Old Pasadena Restaurant & Bar – Successful Concept

Pasadena, CA (Los Angeles County)

Old Pasadena Restaurant & Bar – Successful Concept
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Asking Price: Get Financing: $450,000

Cash Flow: $200,000

Gross Revenue: $1,260,000



Inventory: $5,000*

Established: 2007

*not included in asking price.

Old Pasadena Restaurant & Bar – Successful Concept

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Business Description

This Old Pasadena restaurant and bar with beer and wine boasts a successful concept that exudes character and has been an area favorite for nearly 10 years. The popular modern – chic venue is ideally located in a quaint high traffic Old Pasadena location without the rent typically found nearby on Colorado boulevard. The facility has 2 separate dining rooms, a beer and wine bar, a large dry storage room, and a sizeable hood that covers a stove and oven, grill, griddle and deep fryer.

Detailed Information

Not included in asking price
This 3,200 square foot bar and restaurant leases for $6,304 per month on a lease that expires in 2018 with one 5 year option. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. Approximately $5,000 in inventory will be sold at cost at close.
Old Pasadena is a highly competitive dining and entertainment market. This venue, however, has carved out a market niche and made it a favorite among its loyal client base – as evidenced by its roughly $100,000 in monthly revenues.
Growth & Expansion:
New operators may wish to maintain the current concept, or capitalize on the venue’s popularity by launching an entirely new concept from the versatile space that is comprised of separate dining rooms and a bar. As the current operator is semi-absentee and only oversees the venue’s banquet bookings and food purchases, the business could likely benefit from a full-time onsite working owner that is perhaps a chef or a hospitality general manager. Such an operator would also stand to likely increase profitability via wage expense savings.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
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Michael Wildeveld

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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