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LOCAL BUSINESS IDEA

A cheesesteak shop that makes $492K a month

Frank Olivieri runs Pat's King of Steaks in Philadelphia. His family started it 96 years ago with hot dogs, then grilled chopped ribeye and onions on Italian bread. Frank has kept the same cheese steak recipe for decades and does one thing really well.

LOCALAs told on UpFlip, 19 Oct 2026
Revenue
$492K/Month
Sales growth
$2.5 million to over $9 million
Business age
96 years
Frank started helping at
11

How it makes money

The shop sells cheesesteaks to customers all day and night. A restaurant like this makes money from the sandwiches it sells, minus the cost of meat, bread, cheese and workers.

What it takes

Frank started helping at the family shop at 11 and worked up from employee to owner. A shop like this needs a good grill, fresh ingredients and a recipe people love.

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