Business Summary:
This bar, restaurant, lounge and much more (inquire with broker), is one of Old Pasadena’s finest facilities in one of its best locations. No expense has been spared completing this first class facility that has had over $ 3.5 million in total investment, which is well suited to become part of a national chain, to be a formidable owner-operated venue, or to be the location from which the aggressive entrepreneur can launch a regional or national concept. The facility has full liquor permitted, as well as limited entertainment (no dancing or live music, but DJs, happy hours and door cover charges should be permitted).
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| Year
Business was Established: 2005 |
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| Number of Employees:
30 PT |
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| Facilities / Terms of Lease:
This 9,000 sq. ft. facility leases for an already ‘relaxed’ $20,000 per month, with a lease until April 2015, and options to be negotiated with assignment. The restaurant is equipment with an oversized kitchen, suitable for simultaneous food preparation for 500+ patrons, an unbelievable build-out with a recent $1 million renovation, and tremendous $600,000 - $ 700,000 investment in this venue’s unique niche market concept. The location’s occupancy is 340 plus patrons. |
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| Potential
Growth/Expansion:
A buyer will likely seek to build upon the current concept, incorporate it into a national brand, or use this as the base from which to launch a national brand in this unique market niche. Given the location, licensing allowing for full alcohol sales, and the limited entertainment that is permitted, a new owner may seek to take this unique opportunity in any number of directions. |
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| Competition:
This business is located in the heart of Old Pasadena, on or very close to the Colorado Boulevard’s entertainment district. There are several entertainment venues in the area, however, none can provide the unique offering that this location is specially equipped and licensed / permitted to provide providing it a unique competitive advantage over the competition. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
2 wks at 20 hrs/wk |
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| Reason for selling:
Personal |
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Seller Reference Number: Mooo
BusinessMart.com Listing Number: 67989 |
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