Pasadena Fusion Restaurant

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This listing is: Off Market

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

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations