Restaurant 4 sale! $200k Down! Seller Financing!

Description

fully-equipped restaurant in Old Pasadena! A rare opportunity to acquire a turnkey restaurant featuring a brilliant new concept. Keep 100% of your profit instead of paying the bank. Seasonal Seafood and Mediterranean Fusion. Originally established under a different model, the restaurant was completely transformed by the current owner-operator—a Michelin-trained Chef. The current owner conceptualized, launched, and refined a sophisticated yet accessible menu that has truly captured the local culinary scene. Keep the current concept or bring your own vision to this fully equipped space.

This business is ideal for an ambitious chef looking to step into a Michelin-caliber kitchen setup, or an investor looking for a proven concept with high margins, or a hospitality group seeking a flagship location with immediate brand equity

Location & Property Highlights:
• Situated along an established, high-visibility dining strip in Old Town Pasadena.
• Visibility: Strong street frontage and easy customer access.
• History: Long-running, permitted restaurant legacy space.

Operational & Concept Details
• Cuisine: Seasonal Seafood and Mediterranean fusion.
• Specialty: Popular house-aged fish menu items drawing a loyal regular clientele.
• Buildout: Complete top-to-bottom luxury remodel completed in 2024 with a $2M capital investment.
• Type 47 Liquor License

Space
• 5303 square feet: street level
• 1320 square feet: basement-storage
• Indoor seating: 150 people.
• Bar sits 15 people
• Patio Seating: 20 people
Fixtures & Equipment
• Complete list will be provided upon receipt of LOI
• All refrigerators are remote
• Aged fish on locations
• Aging refrigerator

Lease Term
• Monthly Rent: $20761.81
• CAM Charges: $5678.36

Staff
• 24 Part Time employees
• 6 full Time Employees
(1 chef & 3 cooks)

Financials
• Annual revenue
• 2024 – $2,479,000
• 2025 – $2,264,000
• 2026 six month to date $994,500

SELLER FINANCING Terms:
Down payment: $200,000
Seller financed: $350,000
Interest rate : 0%
Amortization: 3 years/36 months
Monthly payment: $9,722.22
Number of payments: 36.

Interested parties can review seller financials with Proof of funds & executed NDA.