Fully Remodeled Restaurant & Banquet Hall in Glendale, CA

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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

Fully remodeled, money-making restaurant and banquet hall with significant investment ($1.5M) in upgrades.
Features state-of-the-art kitchen equipment, a new patio accommodating 100 guests, indoor bar, stage, and an ABC 47 Liquor License.
Located in Glendale, CA, offering 6,000 sq ft interior plus 2,500 sq ft extra space, ideal for ambitious buyers.

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

Features & Tags

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