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#5231
Pasadena - Covina - San Gabriel Valley
San Fernando Valley

Pasadena Restaurant @ Lowest Price

$45,000
Sold
Pasadena Restaurant @ Lowest Price
This Listing is Sold

Want to see this business?  Then Select "Want Name/Address" to the left!

Owner's Loss is Your GAIN!!

Used to be a Pizza Place so there is plenty of electricity.

Huge Price Drop. Pasadena Restaurant at Unreal Low Price!

Are you looking for opportunity when it comes to the restaurant business?  With the economy improving, we are seeing owners holding on to their restaurants longer and we rarely see a killer deal anymore.

This is one of those. Experienced owners know how much first generation restaurants cost to open and the smart ones look at 2nd generation deals when they become available.

This is one of those deals. This place is turn-key. All it needs is an experienced owner and the right concept. The price is a real bargain!

Illness forces owner to sacrifice this Mexican Quick Serve Restaurant in a robust busy city. Currently operating as a Mexican Fast-Casual Restaurant, you should consider bringing your own concept as this area is ripe for good restaurants.

Fully equipped with a very large 20 ft hood, this is turn key. Owner started this as a second career and a family illness has opened up a golden opportunity for the right operator.

 

Got a franchise concept in mind? This restaurant is ideal for almost any type of concept.

Italian, Tapas, A good Deli or even a popular franchise would be a great fit here. Some of the equipment in place is A Salsa Bar, Ice Machine-owned, Industrial refrigerators and freezer, Wolfe Stove, Chill Table-everything you need to get started.

Almost 3 Years left on lease. Landlord open to option.  1,180 Sq. Ft on busy and popular street.

Currently there in no alcohol on site-owner just never got around to it, so get a 41 license and bring in some craft beer and you could have a winning concept.

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

Lease

Region:
Pasadena - Covina - San Gabriel Valley
San Fernando Valley
Lease Term:
Expires 10-31-2020
Total Monthly Rent:
$5,350
Security Deposit:
$15,000

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
4
# of Family Employees:
1
# of Working Owners:
1
Hours Open:
M-F 9-8PM
Sa Sun 9-10PM
Year Established:
2017
Hood System Type 1:
Yes

Facilities

Indoor Seating:
42
# of Parking Spots:
10
Inside Sq. Ft.:
1180

Highlights

  • Pasadena Restaurant Cheap
  • Steal This Mexican Restaurant
  • Bring Your Own Concept To Pasadena
  • Owners Loss is Your Gain
  • Illness Forces Discounted Price
  • Franchise Concept Needed For This Site
  • Quick Serve Discounted Restaurant
  • Mexican Restaurant Needs New Blood
  • Great Deal On Main Street Restaurant

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 37,074 179,235 288,649
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,922 68,697 108,714
2010 Persons Per Household 2.80 2.54 2.57
Median House Value $584,700 $550,285 $652,724
Income Per Household $67,068 $70,387 $83,658
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 602 5,770 9,429
2012 Number Of Employees 7,898 144,884 226,136
2012 Total Annual Payroll $106,950,000 $3,871,099,000 $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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