Blind Item: Fairmount

Blind Item: Fairmount
Here’s a good blind item. Restaurant and bar for sale in the city’s Fairmount section.

Price: $5 Million

Fabulous historic restaurant and bar in Fairmount section of Philadelphia. Original bar dates to 1915 with original bar, mosaic floor, tin walls and ceiling. There are two bars, fine dining restaurant seating 50, sidewalk dining, weather permitting. Second floor has a Banquet Room with adjoining cocktail lounge/breakout room for 125 people. In addition there is a private catering room on the third floor, together with offices and space for roof deck. Three floor elevator and dumbwaiter. All rooms have separate HVAC. New copper plumbing (2004). 600amp three phase electric. Sale includes all equipment, fixtures, goodwill, and computerized ordering system. Incredible city skyline views from second and third floors.

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  • Jersey Joe

    Sounds like Rembrandts. The price is awfully steep though.

  • sterry

    Rose Tattoo?

  • Niblet

    Definitely Rembrandt’s. I heard this a couple of months ago. I don’t think the changes made a couple of years ago were profitable.

  • bk

    rembrandt has an elevator…