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#4507
Pasadena Restaurants For Sale

Italian Restaurant with Beer and Wine Established in early 1960's

$200,000
Italian Restaurant with Beer and Wine Established in early 1960's
This Listing is Expired

Here you have a landmark restaurant that has been featured on a very popular TV show and has stood the test of time.

Established in the early 1960's, the restaurant has had 3 owners each building on the others success where today it still has a loyal following. Current Owners have had the restaurant since 2005. The restaurant has been kept up and maintained quite well.

With 2 Dining Rooms its easy to set one up for Banquets and Parties while still giving your regulars a table in the other room.

Owner has just made may improvements to the restaurant including remodeling both the mens' and women's restrooms, replaced counter tops with granite, repainted and more,

Sunday Brunches have been very popular with the locals and there are always new guests coming in to dine on the many items offered. All the menu is prepared from scratch, from the sauces, Italian specialty pastas and everything in between. Much pride is put into all the preparation of the menu items.

The owners claim that the restaurant sales average $30,000+ per month and take home $80,000 per year, but buyer will need to verify this through the due diligence process as SellingRestaurants has Not verified these claims.

Please visit our website at www.sellingrestaurants.com to get the name and location of this restaurant. 

This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Pasadena Restaurants For Sale
Lease Term:
May 2020 + 5 Year option
Total Monthly Rent:
$3,700
Security Deposit:
$2,500

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
4
# of Working Owners:
2
Hours Open:
Tues - Sat 11:309 - 9:00
Sun Brunch 10 - 2 Dinner 2 -9
Monday Closed
Year Established:
1960
Hood System Type 1:
Yes

Facilities

Outdoor Seating:
4
# of Parking Spots:
lots of shared
Inside Sq. Ft.:
2,250
Outside Sq. Ft.:
10

Highlights

  • Established Italian Restaurant
  • Lease including NNN Less that $1.65 per foot
  • Nice Decor and Well Kept
  • Center Located on a busy street corner
  • Good Catering Business
  • Beer and Wine License
  • Fully Equipped Kitchen with Hood

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 61,531 122,615 356,756
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,455 33,506 103,150
2010 Persons Per Household 3.67 3.48 3.37
Median House Value $301,100 $323,988 $377,189
Income Per Household $55,495 $59,617 $63,664
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 771 1,715 6,964
2012 Number Of Employees 36,724 73,060 247,428
2012 Total Annual Payroll $845,479,000 $1,758,593,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.


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