Business For Sale

Restaurant and RE with 47 license in Pasadena

Pasadena, CA
Los Angeles County


Asking Price: Annual Revenue:
$3,579,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant and RE with 47 license in Pasadena Broker: Cory Winick

Quick Facts

Asking Price: $3,579,000
Annual Revenue: $1,200,000
Net Profit: $250,000
Cash Flow: $250,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 25
BBN Listing #: 520852285
Broker Reference #: Not Disclosed

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Business Overview:

Price Just Reduced! Profitable and well established Italian Bistro & Bar with 47 license is for sale in this great location on the Rose Bowl Parade route in Pasadena that faces two major boulevards! Free standing building that was completely remodeled 3 years ago with ample parking in the rear. This award winning restaurant is absolutely beautiful and you must see it to appreciate it. They have high ceilings, a full bar and a large above ground patio. Well over $150,000 worth of furniture, fixtures and equipment are included in price. They are one of the pioneers of the Wood Fired Gourmet Pizza concepts with sales of approximately 1.2 million a year with a cash flow of over $20,000 a month. Restaurant is also available for sale seperately without property for $690,000. Seller is retiring.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • 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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