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.
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.
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.
Training: 2 Weeks at 20 hrs/wk.