Elite Downtown Hotspot In Philadelphia County For Sale

Property Information

Real Estate:

Lease

Lease Terms:

$16,000 per month.

Location:

Philadelphia, PA (Philadelphia County)

Premises Details:

Once a bank, this newly renovated, rebranded work of art has everything any restauranteur would ask for. The kitchen reminds of the Waldorf Astoria’s kitchen. The restaurant was renovated with a unique flow, private rooms, and carved-out gathering spaces (including a vault). Buildout costs exceeded $1 million.

Size in square feet:

5,200

Planning Consent:

Liquor License & zoning for restaurant/bar use.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

Restaurant has a Proforma to do $5 million with a fully chef-trained staff.

Reasons for selling:

Owner is retiring from the Restaurant/Bar Business

Trading hours:

Lunch, Dinner, Late Night Fare

Employees:

35

Years established:

4

Other Information

Support & training:

Turn Key with all management and staff training.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

10 Years at 8% for qualified restauranteurs with track record

Furniture / Fixtures value:

$650,000 - included in the asking price

Inventory / Stock value:

$40,000 - included in the asking price