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#4844
Pasadena Restaurants For Sale

Italian Restaurant and Pizzeria with 20 years success GREAT LOCATION

$125,000
Italian Restaurant and Pizzeria with 20 years success  GREAT LOCATION
This Listing is Expired

SellingRestaurants is proud to present this Fine Italian Ristorante and Pizzeria in a highly sought after area. This restaurant has served Authentic Sicilian Style Traditional dishes for 20 years. With recipes handed down from Mamma's kitchen and passed down to current owners. Restaurant has a Beer and Wine License so the guests can enjoy a glass of Chianti or their favorite beer to accompany their menu choices.

PRICED AS AN ASSET SALE THIS RESTAURANT WILL NOT LAST LONG!!! only $125,000. Owners need fast sale due to personal issues, our recommended price was $225,000.

The restaurant has 2 separate dining rooms (great for special parties) and a sidewalk patio area for the guests enjoyment. Located on a very busy street with major shopping retailers in surrounding area that draws heavy traffic into area, but with 20 years at current location most locals have come to call this Their Italian Restaurant already.

Restaurant offers in house service as well as Take Out, Delivery and CATERING which makes up 40% of business and continues to grow. The owner has developed a very nice website bringing restaurant's history to life for the viewers. They have been an active part in the local community offering fundraising events to local sports teams, clubs and groups.

The Kitchen is well equipped with 2 hoods, grease trap, plenty of burners and stoves to accommodate the heavy traffic times. There is a walk in Cooler and Freezer as well to store all your food items.

This is one of those restaurants you will not want to let slip by, so to get Name, Address and see pictures of this Great Find just go to the "Sign NDA" button below. This is a highly confidential listing so PLEASE remember do NOT talk to any of the help while visiting the restaurant.

Please go to sellingrestaurants.com to get the name and address. 

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

Lease

Region:
Pasadena Restaurants For Sale
Lease Term:
Expires May, 2018 + 5 yr option
Total Monthly Rent:
$9,250
Security Deposit:
$8,000

Financials

Last Year's Annual Gross:
$693,000

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
12
# of Working Owners:
2
Hours Open:
Sun - Thurs 11:00AM - 9:00PM
Fri - Sat 11:00AM - 10:00PM
Year Established:
1996
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
99
Outdoor Seating:
30
# of Parking Spots:
shared lot
Inside Sq. Ft.:
3,022
Outside Sq. Ft.:
150

Highlights

  • 20 Years of Success
  • AAA Location with street traffic in a very desirable area
  • Great Street Visability, sits on end cap of center facng street
  • Serving a complete Italian Menu and PIZZA
  • Very Well Equipped Kitchen.
  • Beer and Wine License
  • Lots of long term customers
  • 2 Seperate Dinning Rooms to help accomidate larger parties without disturbing regular dinning guests
  • MOTIVATED SELLERS

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 7,946 66,564 239,300
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 3,499 24,253 86,479
2010 Persons Per Household 2.40 2.70 2.68
Median House Value $498,608 $639,629 $565,364
Income Per Household $61,788 $86,917 $64,546
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 328 1,692 6,009
2012 Number Of Employees 5,736 21,708 149,394
2012 Total Annual Payroll $89,363,000 $360,567,000 $3,983,381,000

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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