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- RE: Cheesesteak Restaurant – Iconic, Great Location
- Contact: Eric Feinberg
- License #: RS318964
Quick Facts
| Asking Price: | $2,000,000 | |
| Annual Revenue: | $4,000,000 | |
| Net Profit: | $1,300,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1990 | |
| Employees: | 35 | |
| BBN Listing #: | 994902 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This is a rare opportunity to acquire two long-established, highly profitable food and beverage businesses located in a high-traffic area of Philadelphia. Operating under the same ownership for over 30 years, the businesses include a well-known cheesesteak restaurant and a popular neighborhood bar. Both are staples in the community, with strong brand loyalty and thousands of positive online reviews.
The businesses benefit from consistent customer flow, efficient operations, and experienced staff in place. They offer a turnkey opportunity with fully equipped kitchens and bar areas, and lease terms that are negotiable. One of the businesses is cash-only, providing strong weekly cash flow. Despite competitive market conditions, both continue to thrive due to their reputation, location, and longevity.
Growth opportunities include expanding hours, offering delivery, licensing brand merchandise, or potentially franchising. Seller is open to partial financing and will provide training and support during the transition. >>
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Property Features and Assets:
The businesses occupy adjacent leased commercial spaces on a busy urban corridor in Philadelphia. The properties are maintained in good condition, featuring fully equipped kitchens and bar areas with A-class equipment that support turnkey operations. Seating is designed to efficiently serve both dine-in and takeout customers, creating a welcoming atmosphere for patrons.
Included assets in the sale comprise furniture, fixtures, and equipment necessary for continued operation, as well as licenses and established brand presence. Lease terms are negotiable, and a large parking lot is included in the lease. The premises’ prime location on a high-traffic street enhances visibility and customer accessibility.
These combined features provide a solid foundation for ongoing success and future growth opportunities.
Market Competition and Expansion:
The businesses operate in a competitive urban food and beverage market but hold a unique position within this neighborhood, as there are no other iconic cheesesteak establishments nearby. This exclusivity strengthens their brand loyalty and customer base.
Their strong community presence and decades-long reputation provide a significant competitive edge. Expansion opportunities include branded merchandise and licensing, targeted marketing to broaden reach, and potential development of additional locations or franchising. Enhancing digital ordering and operational efficiency also offer paths for growth.
Reason for Selling:
Retirement. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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