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Business For Sale Listing #BFS-157528:

South Street Restaurant/Lounge - Live Music Permit

Industry

Sector:	Accommodation & Food Services
Industry:	Restaurants

Location

Classification:	US // Middle Atlantic // Pennsylvania // Philadelphia
Location:	South Street
Relocatable:	No

Financials

Sales:	Between $500 Thousand And $1 Million ($600,000)
Profits:	Not Disclosed
Profit Type:	Not Disclosed
Asking Price:	Between $100 Thousand and $500 Thousand ($375,000)

Business Summary

Two story 4,000 sq. ft. Caribbean Restaurant and Lounge on South Street. PLCB License and both live music and dance permits, which are nearly impossible to obtain in Center City, included in price. A colorful, upscale, young professionals destination/hangout with great curb appeal, sidewalk seating and an extensive sound system. Owner is just one year into his lease but the restaurant is taking too much time away from his primary business interests. Good lease, solid gross with room for growth, the business is offered at a very fair, below market, price. Take over the existing theme with the owner staying on to train or make greater use of the permits and develop a large dance club/concert hall on South Street.

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