Restaurant with Full Liquor License and Explicit Entertainment License
Pasadena, CA
| Asking Price: | $550,000 |
| Inventory: | $10,000 |
| FF&E: | $200,000 |
| Gross Revenue: | $2,000,000 |
| Rent: | $30,000/Month |
Listing ID: 2308606Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is a rare opportunity to buy a restaurant in downtown Pasadena, that hosts the Big Ten pre-party games, as well as other Corporate Events. The restaurant can serve liquor until 1:30 am, and the entertainment license permits bands as well as dancing.
DETAILED INFORMATION
Location
Pasadena, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
There are two bars. One U-shaped bar and another bar upstairs that can accommodate a private party. There is a VIP room, as well as an elevated area for a band and or DJ. There is another area that can be reserved for dancing. City approved outdoor seating to accommodate up to 80 people. In the kitchen there is a 20' hood, a chef's office, 3 walk in coolers, and a full very large kitchen. Delivery access through a parking lot in the back. Liquor License value of $150,000-200,000 and Explicit Entertainment License value undetermined worth.
Competition
There is very little competition for a restaurant of this caliber and nature, due to the Explicit Entertainment license which is very difficult to attain.
Growth & Expansion
The restaurant currently hosts some Hollywood events, and a new owner can definitely cater to the larger Hollywood, Rose Bowl, and Corporate Events.
Support & Training
The owner will offer training. His staff, bar manager, general manager, and chef run the day to day duties.
Reason for Selling
The owner wants to retire.
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