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 |
Description
This business for sale is a beautifully appointed fusion style restaurant in the Pasadena area. The location was built out from scratch only two years ago so all of the elements are in excellent condition. Prime location is a big advantage that a new owner should be able to leverage. The business has been operated via a manager so an owner operator would likely improve this operation even more. Beer and wine license is included in the sale and the opportunity to expand to a full bar exists. Restaurant is approved for almost a hundred seats. For more information please go to www.bizex.net and register or contact Kendric Foultz directly at 310-968-2369.
Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
