Restaurant - Beer And Wine License, Great Location

For sale is a well-established restaurant located within walking distance of the vibrant Old Town Pasadena, a popular area bustling with cars and foot traffic. This restaurant has been in business for 30 years, with 18 years at its current location. The building is approximately 1,022 square feet, according to the seller, with seating for up to 33 patrons. The monthly rent is $3,975, and payroll expenses are $12,500 per month. According to the seller’s tax returns, and the gross total annual sales are $314,000.
The kitchen is fully equipped with a walk-in cooler, walk-in freezer, hood, flat-top oven, four-burner gas stove, fryer, prep table, two single-compartment sinks, a double-compartment sink, a three-compartment sink in the back, ice machine, dishwasher, new water heater, and more. The restaurant serves American cuisine, specializing in a range of spiced, roasted chicken dishes. It operates six days a week, Monday through Saturday, from 11:00 a.m. to 2:30 p.m., then reopens from 5:30 p.m. to 8:00 p.m.
This long-standing business, which holds a beer and wine license, is surrounded by apartment buildings, offices, movie theaters, a convention center, ice skating rink, restaurants, shops, bars, hotels, and Pasadena City Hall. It enjoys a loyal customer base that has been visiting for decades, with patrons from the local community and surrounding areas appreciating its delicious food, friendly staff, and excellent service. Currently, the business operates solely through word-of-mouth referrals, making it a prime opportunity for growth. New owners could increase sales by implementing advertising, using social media, starting a happy hour, adding delivery services, and more.
The sale includes all equipment, furniture, fixtures, and the beer and wine license, making this a turnkey opportunity. It is ideal for an owner/operator or a family-run business. The 78-year-old owner is motivated to sell and retire.