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

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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

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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

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

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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.

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