Pasadena Fusion Restaurant
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Background
| BizEx ID: | BizEx1161-KF |
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| General Location: | Pasadena, CA |
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| Category: |
Restaurant
Restaurants
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| Years in Business: | 2 |
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| Under Present Owner: | 2 |
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| 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 |
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| Owner Hours: | Run absentee |
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| Training: | 2 weeks @ 20 hours |
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| Organization Type: | C-Corp |
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| Lease Expiration: | December 1, 2020 |
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| Lease Options: | (2) @ five years |
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| Building Size: | 2,800 sqft |
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| Employees: | 10 |
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| Reason for Sale: | Reducing restaurant holdings |
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Financials
| Asking Price: | $250,000 |
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| Down Payment: | $250,000 |
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| Gross Sales: | $1,000,000 |
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| Discretionary Cash Flow: | $100,000 |
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| FF&E: | $250,000 |
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| Inventory Included? | No |
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| Inventory: | $15,000 |
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| Min. Operating Capital: | |
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| Real Estate Available? | No |
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| Rent: | $18,274 |
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| Payroll: | $12,872 |
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| Financing: | Buyer |
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Kendric Foultz
Business Broker / M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005
