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#5082
Pasadena - Covina - San Gabriel Valley

Prime Pasadena Location at Affordable Price

$49,000
Sold
Prime Pasadena Location at Affordable Price
This Listing is Sold

Select the Button to Left "Want Name/Address" to go out and see this business. 

Heres what you get in this 1100 Sq Ft location on Super Busy Street in Pasadena. The Restaurant is Equipped with a 12' Hood System, Pizza Oven, Grease Trap,  4 Burner Stove , Gas Grill,  Walkin Cooler, and more. There is a recessed Patio out front that appeals to the passerby. The concept there is doing OK BUT this location is screaming for a person with the desire to transform this into a thriving business. The place NEEDS some major TLC, but with this location an owner willing to make the commitment can see this place POP and cash in.

Other restaurants near by include Panda Express, Yoshinoya, Carls Jr, Zankou Chicken and Polo Loco just to name a few. So you will be in good company.   

Just 11/2 blocks from a major school someone looking to bring a new innovative concept into the area this is a Great opportunity. The Pasadena area has a large customer base that are looking for something new.

This is an Asset sale although if Buyer wants to continue the present operation that is a possibility. Priced at Only $49,000 this will move fast.

Current Rent is Only $2460 per Month TOTAL. It has a year and half left on the lease as the current 5 year option is not transferable BUT we would add a contingency to the offer that purchase is made with the ability to add options to current lease. The Seller has discussed the Sale of Business with Landlord and he is willing to offer options to approved Buyer .

Currently owners are not open on Saturdays and only 11/2 hours Sundays because of personal reasons BUT traffic in area on weekend is huge.

So Don't Wait!!  You got it all here, high traffic, low rent and the major expense items in place. If you have the right concept you will want to jump on this NOW!! Just Click the "Sign NDA" tab and get name, address and pictures to get started.

 

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Pasadena - Covina - San Gabriel Valley
Lease Term:
Jan 31 2018
Total Monthly Rent:
$2,460
Security Deposit:
$1,925

Operations

Hours Open:
Monday - Friday: 12pm - 10 pm.
Saturday:CLOSED
Sunday:8pm - 10 pm

Year Established:
2017
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Outdoor Seating:
16
# of Parking Spots:
shared back lot and street
Inside Sq. Ft.:
900
Outside Sq. Ft.:
200

Highlights

  • Great LOCATION with Foot and Car Traffic
  • Low Rent
  • Near Major School
  • Close to 210 Feeway
  • Dense Population Area

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 33,764 126,998 361,895
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,028 52,379 132,251
2010 Persons Per Household 2.51 2.35 2.67
Median House Value $633,100 $576,505 $647,311
Income Per Household $80,936 $70,267 $80,856
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,420 5,010 12,021
2012 Number Of Employees 35,438 114,548 279,220
2012 Total Annual Payroll $772,371,000 $2,960,865,000 $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, foreward 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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