One of Pasadena's Finest! Modern Relaxed Contempor

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$99,000 $1,100,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: One of Pasadena's Finest! Modern Relaxed Contempor Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $99,000
Annual Revenue: $1,100,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 294811533
Broker Reference #: 3845

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Business Overview:

One of Pasadena's Finest! Modern Relaxed Contemporary Restaurant with Beer & Wine Outdoor Seating

RRC#: 3845
Price Reduced: Offered At $99,000
Location: Los Angeles County
Annual Revenue: $1,100,000
Annual Cash Flow: Contact For Info
Monthly Rent: Covid rent $5,500 cams $2,400. Previously $11,000 total

Listing Description:
Built in 2017, this stylish restaurant is located in a prime shopping & entertainment destination. Build from the ground up with the finest materials including: concrete floors, Caesarstone tabletops, lots of natural light and fully equipped kitchen with walk in cooler, grease interceptor, 2 hoods, etc. Fantastic reviews across the board. Seating up to 80 with outside tables. Strong take out and delivery business. Owner has other business interests. Delivery sales average $13,000 a month. Business was closed mid Mar thru mid May. Landlord has reduced the rent due to current situation.
Some equipment includes: 2 hoods, grease interceptor, POS system, 2 new HVAC units, walk in cooler, 6 burner stove , double fryer, kegerator with 2 taps, 3 door under counter refrigeration, rice cooker, slicer, microwave, scale, 1-under counter refrigerator, 4 refrigerated chefs drawers, 8 ft SS prep table, ice maker, freezer, lowboy freezer, hot water warmer, tabletop rice cooker, storage racks, pan rack, pots, pans etc. 8 large Caesarstone tables, 75 chairs. Security system with 4 cameras, 2 speakers. Dishwasher is leased.

General Information:
Established: 2017
Current Owner: 2017
Employees: 9 currently, 21 Pre-Covid
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $91,666 Pre-Covid. Currently $35,000
Annual Revenue: $1,100,000
Cash Flow: Contact For Info
Payroll: Contact For Info

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Property Features and Assets:

Square Feet: 2,400; Seating: 75; Hours: 11:00 AM- 2PM -& 5:00 PM- 8:00 PM-Closed Mondays; Parking: Street and Public Lots.

Reason for Selling:

Other Interests.

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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