Business For Sale

Glendale Area Restaurant w/Beer, Wine & Patio

Glendale, CA
Los Angeles County


Asking Price: Annual Revenue:
$350,000 $1,443,711

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Glendale Area Restaurant w/Beer, Wine & Patio Broker: Ryan Clark

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,443,711
Net Profit: Not Disclosed
Cash Flow: $112,418
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 39834929
Broker Reference #: BurPig

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Business Overview:

This fast casual restaurant venue with beer, wine and a coveted outdoor patio boasts an excellent lease in a highly visible location. The tenant-friendly long term lease will help a buyer to revamp the current established concept or capitalize on the venue’s significant attributes and entitlements to launch an entirely new one. The facility has a spacious kitchen with a griddle, deep fryer, convection oven and several salad and additional preparation tables, as well as refrigeration units and a large dry storage area.

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Property Features and Assets:

This 3,300 square foot restaurant leases for $7,155 per month including triple net (NNN) / common area maintenance expenses on a lease until 8/2021 with 2 five year options. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Training: 2 Weeks at 20 hrs/wk

Market Competition and Expansion:

The greater Glendale area has no shortage of food options readily available, however, few alternatives possess the location and street visibility that this one offers – let alone the favorable long term lease agreement that a buyer will be hard pressed to match. New operators may choose to take this opportunity in any number of directions. While the current concept is successful it does result in lower than anticipated returns. New management may wish to modify the this concept to realize the true profit potential or they may capitalize on the prime location, patio, beer and wine license and excellent lease rate to launch a new concept.

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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