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Listed by:

Restaurant Realty Company

Broker license number: 01310250

One Of Pasadena's Finest Modern Relaxed Contemporary Restaurant For Sale

Los Angeles County, California - South, US
Asking Price:
$99,000
Sales Revenue:
$1,100,000
Cash Flow:
Available on request

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

Property Information

Real Estate:

Lease

Lease Terms:

5 year option.
Expiration: March 31, 2028

Leasehold Rent:

Covid rent $5,500 cams $2,400. Previously $11,000 total per annum

Premises Details:

Seating: 75
Parking: Street and Public Lots

Size in square feet:
2,400

Business Operation

Reasons for selling:

Other Interests

Trading hours:

11:00 AM- 2PM -& 5:00 PM- 8:00 PM-Closed Mondays

Employees:
9 currently, 21 Pre-Covid
Years established:
2017

Contact Restaurant Realty Company

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