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For Sale: Restaurant for Sale - Southern , California

$2,500,000.00

Asking Price

  • Address: Glendale,

  • Status: Active

  • Posting ID: 280464

  • 4/30/23

Southern  Restaurant for Sale Business For Sale
Southern  Restaurant for Sale Companies For Sale
Buy, Sell A Restaurant for Sale Business
Selling A Southern  Restaurant for Sale
Restaurant for Sale Business Opportunity

Description

Est 1964 - Iconic Breakfast, Lunch, and Dinner Restaurant Located in Los Angeles County with Hard Liquor License

RRC# 4475
Location: Glendale

Description:
An iconic, popular Diner located in Northern Los Angeles County. SBA Pre-approved for an 85% loan. This restaurant has been serving from-scratch American and south-of-the-border favorites in this truly unique building since 1964. Yep, that's right -- they've got over 50 years of meals and memories under their belts. Curious about what keeps patrons coming back year after year? It's the warm, personable service and feels-like-home dining space that draw the local community for breakfast, lunch, and dinner time and time again. Whether you want to curl up in a corner booth next to one of the fireplaces or dine al fresco on the shaded outdoor patio, you're always welcome to be a part of the family. 'Amazing breakfast burrito that felt super healthy and light. Came with egg whites and tender chicken. I enjoyed it. I asked for their hot sauce on the side and it made the burrito even better. I would have to say one of the best breakfast burritos I have had. I would order again.'
Mostly booth seating indoors for 120 and patio dining for a further 80 along with an ABC type 47 hard liquor license, this restaurant produces $4.3 million in annual Gross sales (average monthly gross $360,000) producing $743,000 in Profit. Open from 7.00 am 9.00 pm daily with 2 parking lots and a 30ft custom, backlit Pylon sign.
A Fully loaded kitchen, ample parking, in a glorious setting with so much more!
To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution, please complete the Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with the full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail

Financial Information:
Monthly Revenue: $358,000
Monthly Cash Flow: $61,924
Annual Revenue: $4,285,169
Annual Cash Flow: $743,093
Annual Payroll: $1,453,736

General Info:
Ownership: Corporation
Established: 1964
Current Owner: 2019
Employees: 40
Reason For Sale: Other Interests
Monthly Rent: $19,787
Expiration: 2029 plus 5-year lease option

Facilities:
Square Feet: 4,554
Seating: 200
Parking: 2 Large Parking Lots
Licenses: Health, Business & ABC Type 47 License
Days/Hours of Operation: 7.00 am - 9.00 pm Daily

To get more information about this Restaurant for Sale business for sale in Southern please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #280464 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Restaurant for Sale, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.

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Contact

  1. Name: Steve Zimmerman
  2. phone iconPhone: 888-995-9701

Details

  1. Asking Price: $2,500,000.00

  2. Down: Call/Email

  3. Cash Flow: $743,093.00

  4. Revenue:    $4,285,169.00

  1. Area: Southern

  2. City: Glendale

  1. Attributes:

    Broker CooperationTraining & Support

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Related Links & Information Regarding This Posting

Email Steve Zimmerman Below About This Posting


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