Fully Remodeled Restaurant-Banquet Hall for Sale

United States

Asking Price: $1,200,000

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Business For Sale Details

Listed on Nov 17, 2023(Renewed on May 13, 2024)

Business Description
Fully remodeled, money-making restaurant in the heart of Glendale for sale!!!

Approximately 6,000 sf with a newly remodeled patio that accommodates 100 guests, plus room for 214 guests inside the restaurant. With 2,500 sf extra space, rooms, basement, storage room, etc.

$1.5 million was invested in remodeling the property a year and a half ago, featuring state-of-the-art materials and kitchen equipment.

ABC 47 Liquor License is included in the Sale.

Brand new plumbing, electrical, and AC systems, along with updated landscaping.

The restaurant now boasts a newly built state-of-the-art indoor bar and a stage for musicians/DJs.

The property includes a spacious basement with multiple offices and a large storage area.

The restaurant currently operates as an American restaurant with Greek and Armenian influences, and it can also function as a banquet hall.

This opportunity offers significant potential for an ambitious buyer.

A must-see!

Prospective buyers to fill out, sign and email back the attached NDA with POF - Proof of Funds.

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Financials (USD)

Asking Price $1,200,000

Cash Flow $350,000

Sales $1,150,000

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? Available On Request

Willing to co-broke? No

Principals only? Yes

Franchise? Available On Request

Management will stay? Available On Request

Relocatable? No

Real Estate? Available On Request

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