Pasadena Fusion Restaurant
BizEx1161-KF
Background
| BizEx ID: | BizEx1161-KF |
|---|---|
| General Location: | Pasadena, CA |
| Category: |
Restaurant Restaurants |
| Years in Business: | 2 |
| Under Present Owner: | 2 |
| Hours of Operation: | M-W 11:30-2:30, 5:00-10:30 - Thurs 11:30-2:30, 5:00-11:00 - Fri-Sat 11:30-12:00am - Sun 11:30-10:30 |
| Owner Hours: | Run absentee |
| Training: | 2 weeks @ 20 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | December 1, 2020 |
| Lease Options: | (2) @ five years |
| Building Size: | 2,800 sqft |
| Employees: | 10 |
| Reason for Sale: | Reducing restaurant holdings |
Financials
| Asking Price: | $250,000 |
|---|---|
| Down Payment: | $250,000 |
| Gross Sales: | $1,000,000 |
| Discretionary Cash Flow: | $100,000 |
| FF&E: | $250,000 |
| Inventory Included? | No |
| Inventory: | $15,000 |
| Min. Operating Capital: | |
| Real Estate Available? | No |
| Rent: | $18,274 |
| Payroll: | $12,872 |
| Financing: | Buyer |
