2226 E Colorado Blvd
Pasadena, CA 91107
Retail Property For Sale

Prime location, free standing blvd. on the most traveled in Pasadena. Established 25 years by seller with constant growing sales volume. The building size is 2,190 SF, seats 60 patrons and has a beer and wine license and ample parking spaces. It serves Mediterranean food that is growing fast in popularity. Has a fully equipped kitchen: 3 hoods one is 11-footer other 2 are six footer each, 1 charcoal grill (works also on gas), 3 refrigerators, one freezer, a pizza fridge, Pepsi fountain, one stove and 4 head gas burners, one unit big head gas burger, 2 fryers, a dishwasher, prep tables, an ice machine, water softener, shawarma machine, meat grinder, a microwave, 3 swamp coolers, 2 A/C 5 tons each and 2 bathrooms. Dine-in and take out. This venue opens 6 days: lunch 11:00-3:00, dinner 5:00-8:30 and closed Sunday. Gross sales are $82,000/MO, food cost 35% and the annual net income is $246,000 (verifiable by tax returns). All equipment, furniture, fixtures and recipes are included in the sales price. This restaurant is love by loyal daily customers and has great reviews on Yelp. No advertisement has been done by the owners, they rely only on word of mouth. Therefore; new buyers can boost the sales by making use of social media, advertising and extending business hours. It can be converted into any kind of cuisine, or even a franchise. This is a great opportunity to own as a family run business or as a turn-key investment. Owners are retiring after 50 years in the food industry. They will train buyer to insure a smooth transition. They are motivated and will consider any reasonable offer. Business and property to be sold together and escrow to close concurrently on both.