Greek/Armenian Restaurant 45 years

Glendale, CA
Los Angeles County


Asking Price: Annual Revenue:
$249,000 $1,105,379

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Greek/Armenian Restaurant 45 years Broker: Steve Zimmerman
License #: 01310250

Quick Facts

Asking Price: $249,000
Annual Revenue: $1,105,379
Net Profit: Not Disclosed
Cash Flow: $181,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1977
Employees: 5
BBN Listing #: 88111533
Broker Reference #: 4257

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Greek/Armenian Restaurant – 45 years of Profitability

RRC#: 4257
Asking Price: $249,000
Location: Glendale, California
Annual Revenue: $1,105,379
Annual Cash Flow: $181,000
Monthly Rent: $5,600
Expiration: 2027 plus 5 year option

Listing Description:
Located in Glendale, this consistently profitable family-run establishment was founded in 1977. Nearly 1,000 excellent Yelp reviews attest to its popularity. This restaurant draws a dedicated base to their popular Beef Lula Keba, Lamb Chops, Baby back ribs, grilled salmon, gyros, salads and sumptuous desserts. Centrally located in a busy area close to freeway access with plenty of street parking. Great lease terms. Equipment includes a 12' hood, gas stove, freezers, BBQ grill, ice maker, two-door stainless steel refrigerator, soft drink dispenser and much more.

General Information:
Organization: Corporation
Year Established: 1977
Employees: 3 Part Time, 2 Full Time (owners)
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $87,000
Monthly Cash Flow: $15,000
Annual Revenue: $1,105,379
Annual Cash Flow: $181,000
Annual Payroll: $15,000

Facilities:
Square Feet: 1,500
Seating: 45
Parking: Street parking
Days/Hours of Operation: Monday - Saturday 11 a.m. - 9:30 p.m.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 1,500 Seating: 45 Parking: Street parking

Reason for Selling:

Other Interests

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!