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For Sale: Mediterranean Restaurant - Absentee Run - Glendale, Los Angeles County

NDA   |  

Current Status: Active     Posting #: 264832     Last Refreshed: 4/14/21    
Contact: Michael Raad At 626-215-4563 Cell , 626-204-2319  -  Also Email This Contact Below
Asking Price:  $295,000     Down Payment:  Call / Email     Annual SDC:  $60,000     Annual Gross:  $480,000    
Business Address:  None Given     City:  Glendale     Zip:  None Given    
Attributes:  Absentee Run, Semi-Absentee Run, Training & Support
Excellent location, free standing bldg. on a major thoroughfare in Glendale with lots of cars and foot traffic. Established 40 years, 10 with present owner. This venue is 100% help run by 6 employees at $13,000/MO payroll. Surrounded by a great mix of commercial, residential, and retail stores.

The building size is 1,860 SF, lot size is 7,571 SF. Seats 42 patrons inside, and 22 in the outside patio. Has 2 bathrooms, and 13 parking spaces on site plus street. Monthly rent is $5,500 with 5 years lease and 5 options. Full kitchen; 2 hoods, grills, walk in cooler, freezer, POS system and all needed equipment to run a successful restaurant. Using the best ingredients, it serves; shish kebab, chicken, beef, Lula kebab, fish hummus, rice, tabbouleh, salads, sandwich plates and more.

The gross annual sales are $480,000, and the net income is $60,000. Before the pandemic the gross sales were $ 720,000. The business sales are growing up gradually as the situation is getting back to normal. This absentee run business is remodeled, bright, and welcoming. It is a true pride of ownership. New buyer can keep the same menu, or convert to any type of cuisine. Mexican, sushi, Chinese, Thai, Pizza, bakery, catering, franchise etc. All business equipment, furniture and fixtures are included in the sale price.

This is a desirable destination that is favorable among local and neighboring communities. A unique opportunity to own an established business in Glendale. Please do not talk to employees; they are not aware of the sale. Call agent for any question. Act today, it will not last long.

To get more information about this Mediterranean Restaurant - Absentee Run business for sale in Glendale, Los Angeles County please phone Michael Raad (Broker - BRE License #:00984305) at 626-215-4563 Cell and 626-204-2319 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #264832 on BizBen.com. In addition to phoning Michael Raad, make sure you email Michael Raad above to get more info about this Mediterranean Restaurant - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you.


Email Michael Raad Below About This Posting




No Spam
For Best Results & Response, Email & Phone This Contact: Michael Raad at 626-215-4563 Cell and 626-204-2319.
Diane Boudreau-Tschetter Escrow Services
Buying A Restaurant During COVID





Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

For Sale: Chinese Restaurant With Beer And Wine In West Los Angeles, California
Contact: Jack Oh: None Given, 562-544-6863
Status: Active  Posting #: 267732  Refreshed: 5/8/2021
Asking Price: $199,000  Down Payment: $50%  Annual SDC: $90,000  Annual Gross: $900,000
Attributes: Training And Support
Fast Track Posting Owner is retiring after 38 years. Recently remodeled 3 years ago. Fully equipped with walk in cooler and freezer. Has beer wine license. Located on a major street. Densely populated area. Seating for 150. Monthly gross: $75,000. Annual net: $90,000.
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For Sale: Bagel And Sandwiches Shops - High Cash Flow In West Los Angeles County, California
Contact: Ray Roldan: 310-980-5945
Status: Active  Posting #: 267141  Refreshed: 5/1/2021
Asking Price: $1,800,000  Down Payment: None  Annual SDC: $475,000  Annual Gross: $2,900,000
Attributes: Broker-Broker Coop, Semi Absentee Run, Absentee Run, SBA Loan Pre-Qualified, Training And Support
Fast Track Posting Two (2) Bagel and Sandwich Shops / Excellent Commercial, Hotels, Hospital and Residential hi and middle income. Pre-pandemic approximately $2.9 million 2019 / Pandemic approximately $2.7 plus 2020. Management operated / Owner works two (2) days per week. Salary $171k One (1) location has seating.
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For Sale: Restaurant - Modern, Clean Build Out In Eagle Rock, LA County, California
Contact: Ryan Clark: 310-652-8353
Status: Active  Posting #: 267637  Refreshed: 5/2/2021
Asking Price: $225,000  Down Payment: $225,000  Annual SDC: $60,000  Annual Gross: $521,518
Attributes: Broker-Broker Coop, Semi Absentee Run, Training And Support, Owner Financing
Fast Track Posting This Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan as well as stellar street visibility. The venue has multiple interior dining areas, each with its own unique ambiance. The fully outfitted kitchen has a walk-in cooler. convenience freeway, main street access. This 2,000 plus square foot space leases for $6,340 on a lease that expires in 2028 with one 5-year option. The venue has seating for 60 patrons inside. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.
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