Restaurant Bar & Lounge In Old Pasadena For Sale

Business description

Netting $8,000 monthly, 100% Absentee owner, Restaurant Bar & Lounge with audited financial statement is located in a lively and diverse city that is pedestrian friendly and features entertainment and activities (Old town Pasadena) is now available for sale!. This Restaurant is to be found in a corner location spot that accommodate any size group in 6700 square feet of space by having the perfect setting for Business Meetings and Events, Family Reunions, Birthday celebrations, Bar/ Bat Mitzvahs, Rehearsal dinners and much more. 7 days a week operation, Full kitchen, Full liquor license, fully staffed, 150 seats, Valet parking. Open- minded owner ready to finance for the right buyer.

This is a confidential listing. For more information, regarding this listing please contact us by completing the "Contact the Seller" form on this add, to schedule an appointment for more information about this opportunity. We look forward to hearing from you!

Property information

Real Estate:

Lease

Lease terms:

Lease Expiration: 2015
Lease Options: 10 yrs.

Leasehold rent:

$25,800 (Including CAM) Negotiable! per annum

Location:

This Restaurant is to be found in a corner location spot in city of old Pasadena.

Premises details:

6700 square feet of space by having the perfect setting for Business Meetings and Events, Family Reunions, Birthday celebrations, Bar/ Bat Mitzvahs, Rehearsal dinners and much more. Full kitchen, Full liquor license, fully staffed, 150 seats, Valet parking.

Size in square feet:

4733 sq. ft. +2063 sq. ft. basement

Business Operation

Reasons for selling:

Other locations

Trading hours:

7 Days/ Lunch: 11:30 a.m. 2:30p.m & Dinner: 5:00 p.m. 10:00 p.m.

Employees:

5 FT 45 PT

Years established:

1999

Other information

Support & training:

2 wks. 20 hrs./wk.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Negotiable!

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$10,000 (included in the asking price)