Turn-Key Family Restaurant | Pittsburgh Inn

Erie, PA
Turn-Key Restaurant with Liquor License
Asking Price:$330,000
Established Year:1925
BUSINESS DESCRIPTION

Unique opportunity to buy or lease the famous Pittsburgh Inn of Erie, PA! Located along a major thoroughfare with 11,000 average daily traffic (AADT PennDOT - 2022 Count Year). Only 1.8 miles from Presque Isle State Park and Waldameer & Water World amusement park. Be the operator of the famous, 100 year, highly established Pittsburgh Inn - known for its enjoyable family atmosphere and awesome food! 3,061± SF turn-key facility with first floor restaurant & 2 bedroom upper apartment. First floor restaurant area encompasses 1,765± SF and includes table seating for ±58, bar seating for ±11, a fully equipped commercial kitchen & 2 restrooms. The restaurant also utilizes 1,765± SF lower-level storage & additional exterior walk-in freezer. Floor plan & 3D tour available. 1,296± SF 2 bedroom, 1 bathroom upper apartment with 648± SF attic offers income or owner occupancy opportunity – currently leased at $800/month plus electric. Situated on a 0.35± acre corner lot with parking for ±30. Zoned MU-1 – Neighborhood Mixed-Use (Millcreek Township). Public utilities. Three year gross sales average - $316,803 (average 22 operating hours weekly). Upside potential with return to historical 6 days of operation at 64+ hours. Sale includes real property, business, liquor license & all business assets. Lease options available to qualified applicants. Lease rate negotiable – must be operated as the Pittsburgh Inn. Real property with turn-key business offered at $330,000. PA liquor license offered at $145,000 (liquor license cannot be purchased without real property/business). Confidentiality agreement required for full details. Contact broker for additional information or to schedule a tour.


ATTACHED DOCUMENTS
Flyer with Floor Plan & CA.pdf Download

DETAILED INFORMATION
Location
Erie, PA
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,061
Facilities
3,061± SF turn-key facility with first floor restaurant & 2 bedroom, 1 bathroom upper apartment. First floor restaurant area encompasses 1,765± SF and includes table seating for ±58, bar seating for ±11, a fully equipped commercial kitchen & 2 restrooms (floor plan available). The restaurant also utilizes 1,765± SF lower-level storage & additional exterior walk-in freezer. Situated on a 0.35± acre corner lot with parking for ±30.
Growth & Expansion
Upside potential with return to normal business hours - currently operating a 22 hour work week, serving dinner 5 days a week. Historically operated 64 hours weekly offering lunch, dinner & weekend brunch.
Support & Training
Owner training & transitional assistance available.
Reason for Selling
Owners retiring after 17 years

BUSINESS LOCATION
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Sherry
Bauer
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Sherry Bauer