Fully Remodeled Restaurant & Banquet Hall in Glendale, CA
Financial Details
- Asking Price:
- $1,200,000
- Annual Revenue:
- $1,150,000
- Cash Flow / SDE:
- $350,000
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 3.4x
- Location:
- Glendale, CA, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This is a fully remodeled, money-making restaurant and banquet hall located in the heart of Glendale, CA. The property spans approximately 6,000 sq ft with a newly remodeled patio for 100 guests and indoor seating for 214. An additional 2,500 sq ft provides extra space, rooms, and storage. A substantial $1.5 million investment was made in remodeling, featuring state-of-the-art materials and kitchen equipment, along with new plumbing, electrical, and AC systems. The venue includes a new indoor bar, a stage for entertainment, and a spacious basement with offices and storage. The business currently operates as an American restaurant with Greek and Armenian influences and is versatile enough to function as a banquet hall. An ABC 47 Liquor License is included in the sale. This opportunity presents significant potential for a motivated buyer.
Industry Information
- Industry Description:
- Fine Dining Restaurants
- Classification:
- Restaurants & Food
Real Estate & Lease
- Status:
- Available On Request
Assets & Inventory
- Includes FF&E:
- Yes
Listing Details
- Listing ID:
- fd131bf9-5a5d-48d0-af61-cfb39bae7ac0
- Deal Status:
- For Sale
- Date Posted:
- November 17, 2023
- Last Updated:
- September 15, 2025
- Currency:
- USD