Pasadena Foothills Gastropub w/ Bar, Liquor, Parking & Patio

La Canada, CA (Los Angeles County)

Pasadena Foothills Gastropub w/ Bar, Liquor, Parking & Patio

Asking Price:$299,000

Cash Flow:$140,398

Gross Revenue:$774,075

EBITDA:N/A

FF&E:$30,000

Inventory:$4,000*

Established:2015

*not included in asking price.

Pasadena Foothills Gastropub w/ Bar, Liquor, Parking & Patio

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Business Description

This Pasadena Foothills area Gastropub with a bar, liquor, live entertainment, onsite parking and a spacious patio is local favorite. The prominently located venue boasts a corner location with excellent main street visibility. The turn-key operation is ideal for a working owner-operator that seeks a fun, profitable restaurant in a wholesome community. This venue offers it patrons separate bar, dining and banquet areas.

Detailed Information

Inventory:
Not included in asking price
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 2,622 square foot restaurant will lease for $6,000 per month on a gross lease that will expire in December 2021. One 5 year option at fair market value, plus $0.55/psf per month triple net expenses will be offered. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Approximately $4,000 in inventory will be sold at cost at close. The kitchen has two 6 burner stoves with ovens, a large grill and griddle, a deep fryer, warmers, salad and food prep tables and the necessary freezers and fridges. They have an ice machine, dishwashing unit and a separate manager’s office.
Competition:
This friendly bar and restaurant venue is a favorite among locals as well as those hailing from neighboring communities due to its customer embraced food, convenient freeway access and its inviting concept.
Growth & Expansion:
New operators may wish to maintain the successful current concept or elaborate on it via an expanded menu offering. Alternately, they may wish to modify the concept to be more of a neighborhood bistro, or capitalize on the venue’s entertainment permit which allows for a 5 person band to play music until midnight.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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