Potential Acquisitions · #11

Well Established Cheesesteak Eatery In South Philadelphia in Philadelphia, Pennsylvania

Location

Philadelphia, Pennsylvania

Category

American Restaurants > Food and Related products

Asking price

$3,200,000

Description

WELL ESTABLISHED CHEESESTEAK EATERY IN SOUTH PHILADELPHIAThis iconic Philadelphia cheesesteak restaurant presents an exceptional opportunity to acquire a thriving business with over 30 years of proven success. Established in 1992, this profitable operation generates $2.5 million in annual revenue and is strategically located in South Philadelphia's highly desirable commercial corridor near Penn's Landing, Delaware Avenue, and major sports complexes.BUSINESS OVERVIEW:The restaurant operates from a 2,500 square foot building and has built a loyal customer base over three decades. With consistent profitability and strong cash flow, this turnkey operation is ideal for investors or operators seeking an established income-producing asset in Philadelphia's competitive restaurant market.REAL ESTATE INCLUDED:The sale includes owned real estate valued at $2 million, featuring the main restaurant building plus an additional vacant lot at 29 E Oregon Avenue. This provides significant development potential in a rapidly redeveloping neighborhood experiencing new residential construction and commercial growth.GROWTH OPPORTUNITIES:- Prime location on busy Oregon Avenue industrial and residential corridor- Proximity to sports complexes drives consistent foot traffic- Vacant lot offers expansion possibilities- Potential for multi-story development for business and residential use- Located in rapidly gentrifying area with new apartment complexesFINANCIAL HIGHLIGHTS:- Annual Revenue: $2.5 million- Established customer base with 30+ years of operation- Inventory valued at $30,000 included in sale- Strong profitability in premium locationTRANSITION SUPPORT:The current owner is retiring after decades of successful operation. Full staff will remain with the property and business, ensuring seamless transition. Seller financing available at $1.2 million over 10 years.This represents a rare opportunity to acquire an established Philadelphia institution with significant real estate value and expansion potential in one of the city's most sought-after commercial districts.Qualified buyers only. Proof of funds required prior to financial disclosure.

Broker

ARTHUR KOUSOMBOS

Broker phone

610-656-2003

Source listing

https://www.bizbuysell.com/business-opportunity/well-established-cheesesteak-eatery-in-south-philadelphia/2539912/

First seen

2026-08-21 18:07:06

Last seen

2026-09-13 18:39:39

Match

Red