Skip To Content

134 Bala Avenue

BALA CYNWYD, PA 19004
  • $375,000
  • STATUS: Active
  • ON SITE: 303 days
  • ID#: PAMC665212
UPDATED: 48 min ago
$375,000
  • 0
    BEDS
  • 0.13
    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.

Monthly Payment Calculator



©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | REMAX Horizons. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-07-27T19:53:30.493.
www.paulacashion.com/homes/110427790
Print Image

134 Bala Avenue BALA CYNWYD, PA 19004

  • Price: $375,000
  • Status: Active
  • Updated: 48 min ago
  • ID#: PAMC665212
0
Beds
0
Baths
0
½ Baths
0.13
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 Municipality 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

Listing courtesy of Liberty Bell Real Estate Agents Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Paula Cashion | REMAX Horizons. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-07-27T19:53:30.493.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304318689340-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304318689340-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_304318689340-2.jpg
Logo
Paula Cashion | REMAX Horizons
1198 S. Governors Ave, Suite 101
Dover DE, 19904