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    134 Bala Avenue

    BALA CYNWYD, PA 19004
    • $375,000
    • STATUS: Active
    • ON SITE: 151 days
    • MLS #: PAMC665212
    $375,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    This Rustic Italian Seafood BYOB has the freshest Seafood in the Philadelphia area and great Italian specialties as well.The current owner operates the restaurant Tuesday through Sunday between 5 PM and 10 PM, only serving dinner. The revenues and cash flow this restaurant generates, given it's a BYOB and only open in the evening, is truly amazing. The opportunity for a new owner is incredible. If a new owner added just weekend brunch (there are no restaurants doing brunch in the area) revenues and cash flow could increase dramatically. Currently the owner does no advertising; with advertising, both sit- down diners and app-based delivery (the fastest growing sector of the restaurant business), should see increased revenues and profits. There are also two high end residential developments currently under construction within walking distance that will add over 300 housing units to the area.Take advantage of this owner's desire to move on to a new project. He is willing to finance part of your turnkey purchase. Purchase this restaurant and start making money day one.

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    www.marylandshoreliving.com/homes/110427790
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    134 Bala Avenue BALA CYNWYD, PA 19004

    • Price: $375,000
    • Status: Active
    • MLS #: PAMC665212
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    Neighborhood:
    Bala
    County:
    Montgomery
    Area:
    Lower Merion Twp (10640)
    School District:
    Lower Merion
    Property Description
    This Rustic Italian Seafood BYOB has the freshest Seafood in the Philadelphia area and great Italian specialties as well.The current owner operates the restaurant Tuesday through Sunday between 5 PM and 10 PM, only serving dinner. The revenues and cash flow this restaurant generates, given it's a BYOB and only open in the evening, is truly amazing. The opportunity for a new owner is incredible. If a new owner added just weekend brunch (there are no restaurants doing brunch in the area) revenues and cash flow could increase dramatically. Currently the owner does no advertising; with advertising, both sit- down diners and app-based delivery (the fastest growing sector of the restaurant business), should see increased revenues and profits. There are also two high end residential developments currently under construction within walking distance that will add over 300 housing units to the area.Take advantage of this owner's desire to move on to a new project. He is willing to finance part of your turnkey purchase. Purchase this restaurant and start making money day one.
    Exterior Features

    Construction Materials Stone Garage YN No Parking Features Handicap ParkingLighted ParkingPaved ParkingPrivateSurface Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling Central A/C Heating Hot WaterForced Air Heating YN Yes Inclusions All EquipmentFixturesArtwork

    Property Features

    Acceptable Financing CashBank PortfolioSeller Financing Accessibility Features 36"+ Wide HallsGrab Bars Mod Assessment Year 2021 Association YN No Business Name Pescatore Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Cross Street Highland Ave Current Use Restaurant Gross Income 900000.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Lower Merion Twp Navigable Water YN N Net Operating Income 250000.00 New Construction YN No Original MLSNumber 304318689340 Ownership Interest Leasehold Possession 61-90 Days Cd Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 24912.00 Tax Assessment Amount 648990.00 Tax Lot 332 Vacation Rental YN No Water Source Public Zoning C2

     
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