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30 Year Old Landmark Restaurant with Full Liquor and Banquet Hall

Glendale, CA

Seller Financing Available

Asking Price:$550,000
Gross Revenue:$2,525,000
FF&E:$512,160
Cash Flow:$255,000
Rent:$25,000/Month
Established Year:1985
Listing ID: 2254652Listing provided by BizBuySell
BUSINESS DESCRIPTION

Full Liquor License, Ample Parking, Profitable with Staff in Place

Full Liquor License, Ample Parking, Profitable with Staff in Place This long standing restaurant is a staple in the community, only a 5 minute walk to the Americana shopping center it is in a highly desirable location with a large parking lot giving it a huge advantage over neighboring restaurants and banquet halls. The business comes with a full liquor license, kitchen equipment, and all fixtures and furniture. Over half a million dollars worth of hard assets, along with a team of loyal employees some of which have been with the business for decades. Truly a turnkey investment for the savvy restauranteur.

ATTACHED DOCUMENTS
Restaurant Assets.pdf.pdf Download
DETAILED INFORMATION
Location
Glendale, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
9,177
Lease Expiration
31/12/2033
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Please see attached brochure for a breakdown of all assets included.
Competition
The restaurant has been here for over 30 years, it boasts a total capacity of over 300 occupants. It has a separate upstairs area used only for large parties and banquets, a beautiful outdoor patio with main street frontage, as well as a large dining room downstairs with an adjacent small room that can be used for regular service as well as small parties.
Growth & Expansion
Since COVID owners began closing the restaurant earlier. The right operators could easily double or triple the amount of business this restaurant is doing simply by staying open later and selling more alcohol! The sky is the limit with this beautiful gem that has huge occupancy capabilities and more than ample parking!
Financing
Owners are open to financing a portion of the sale price based on buyer credit
Support & Training
Owners are open to providing as much support and training as the buyer requires, mutually agreeable details will be arranged prior to closing.
Reason for Selling
Owners are retiring
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Allen Davidson
Allen Davidson