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Old Pasadena Restaurant - Prime Colorado Boulevard
Location: United States -> California -> Southern California - Los Angeles Area -> Pasadena
Industry: Food and Beverage > Other Food and Beverage




Business Summary

This Old Pasadena venue is an extraordinarily attractive a prime Colorado Boulevard retail storefront with a spacious kitchen. The fully equipped facility is suitable to host another bakery or any number of general food service concepts including coffee, quick service, dine-in or take-out restaurant or even a catering-oriented concept.

Asking price: $39,000

The 2,193 square foot facility leases for $9,600 per month including common area maintenance (CAM) expenses on a lease with coverage through 7/31/2026 with 1 five year option. The kitchen has 4 convection ovens, a stovetop and 2 bucket deep fryer, along with several prep tables, a fridge and freezer and a 3 bucket sink. It also has a spacious dry storage area, a walk-in cooler and freezer and a manager's office. All of the business's furniture, fixtures and equipment will be included in the sale. The name, menu and recipes will not be included, however, another similar concept may certainly capitalize on the location's goodwill.

Since Old Pasadena boasts a bustling food scene there is no shortage of competing food options, however, this location has become synonymous with the exquisite high-quality food items that the current proprietor offers. The location's inviting storefront with prime street front visibility, ease of accessibility and nearby parking structures, and spacious kitchen provide it several advantages over competition.

New operators may take this attractive venue in any number of directions as it's versatile layout, sizeable hood, spacious food preparation area and large walk-in cooler and freezer can be readily adapted to any number of concepts.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $420,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2016
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Personal




Print Listing Id: 700330339
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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