E.V. Bishoff Company

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Pittsburgh Equipped Space

At the Pittsburgh Technology Center, 322 Fourth Avenue, we are now offering Mezzanine Level- Catering Space

• Approximately 4000 Square Feet
• Close to many bus lines, T and parking garages, along with private lease parking available next to the building
• Building Features Include: Kitchen equipment, Hood, Coolers. New carpet, fresh paint included.

 

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Currently leased is a fully equipped Restaurant/Bar located on the corner of Liberty and Fifth and overlooking Market Square.

• Over 130,000 office workers in 24,000,000 sq. ft. of office space in an 8 block radius
• 3,332 hotel rooms within a 5 block radius
• Adjacent to Robert Morris College, Point Park College, Culinary Institute, The Art Institute & the PPG Complex
• Unlimited possibilities for an experienced bar, restaurant, nightclub, or deli operator
• High visibility location for your exterior signage
• Walking distance to PNC Stadium, Heinz Field, and 8,000 theatre seats

CURRENTLY NOT AVAILABLE

 

 

If you are interested in creative finance options or alternatives to get your restaurant up and running, we offer several different programs. They include:

TRADITIONAL RENTAL PROGRAM

• Standard Fixed Rent Program: 
 

Negotiate your best deal on rent and term and you’re in business.

REVENUE SPLIT RENTAL PROGRAM

With Operators that have a demonstrated history of excellence in their field, we will consider operating with them under our Revenue Split Program.  Our Program operates under the following basic terms and conditions:

Operator Qualifications:

• At least 5 years experience
• $100,000.00 net worth of liquid and/or unattached assets
• Demonstrated ability to fund or finance any and all capital improvements, inventory, and ongoing operations of the Food and Beverage operation

Rent:

In the Revenue Split Program, the rent becomes a variable expense, taking away the risk associated with a large, fixed monthly rent and will be calculated as follows

• A 20% of gross income for rent, which includes the administrative fee and marketing fees.

OPERATING ACCOUNTS

All gross income will flow through a stand-alone account managed by the landlord.  On a regular basis, all operating funds, net of the above rent, will be electronically swept to the operating account maintained and managed by tenant.

MINIMUM QUARTERLY GROSS INCOME

A minimum quarterly gross income will be established between landlord and tenant representing that level of sales that both mutually agree must be maintained.

PARTIAL FUNDING

Under this Program, arrangements can be made for the partial funding for certain food and beverage-related activities including funding needed for restaurant alterations, liquor permits and equipment.

WAITING LIST:

If you would like to be notified when any of these properties become available, please send your contact information to mhartley@evbco.com.

 

 

 

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