Business For Sale

Classy Pasadena Bar & Restaurant at Blowout Price!

Pasadena, CA
Los Angeles County


Asking Price: Annual Revenue:
$149,995 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Classy Pasadena Bar & Restaurant at Blowout Price! Broker: Ryan Clark

Quick Facts

Asking Price: $149,995
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 9
BBN Listing #: 5074929
Broker Reference #: BrixPas2

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Business Overview:

This main street Pasadena bar and restaurant with beer and wine boasts a sophisticated ambiance with a versatile build-out and upmarket yet intimate style that would work as an East Coast style steakhouse, raw bar, gastropub, wine bar, Spanish Tapas, Sushi, Japanese Izakaya, Asian fusion, or any other number of food driven concepts that can be complemented by an onsite bar. The venue is in Old Pasadena’s high foot traffic corridor, so it enjoys great street visibility, plenty on street or structure parking and a number of complimentary hospitality and entertainment concepts nearby. As it is off of Colorado, the venue does not suffer from the lease rates that are so common nearby. The back of the house has a hood that covers a stove and oven, grill, griddle and deep fryer and a dry storage room, while the front of the house has a dining and a banquet room and a bar.

Training: 2 Weeks at 20 hours/week

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Property Features and Assets:

This 3,000 plus square foot bar and restaurant leases for just over $6,300 per month on a 5 year lease with options to be negotiated in the sale. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. Approximately $4,500 in inventory will be sold at cost at close.

Market Competition and Expansion:

Pasadena is a competitive dining and entertainment market. This venue’s attractive lease rate, however, provides it a unique competitive advantage over venues just around the corner or down the street. New operators may wish to convert this venue to any number of potential concepts than could thrive in this versatile space. It could be a great addition to an existing chain or a fantastic launching pad for an entirely new brand or concept.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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