Est 1964 - Iconic Breakfast, Lunch, Dinner
Glendale, CA Los Angeles County
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- RE: Est 1964 - Iconic Breakfast, Lunch, Dinner
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
| Asking Price: | $2,500,000 | |
| Annual Revenue: | $4,285,169 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $743,093 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1964 | |
| Employees: | 40 | |
| BBN Listing #: | 783211533 | |
| Broker Reference #: | 4475 |
Business Overview:
Est 1964 - Iconic Breakfast, Lunch, Dinner Restaurant Located in Los Angeles County with Hard Liquor License
RRC# 4475
Location: Glendale
Description:
An iconic, popular Diner located in Northern Los Angeles County. SBA Pre-approved for an 85% loan. This restaurant has been serving from-scratch American and south-of-the-border favorites in this truly unique building since 1964. Yep, that’s right -- they’ve got over 50 years of meals and memories under their belts. Curious what keeps patrons coming back year after year? It’s the warm, personable service and feels-like-home dining space that draw the local community for breakfast, lunch, and dinner time and time again. Whether you want to curl up in a corner booth next to one of the fireplaces or dine al fresco on the shaded outdoor patio, you’re always welcome to be a part of the family. “Amazing breakfast burrito that felt super healthy and light. Came with egg whites and tender chicken. I really enjoyed it. I asked for their hot sauce on the side and it made the burrito even better. I would have to say one of the best breakfast burritos I have had. I would definitely order again.”
Mostly booth seating indoors for 120 and patio dining for a further 80 along with an ABC type 47 hard liquor license, this restaurant produces $4.3 million in annual Gross sales (average monthly gross $360,000) producing $743,000 in Profit. Open from 7.00am – 9.00pm daily with 2 parking lots and a 30ft custom, backlit Pylon sign.
A Fully loaded kitchen, ample parking, in a glorious setting with so much more!
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
Financial Information:
Monthly Revenue: $358,000
Monthly Cash Flow: $61,924
Annual Revenue: $4,285,169
Annual Cash Flow: $743,093
Annual Payroll: $1,453,736
General Info:
Ownership: Corporation
Established: 1964
Current Owner: 2019
Employees: 40
Reason For Sale: Other Interests
Monthly Rent: $19,787
Expiration: 2029 plus 5 year lease option
Facilities:
Square Feet: 4,554
Seating: 200
Parking: 2 Large Parking Lots
Licenses: Health, Business & ABC Type 47 License
Days/Hours of Operation: 7.00am - 9.00pm Daily
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Property Features and Assets:
Square Feet: 4,554; Seating: 200; Parking: 2 Large Parking Lots.
Reason for Selling:
Other Interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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