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#4057
Pasadena - Covina - San Gabriel Valley
Los Angeles - Hollywood - DTLA

Pasadena College Restaurant Great Customer Base

$150,000
Sold
Pasadena College Restaurant Great Customer Base
This Listing is Sold

Southern California Restaurant Best Location Right Here

Owner Wants This Sold! Major Price Reduction For Smart Operator!

Don't even try to get a liquor license these days across the street from a major college. It would cost you dearly, but this place already has a 41 license in place. Imagine selling craft beer to college students and staff!

Restaurant owners know that location is as important as good food, but take any restaurant and place it directly across the street from a major college, add the So Cal sunshine, then place the restaurant on the direct path of the Rose Bowl Parade, and it becomes a dream location. That's right-COLORADR BLVD across the street from Pasadena City College!

Does it really matter what you serve here? The college population is 25,000 students with a staff of 2,000!

Current owner wants to spend time in his other business and this is out of the area, so after a difficult decision he is selling. 

Current concept is Mexican-Pizza and Subs. Huge online ordering for students through websites like GrubHub, Eat 24 and Seamless. Type 41 license in place and you are going to see huge traffic at this location.

Pizza Oven in place!

Howard Johnsons Motor Lodge next door, Subway, Starbucks and a 7-11 just moved in to get some of the retail business.

2250 Sq Ft with upstairs office. Grease Trap and dedicated parking for restaurant owner.

Community population is 138,000 and we all know what a small, close knit community Pasadena is. 

This is such a great opportunity for the right operator. Run it yourself or set it up as ABSENTEE owned. A smart operator will know the value of having a restaurant in this awesome location. 

This is not going to last! Don't miss this opportunity!

This is a Business Intermediaries, Inc. listing

This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Pasadena - Covina - San Gabriel Valley
Los Angeles - Hollywood - DTLA
Lease Term:
Expires 12-2020
Security Deposit:
$5,600

Financials

Last Year's Annual Gross:
$444,506

Operations

Liquor License:
41
# of Part-Time Employees:
3
# of Family Employees:
2
Hours Open:
Open 7 Days
10 AM to 10 PM
Year Established:
9
Hood System Type 1:
Yes

Facilities

Indoor Seating:
80
# of Parking Spots:
20
Inside Sq. Ft.:
2400

Highlights

  • College Pizzeria For Sale
  • Beer & Pizza Restaurant in College Town
  • Restaurant Across Street From Major College
  • Watch The Rose Parade From This Restaurant
  • Mexican Food Across From College For Sale
  • College Location Pizzeria For Sale
  • Colorado Blvd Pizzeria For Sale
  • Best College Town Pizzeria For Sale
  • 25000 College Students Across Street-Pizza For Sale

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 45,064 193,467 549,666
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 21,592 75,863 192,206
2010 Persons Per Household 2.01 2.45 2.78
Median House Value $491,799 $645,195 $550,801
Income Per Household $61,584 $79,178 $66,723
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,720 7,479 14,682
2012 Number Of Employees 67,754 177,142 332,060
2012 Total Annual Payroll $2,027,621,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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