This well established Pasadena restaurant, bar and nightclub boasts a prime main street location with excellent visibility and a major new hotel opening nearby. The venue has long been favored by promoters and features well-known, as well as up and coming DJ’s, performers and bands that draw large crowds of their loyal fans. The hot spot is open during prime nightlife revelry hours 3 to 5 nights per week, typically from 9:00 pm - 2:00 am on weekends. The landlord will offer rent abatement in the form of a tenant improvement allowance. The venue has a dance and live entertainment permit. Buyer will need to replace the kitchen equipment.

This 4,000 square foot venue will lease for $11,000 per month on a new 10 year triple net lease with one 10 year option. The facility boasts a large kitchen with a hood, with the buyer to re-outfit equipment as desired. It has a conditional use permit for a Type 47 Liquor License (included at the $75,000) and had dance and live entertainment permitted.

As Pasadena has a somewhat limited number of lounge and nightclub offerings, this venue stands out due to its location and entitlements providing it a built-in sustainable competitive advantage. A large hotel is under development nearby which will add a solid amount of built-in foot traffic and likely enhance the venue’s ability to host corporate or other events.

New operators may take this established venue in any number of directions. They may wish to relaunch it as a gastropub, a bar and lounge venue, or another nightclub!

Posted Nov 6, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.