Glendale /Burbank Area Restaurant & Bar w/Patio!

Glendale, CA
Los Angeles County


Asking Price: Annual Revenue:
$595,000 $2,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Glendale /Burbank Area Restaurant & Bar w/Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $595,000
Annual Revenue: $2,000,000
Net Profit: $300,000
Cash Flow: $300,000
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 40
BBN Listing #: 11984929
Broker Reference #: NanCu

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Business Overview:

This Glendale / Burbank Area restaurant has those attributes that restauranteurs look for in a venue. It has liquor, onsite parking, an outdoor patio (now each of these are more coveted than ever), a main street location with visibility and freeway access, and an attractive lease rate.

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Property Features and Assets:

The 4,000 square foot venue (plus patio) leases for $6,500 per month on a lease until 2023 with one 5-year option. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The venue also has a Type 77 Event Permit, but a buyer will typically only obtain the same once the sale is consummated. Approximately $15,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists in these popular dining areas, this venue’s location is not adjacent to either city’s main entertainment areas so it does face a neighborhood draw. In addition, it also has a specific type of all-American food concept that requires special equipment and food prep knowledge to offer, which allows it to draw patrons in from a much larger geographic area. Due to limited competition in its immediate vicinity, they have a bustling lunch service for local residents and workers, which is highly attractive as those same patrons visit after the workday or return from afar on weekends, for special events or to satisfy their cravings.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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