WELL ESTABLISHED CHEESESTEAK EATERY IN SOUTH PHILADELPHIA This 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 complexes FINANCIAL 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 location TRANSITION 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.