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: FINANCIAL HIGHLIGHTS: 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.
- 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
- 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