Restaurant Bar and Club - Just Reduced to $199,000 - Rare Opportunity
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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. Corner location with A+Visibility. Private upstairs bar and full bar downstairs. Manager's office and chef's office and full commercial kitchen.
About the Business
- Years in Operation
- 18
- Employees
- 11 (3 Full-time, 8 Part-time)
- Facilities & Assets
- 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.
- Market Outlook / Competition
- Amazing corner location that hosts the Big Ten College Football pregame parties, as well as Hollywood Events. Rare opportunity for Live Music and Dancing license in Old Town Pasadena.
- Opportunities for Growth
- Perfect opportunity for growth with takeout, dine in, and events planning.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 7,000
- Rent
- $35,000.00 per month
About the Sale
- Seller Motivation
- The owner wants to retire.
- Transition Support
- The owner will offer training. His staff, bar manager, general manager, and chef run the day to day duties.
Listing Info
- ID
- 2308606
- Listing Views
- 1353
Listing ID: 2308606 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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