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Two Banquet Rooms. One Turnkey Opportunity.","two-bars-two-banquet-rooms-one-turnkey-opportunity-f26ddfe3","previousSlugs",[],"description","Rarely does an opportunity like this come to market. Joe's Bar & Restaurant is a fully operational, cash-flowing hospitality business offering a buyer nearly $1 million in annual gross revenue, a separately appraised PA Liquor License, a complete 2022 renovation, and one of the most enviable parking footprints in the Pittsburgh metro — all in a single acquisition.\n\nThe Numbers Tell the Story.\n\nThe 2024 gross revenue hit $935,151 with a Seller's Discretionary Earnings (SDE) of $162,802 — and the trajectory is firmly upward. Revenue is already up 30% since Island Avenue reopened, and there's no sign of it slowing. An independent appraisal supports the asking price: real estate at $875,000, the PA Liquor License at $125,000, and equipment at $100,000 — a combined appraised value of $1,100,000.\n\nThe Property Is As Strong As the Business.\n\nThe 9,690 SF main building sits on 0.73 acres and was fully renovated in 2022 — no deferred maintenance, no guesswork. Two full-service bars. Two private banquet rooms. A seasonal outdoor patio. And the crown jewel: a dedicated, separate 60-car parking lot, an asset virtually impossible to replicate at this price point in the Pittsburgh market.\n\nEverything Transfers. Nothing Left Behind.\n\nThe PA Liquor License, all furniture, fixtures, and equipment are included in the purchase price. This is a true turn-key handoff — walk in, open the doors, and start collecting revenue from Day One.\n\nWho This Is Built For.\n\nOwner-operators ready to step into a proven concept. Regional restaurant groups looking to expand. 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Jim Schons

Active Listings (1)

Two Bars. Two Banquet Rooms. One Turnkey Opportunity.