Contact: Ryan Clark At 310-652-8353 - Also Email This Contact Below
Asking Price: $595,000 Down Payment: $595,000
Annual SDC: $300,000
Annual Gross: $2,000,000
Business Address: None Given City: Glendale Zip: None Given
Attributes: Broker-Broker Coop
This Glendale / Burbank Area restaurant has those attributes that restauranteurs look for in a venue. It has liquor, onsite parking, an outdoor patio (now each of these are more coveted than ever), a main street location with visibility and freeway access, and an attractive lease rate.
The 4,000 square foot venue (plus patio) leases for $6,500 per month on a lease until 2023 with one 5-year option. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. The venue also has a Type 77 Event Permit, but a buyer will typically only obtain the same once the sale is consummated. Approximately $15,000 in inventory will be sold at cost at close in addition to purchase price.
While competition exists in these popular dining areas, this venue's location is not adjacent to either city's main entertainment areas so it does face a neighborhood draw. In addition, it also has a specific type of all-American food concept that requires special equipment and food prep knowledge to offer, which allows it to draw patrons in from a much larger geographic area. Due to limited competition in its immediate vicinity, they have a bustling lunch service for local residents and workers, which is highly attractive as those same patrons visit after the workday or return from afar on weekends, for special events or to satisfy their cravings.
New operators may wish to maintain the current concept that has already proven success, or they may capitalize on the location's favorable licensing, entitlements and other attribute to launch any number of new hospitality ventures.
To get more information about this Restaurant And Bar With Outdoor Patio business for sale in
Glendale, Los Angeles County please phone Ryan Clark (Broker) at 310-652-8353 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #265409 on BizBen.com. In addition to phoning
Ryan Clark, make sure you email Ryan Clark above to get more info about this
Restaurant And Bar With Outdoor Patio, to ask any questions or request an appointment to see this
business for sale. Thank you.
Contact: Ryan Clark: 310-652-8353
Status: Active Posting #: 267637 Refreshed: 5/12/2021
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
Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan. Venue has multiple interior dining areas. Fully outfitted kitchen has a walk-in cooler. convenience freeway, main street access. 2,000 + sf. M onthly rent $6,340. Lease expires 2028 + a 5 year option.
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
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.