Elite Downtown Hotspot
Philadelphia, PA
| Asking Price: | $2,000,000 |
| Inventory: | $40,000 |
| EBITDA: | $520,000 |
| Established Year: | 2021 |
| Gross Revenue: | $2,000,000 |
| Rent: | $16,000 |
| FF&E: | $650,000 |
Listing ID: 2095587Listing provided by BizBuySell
BUSINESS DESCRIPTION
This Trendy Hot Spot offers an elegant setting for the the center city after & during work chatter serving Lunch, Dinner in between and late night fare. It has been quoted as the spot to meet for every occasion. OWNER FINANCING AVAILABLE
DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,200
Employees
35
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Once a bank this Newly renovated, rebranded Work of Art has everything any restauranteur would ask for in 2023, The Kitchen reminds me of the kitchen in the Waldorf Astoria. They did not miss a beat. The restaurant was renovated with a Unique Flow unlike I have ever seen drizzled with private rooms and carved out space for gatherings. (one being a vault.) The build out costs exceeding 1 million is the ultimate design,
The assets are the FF&E , Liquor License & Good Will. Restaurant has a Proforma to do 5 million with a Fully Chef trained staff, Turn Key
Financing
!0 Years 8% For qualified restauranteurs with track record
Support & Training
Turn Key with all management and staff training
Reason for Selling
Owner is retiring from the Restaurant/Bar Business
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