://sofrankoadvisors.com/listing/prime-center-city-location/
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Contact the Seller

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Kerry Lohrman

Business Listed By:
Kerry Lohrman

SOFRANKO ADVISORY GROUP, LLC

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Sponsoring Broker:
Ronald A. Sofranko, Principal

Listing Statistics

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