Turnkey, Profitable Italian Restaurant w (R)Liquor License

Ridley, PA (Delaware County)

Bar area
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Asking Price: Get Financing: $200,000

Cash Flow: $130,000

Gross Revenue: $925,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $395,000*

Established: 1960

*not included in asking price.

Turnkey, Profitable Italian Restaurant w (R)Liquor License

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Business Description

Longtime established and thriving turn-key restaurant in Delaware
County. This family owned and operated business has been
operating since 1960. This restaurant is conveniently located in a
(+/-) 4000 SF free standing building on the heavily traveled Chester
Pike with 24,000 +/- ADT. Building in excellent condition and has 22
bar seats and dining seating is 133. The sale would include 3 parcels
which are the building, large parking lot in the rear and a large
parking lot across the street. Building in excellent condition.
Excellent demographics - 123,498 people within 3 mile radius. High-density area with an average household income of $77,759. The
long-time restaurant business is being sold either together with the
real estate or separate for $200,000 which includes a Class (R) liquor
license. The restaurant business currently grosses $18,000/
wk. Could be a good investment with a brand new long-term lease
commencing at settlement.

A Delaware County Landmark (Family owned and operated for 56 years), This locals' favorite Italian Restaurant featuring homestyle Italian dishes since 1960, has become available after 57 years.

Great visibility and signage - 2 parking lots with 55 car capacity.

Minutes from MacDade Blvd, Rt 95, Rt 476, and US 1.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Facilities:
PROPERTY HIGHLIGHTS • Long-time family owned restaurant with 50+ years. • Turnkey restaurant. • 123,498 people within 3 mile radius. • Great location - just minutes from the Philadelphia Airport. • Business also for sale grossing $18,000 per week. • Liquor license Class (R) included in business. • Business sold with real estate or separate for $200,000. • Could be a good investment with a brand new long-term lease commencing at settlement.
Competition:
Ideal for large groups since only 8 minutes from Philadelphia airport hotels and all major sporting arenas, including Talen Energy Stadium. Citizen’s Bank Park, and Lincoln Financial Field. BUSINESS FOR SALE The business is being sold either together with the real estate or separate for $200,000 which includes a Class (R) liquor license. Business currently grosses $18,000/wk.
Growth & Expansion:
Currently does not open for lunch, opening may increase sales significantly, or use this underutilized daypart to book luncheons, and special events-(there is plenty of parking between the two lots) to host events of all sizes.
Reason for Selling:
Owner and family want to retire after 57 years
Business Website:
http://triesterestaurant.com
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Contact the Seller

(from currently available funds)
 
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Raymond Lind

Business Listed By:
Raymond Lind

Keller Williams Restaurant Group

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